Malaysia will relook Singapore trade link deal, says Dr Mahathir

Julia Yeow Julia Yeow Updated 7 years ago · Published on 6 Jun 2018 2:04PM · 2 Comments

The government will review an agreement to link the stock exchanges of Malaysia and Singapore, says Prime Minister Dr Mahathir Mohamad, in Putrajaya, today.– The Malaysian Insight pic by Seth Akmal, June 6, 2018.

PRIME MINISTER Dr Mahathir Mohamad said the government would review the previous administration’s plan with the Singapore government to create a trading link allowing investors on both sides of the border to access the two stock markets.

“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 today.

Dr Mahathir did not give further details.

In February this year, former prime minister Najib Razak announced that a link between the stock exchange of both countries would be established by the end of the year, connecting markets with more than US$1.2 trillion in value, and about 1,600 listed companies.

Dr Mahathir’s announcement today on the possibility of not going ahead with that deal follows last month’s bombshell that the Pakatan Harapan government will be scrapping the multi-billion-dollar High Speed Rail joint project with Singapore. – June 6, 2018.

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Comments

  • Will Dr. Mahathir get another whack at his previously scrapped "crooked" bridge project which would replace the Causeway?..

    Posted 7 years ago by MELVILLE JAYATHISSA · Reply

  • What's the problem, Tun? Did you NOT want Singaporean to buy Malaysian shares thereby increasing their values (besides more commissions for our brokers) indirectly increasing the value of our EPF and unit trusts? Hong Kong is connected to Shenzhen and Shanghai and all three benefited.

    Posted 7 years ago by Malaysian First · Reply