Friday, April 8, 2011

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 ( 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.

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