KUALA LUMPUR, June 19 — Reducing stamp duty rate for shares traded on Bursa Malaysia Securities, promoting corporate ventures and easing the listing process were among the measures announced by Prime Minister Datuk Seri Anwar Ibrahim today to beef up the capital market and create more wealth for the rakyat.
Anwar, who is also the Finance Minister, said this change will directly reduce the cost of securities transactions and make the Malaysian stock market more competitive.
“Finally, I recognise that the longer-term market and structural reforms would be required for Malaysia’s capital market and economic transformation,” he said.
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