Friday 26 Apr 2024
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KUALA LUMPUR (Feb 6): Malaysia and Singapore are mulling the establishment of a connected market corridor, with a trading link between the exchanges of the two neighbouring countries.

This is one of the few proposed measures announced by Prime Minister Datuk Seri Najib Razak today at the fifth World Capital Markets Symposium this morning, with the intention to stimulate vibrancy in the Malaysian capital markets.

"After discussions between Prime Minister Lee (Hsien Loong) of Singapore and myself, I am glad to say that we have agreed that both markets have reached a sufficient level, sophistication and degree of maturity for us to establish a market corridor connecting Malaysia and Singapore, with a trading link between our respective exchanges to spur further mutual benefits and harness the economic potential of our two nations," said Najib.

"This 'Malaysia-Singapore Connect' will provide investors on both sides of the causeway with easier and seamless access to each other's markets with a combined market capitalisation of more than US$1.2 trillion and 1,600 public-listed companies," he added.

A regulatory arrangement, said Najib, will be ironed out by the two countries' relevant regulatory authorities to pave the way for the establishment of this trading link.

 

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