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ASEAN Exchanges meet with the Honourable Prime Minister Najib in support of the integration of Asean capital market

Kuala Lumpur – WEBWIRE

The 22nd ASEAN Exchanges CEOs meeting was held in Kuala Lumpur on 11th and 12th February 2015.

The ASEAN Exchanges CEOs met with the Prime Minister of Malaysia, Najib Razak, for a dialogue on how to further harmonise and integrate ASEAN capital markets in order to better support the growth of all ASEAN economies. Malaysia took over the Chairmanship of ASEAN in January 2015 and the meeting showed the support for the ASEAN Economic Community agenda.

Speaking on behalf of ASEAN Exchanges, Dato’ Tajuddin Atan, CEO of Bursa Malaysia, said, “The emergence of ASEAN as an integrated capital market is already happening. ASEAN Exchanges will continue to support this development and partnership in the spirit of competitive-collaboration. ASEAN Exchanges will continue to provide investors an easy access to the diverse investment opportunities of ASEAN”.

Mr. Hans B. Sicat, President and CEO of The Philippine Stock Exchange, said, “It’s a great opportunity for the Philippines capital market to be part of this ASEAN growth story. We understand the challenges in integrating the ASEAN markets but we believe the opportunities in the region appear to be much greater.”

The ASEAN Exchanges CEOs also approved new cooperation, with a focus on the use of digital and social media tools to promote greater awareness and knowledge among investors about ASEAN investment opportunities.

These include the use of Twitter and Twitter based $Tags to consolidate news and conversations around ASEAN investment products. Enhancements to the ASEAN Exchanges website were completed and introduced giving investors a single point view of the six countries.

The seven ASEAN Exchanges have a combined market capitalisation of approximately USD2.4 trillion and more than 3,000 companies listed on their exchanges. These companies include some of the largest and most dynamic companies in the world, encompassing a multitude of sectors such as banking and finance, energy, telecommunications, commodities and manufacturing.
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ASEAN Exchanges is a collaboration of seven exchanges from Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The collaboration aims to promote the growth of the ASEAN capital market by driving cross-border collaboration, streamlining access to ASEAN, creating ASEAN centric products and implementing targeted promotional initiatives.

The goal of the collaboration is to bring more ASEAN investment opportunities to more people as well as enhance liquidity amongst members of the collaboration.

ASEAN Exchanges’ CEOs comprise Dato’ Tajuddin Atan of Bursa Malaysia Berhad, Mrs. Phan Thi Tuong Tam of Hochiminh Stock Exchange, Mr. Tran Van Dzung of Hanoi Stock Exchange, Mr. Ito Warsito of Indonesia Stock Exchange, Mr. Hans B. Sicat of The Philippine Stock Exchange, Mr. Magnus Bocker of Singapore Exchange, and Mrs. Kesara Manchusree of the Stock Exchange of Thailand.

Seated, from left to right:
Datuk Abdul Farid Alias, President and CEO of Maybank Group, Tun Mohamed Dzaiddin, Chairman of Bursa Malaysia, Senator Dato’ Sri Abdul Wahid Omar, Minister in the Prime Minister’s Department, Prime Minister Dato’ Seri Najib Abdul Razak, Tan Sri Megat Zaharuddin Megat Mohd Nor, Chairman of Maybank Berhad, Dato’ Tajuddin Atan, Chief Executive Officer of Bursa Malaysia and Mr. John Chong, Chief Executive Officer of Maybank Kim Eng.

Standing from left to right:
Mr. Nguyen Vu Quang Trung, Deputy Chief Executive Officer of Hanoi Stock Exchange, Mrs. Kesara Manchusree, President of the Stock Exchange of Thailand, Mr. Hong Sok Hour, Chief Executive Officer of Cambodia Securities Exchange, Mr. Magnus Bocker, Chief Executive Officer of Singapore Exchange, Mr. Hans B. Sicat, President and Chief Executive Officer of Philippine Stock Exchange, Mr. Le Hai Tra, Deputy Chief Executive Officer of Hochiminh Stock Exchange and Mr. Ito Warsito, President Director of Indonesia Stock Exchange.

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