ASEAN Exchange to build online presence 16 February 2015Kuala Lumpur Reporter: Stephanie Palmer
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The CEOs of the ASEAN Exchange members met with the Malaysian Prime Minister Najib Razak in Kuala Lumpar to discuss greater digitalisation and social media in order to increase awareness among investors.
Changes intend to harmonise and integrate ASEAN capital markets to support growth of economies. They include a greater use of Twitter to consolidate news and start online conversation around ASEAN investment products.
The exchange also approved enhancement of its website, offering investors a single point of view for all member countries.
The meeting, on 11 and 12 February, comes after Malaysia took over the chairmanship of ASEA in January, and followed the ASEAN Economics Community agenda.
CEO of Bursa Malaysia Dato’ Tajuddin Atan 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.”
The seven ASEAN Exchanges now have a combined market capitalisation of about $2.4 trillion, with more than 3,000 listed companies spanning various sectors from energy and manufacturing to telecommunications.
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