MANILA: Five ASEAN exchanges, namely Bursa Malaysia Berhad, Indonesia Stock Exchange, Philippine Stock Exchange, Singapore Exchange and The Stock Exchange of Thailand have signed a Memorandum of Understanding (MOU) to form an ASEAN electronic trading link to enhance the competitiveness of their capital markets.
This e-trading link, through one single access point, allows intra-ASEAN cross-border trading and will attract more international funds into ASEAN.
This initiative is clearly another important milestone for the ASEAN nations. Korn Chatikavanij, Thailand’s Finance Minister said, “This project will strengthen our regional financial stability by deepening regional capital markets and facilitating progressive liberalisation of our financial sector. A stronger, integrated and more competitive ASEAN is necessary to respond to the changing global landscape. Offering a single platform is a starting point to achieve our 2015 vision of a more integrated ASEAN capital market with harmonised rules, regulations and practices.”
No comments:
Post a Comment