Malaysia, Singapore to set up trading link for stock markets
Malaysia and Singapore have agreed to establish a market corridor to connect their stock markets this year in order to spur further mutual benefits and fully tap economic potential.
Prime Minister Datuk Seri Najib Razak delivers his keynote address at the World Capital Market Symposium 2018 in Kuala Lumpur on February 6, 2018. (Source: Bernama)Kuala Lumpur (VNA) – Malaysia and Singapore have agreed to establish a market corridor to connect their stock markets this year in order to spur further mutual benefits and fully tap economic potential.
Addressing the World Capital Market Symposium 2018 in Singapore on February 6, Malaysian Prime Minister Najib Razak said that this “Malaysia-Singapore Connect” will provide investors of both sides with easier and seamless access to each other’s market with a combined capitalisation of more than 1.2 trillion USD and 1,600 public listed companies.
The PM reported the establishment of the market corridor followed discussions he had with his Singaporean counterpart Lee Hsien Loong.
He said Malaysia and Singapore agreed that both stock exchanges had reached a sufficient level of sophistication and degree of maturity for the establishment of the market corridor.
Following the decision, a regulatory arrangement will be worked on by the countries’ relevant authorities, to pave the way for the establishment of the trading link.-VNA
You should also see
Semiconductor workforce development a breakthrough: PM
Human resources development in semiconductors should be considered a breakthrough in personnel training, Prime Minister Pham Minh Chinh said at a conference in Hanoi on April 24.
See more
World
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
ASEAN
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on April 24 to discuss the ASEAN-UK economic integration programme.
World
Cambodia, Laos vow to boost bilateral ties
Cambodia and Laos vowed to boost their bilateral relations and cooperation for mutual benefits during Lao President Thongloun Sisoulith’s State visit to the neighbouring country on April 23-24.
World
Bank Indonesia raises interest rates to highest level in 7 years
Bank Indonesia (BI) on April 24 raised interest rates to their highest level in seven years.
World
Rail connects Vientiane, China's Guizhou province
The Guiyang-Laos tourist train will be launched on 8 May, signifying a pivotal step in boosting tourism and cultural ties between China and Southeast Asia.
