6/6/2018 3:41:30 PM
|written By : Team India Se|
Malaysia will review plans to set up a trading link between the stock markets of Singapore and Malaysia. This was announced by the Malaysian Prime Minister Mahathir Mohamad on June 6 after a Cabinet meeting.
“The government will review the agreement to link the stock exchanges of Malaysia and Singapore,” he said during a post-cabinet press conference at Putrajaya. He gave no further details.
Plans for the link between Bursa Malaysia and Singapore Exchange were announced by then Malaysian Prime Minister Najib Razak in February. Both countries had aimed to set up the link by the end of this year.
The link would have allowed investors in both countries to trade shares listed on each other's exchanges, connecting markets with a combined market capitalisation of more than US$1.2 trillion (S$1.58 trillion) and a total of 1,600 public listed companies.
Dr Mahathir's announcement came a week after he confirmed that Malaysia would scrap the Kuala Lumpur-Singapore High Speed Rail project in order to cut its national debt.