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Singapore, Bangkok, Kuala Lumpur, Manila, Nov 17, 2011 - (ACN Newswire) - Following the November 2011 ASEAN Exchanges CEOs meeting, the ASEAN Exchanges CEOs today announced that the collaboration framework is on track towards meeting its goals of collectively promoting ASEAN as a highly investable asset class.
The Philippine Stock Exchange President and CEO, Hans Sicat said, "the marketing of the ASEAN Stars and the work on an ASEAN index series continues as planned with the ASEAN Exchanges collaboration members. The 2012 marketing activities for ASEAN Exchanges will be finalised at our scheduled CEOs meeting on December 2nd in Hanoi."
The seven ASEAN Exchanges have a combined market capitalization of approximately USD2.0 trillion and more than 3,600 companies listed on their exchanges. Some of these companies are the largest and most dynamic companies in the world, including leaders in finance and banking, energy, telecommunications, commodities, automotive manufacturing and other industrial sectors.
The CEOs also announced the awaited roll-out plan of the ASEAN Trading Link which will see the participation of member exchanges taking place progressively in stages. The first stage will see the connectivity of Singapore Exchange and Bursa Malaysia in June 2012 and the Stock Exchange of Thailand added in August 2012 after its new trading engine goes live. The
participation dates of the other ASEAN Exchanges collaboration members, namely, Hanoi Stock Exchange, HoChiMinh Stock Exchange, Indonesia Stock Exchange and The Philippines Stock Exchange will be announced at a future date.
Tajuddin Atan of Bursa Malaysia Berhad said, "The three bourses that will participate in the first stage of the ASEAN Trading Link represent approximately 70% of the market capitalization of the 7-member collaboration, thus offering substantial investment opportunities for investors."
Contact:
BMB
Geeta Balakrishnan
Head, Group Communications
Tel: +603 2034 7374
Mobile: +6012 389 6240
Email: geetabalakrishnan@bursamalaysia.com
PSE
Elizabeth Lacson
Head, Public & Investor Relations Section
Tel: +632-688-7583
Mobile: +63917-8622921
Email: eslacson@pse.com.ph
Nina Bocalan-Zabella
Assistant Head, Public & Investor Relations Section
Tel: +632-688-7582
Mobile: +63922-8412310
Email: nrbocalan@pse.com.ph
SET
Ladawan Kantawong
Head, Corporate Communications Dept
Tel: +662-229-2036
Fax: +662-359-1004-6
E-mail: ladawan@set.or.th
Kanokwan Khemmalai
Deputy Head
Corporate Communications Dept
Tel: +662-229-2048
Fax: +662-359-1004-6
E-mail: kanokwan@set.or.th
SGX
Loh Wei Ling
Vice President
Communications
Tel: +65 6236 8157
Mobile: +65 9176 2800
Fax: +65 6533 4310
Email: Loh.WeiLing@sgx.com
Topic: Shareholders Meeting
Source: ASEAN Exchanges
Sectors: Daily Finance
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From the Asia Corporate News Network
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