The local banking industry lauded the soon-to-be established Malaysia-Singapore Connect, as announced by the Prime Minister Datuk Seri Mohd Najib Razak at the World Market Capital Symposium yesterday.
Najib announced the establishment of the Malaysia-Singapore Connect, which will enable stock market investors from each country to trade in the other,seamlessly and enable investors from both countries to access into a market capitalisation (market cap) of over US$1.2 trillion, through over 1,600 public listed companies.
The Securities Commission Malaysia (SC) and the Monetary Authority of Singapore (MAS) will work together to facilitate the establishment of a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year.
The trading link will allow investors to trade and settle shares listed on each other’s stock market in a more convenient and cost-efficient manner. Retail investors notably will benefit from such a link.
PETRONAS President and Group CEO Tan Sri Wan Zulkiflee Wan Ariffin, who attended the World Economic Forum in Davos, discusses oil prices and the Company's growth focus for 2018, with Bloomberg TV.
During the interview, Tan Sri Wan Zulkiflee shared his views on the outlook for oil prices, PETRONAS’ priorities for 2018 and future challenges.