Bursa Malaysia, 6 bourses launch Asean brand identity

KUALA LUMPUR: Bursa Malaysia and six other Southeast Asian stock
markets have collaborated to launch the Asean brand identity, Asean
Exchanges website and Asean Stars to promote the growth of the regional
capital market.
Bursa Malaysia said on Friday, April 8 these initiatives were part of
the collaboration of Asean Exchanges to bring more regional investment
opportunities to more people.
The members of the Asean Exchanges are Bursa Malaysia, Hanoi Stock
Exchange, Hochiminh Stock Exchange, Indonesia Stock Exchange, The
Philippine Stock Exchange Inc., Singapore Exchange and The Stock
Exchange of Thailand.
Bursa Malaysia said the Asean brand identity encompassed a logo that
represented the spirit of cooperation between Southeast Asian nations,
based on a common element among these nations – the colors of each
nation’s flags.
This launch event was announced at the 15th Asean Finance Ministers’
Meeting in Bali and was attended by Asean finance ministers and Asean
exchanges.
The Asean Exchanges website ([You must be registered and logged in to see this link.] feature the
Asean Stars and other Asean centric products and initiatives. Investors
would have an integrated single-window view into the Asean capital
market with a combined market capitalisation of about US$1.8 trillion
and participation of more than 3,000 companies.
Some of these companies are the largest and most dynamic companies in
the world including leaders in finance and banking, telecommunications,
commodities, automotive manufacturing and other industrial sectors.
ASEAN Stars comprise of 30 most exciting stocks from each exchange
ranked in terms of market capitalisation and liquidity. These two
initiatives are expected to serve as a tool for the promotion of ASEAN
investment opportunities.
Asean Exchanges will jointly promote the development of Asean as an
asset class through a collaborative framework with the intent of
increasing liquidity to member exchanges.
Bursa Malaysia chief executive officer Datuk Tajuddin Atan said the
Malaysian stock exchange viewed the cooperative nature of this
collaboration as critical towards greater global attention to Malaysia
as part of an exciting Asean investment destination.
“We hope international investors will appreciate the strong
proposition of high growth and potential of Malaysia as an ASEAN asset
class to drive greater intra-Asean trading and investment activity,
consequentially spurring higher liquidity to this region,” he said.
Asean Exchanges’ CEOs comprise of Tajuddin, Dr Tran Dac Sinh of
Hochiminh Stock Exchange, Tran Van Dzung of Hanoi Stock Exchange, Ito
Warsito of Indonesia Stock Exchange, Hans B. Sicat of Philippine Stock
Exchange, Magnus Bocker of Singapore Exchange and Charamporn
Jotikasthira of the Stock Exchange of Thailand. (the edge)