Malaysia announces new market boosting mechanisms

The Malaysian government has announced new measures to bolster its stock markets. The twist? They seem to make sense.

Abdullah Badawi, acting Prime Minister and acting Finance Minister of Malaysia announced on Tuesday 10 new measures aimed at bolstering the country's financial markets in the face of persistent underperformance.

Uncertainties that have characterized the global and regional market environment over the past few months have had an impact on our market, Badawi told a press conference in Kuala Lumpur. These measures are aimed at ensuring the continued growth of the economy and an efficient resilient and competitive capital market.

The ten new measures are

  1. Stamp duty on all securities trading on the KLSE will be capped at RM200 per transaction, effective March 17th, 2003.
  2. ...

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