Vibrant capital market in the works

PETALING JAYA: The Securities Commission has launched its third Capital Market Masterplan to empower all Malaysians to invest for their future and promote digital inclusion to reflect the rapidly changing and competitive environment.

Also present at the launch was Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, who said that the capital market plays an important role as one of the key enablers for structural reforms of the economy. Using Dana Penjana Nasional as an example of a PPP partnership, Zafrul explained the agency has invested in another technology unicorn Xendit, following its successful investment in Carsome.

This came just a week after Singapore and Hong Kong introduced rules for SPACs to list in their exchanges.The revision is timely especially with more technology companies in Southeast Asia opting for a listing in the US. Rakuten Trade Sdn Bhd head of equity sales Vincent Lau said the revision to the SPACs framework is timely especially with the increasing numbers of technology startups that are ready to go public.

“A successful capital market is measured through its capability to retain the current locally-sourced funds and have the capability to attract external funds,” he said.

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