Tok Mat calls for setting up of Asean stock exchange

Free Malaysia Today

Foreign minister Mohamad Hasan says a regional bourse could include the top 50 blue chip companies from each member country.   Read More: https://www.freemalaysiatoday.com/category/nation/2025/02/07/tok-mat-calls-for-setting-up-of-asean-stock-exchange/   Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/02/07/tok-mat-seru-tubuh-bursa-saham-asean/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP   #FMTNews #TokMat #Asean #StockExchange

Transcript

00:00Foreign Minister Mohamed Hassan has proposed the creation of an ASEAN stock exchange to

00:06bolster the 10-nation group's economic growth.

00:10He said a regional stock exchange could comprise the top 50 blue-chip companies from each ASEAN

00:15country and that they could be given special incentives and tariff treatment.

00:20He explained that the setup would enable ASEAN-listed companies to raise funds across all ASEAN

00:25markets while attracting capital from other regions, as investors worldwide are drawn

00:30to trade on the ASEAN bourse.

00:33Mohamed said ASEAN, currently the fifth-largest economy in the world, could rise to the fourth-largest

00:38by 2030, driven by robust growth initiatives like the stock exchange.

00:44He said the move would contribute to making ASEAN a more unified, harmonious and developed

00:48economic bloc.

00:50Mohamed also said it was imperative that ASEAN nations work together instead of competing

00:55against each other, citing the example of Malaysia and Indonesia, which are the two

00:59largest palm oil producers in the world.

01:03He suggested that an ASEAN commodity exchange could ensure that nobody can dictate the nation's

01:08trade terms while leveraging its vast market to gain a significant global advantage.

01:14Dhanush Rajareza, FMT News.

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