X Close

Archives

Thursday November 6, 2008

Expanding derivatives

KUALA LUMPUR: Bursa Malaysia is looking at expanding the derivatives and Islamic securities markets in the long term.

Chief executive officer Datuk Yusli Mohamed Yusoff said it would target the commodities sector in the derivatives market, and real estate investment trusts (REITs) and exchange-traded funds (ETFs) for Islamic securities.

According to Yusli, it is important to continue expanding the CPO derivatives market to keep its relevance.

“Over time, these commodity markets (in Malaysia) have become less relevant (globally) and so, we must continue to develop our CPO market,” Yusli told a press briefing Tuesday.

“The CPO is a major contributor to the Malaysian economy and it is important that we do not lose the price setting of the edible oil in the country,” he added.

Yusli said there were also plans for an Asian Islamic ETF that could be the first of its kind in the world.

advertisement

  1. Malaysian passport 9th best in the world
  2. Japanese oil tanker robbed, three crew believed kidnapped in dramatic dawn raid
  3. KL set to be in 'security lockdown'
  4. Wanted: A rational water plan
  5. 'Godfather' believed to have killed 13-year-old boy
  6. Every kind of success in life depends on our virtues as a person
  7. Brave boy comforts family
  8. College staff turn to loan sharks after salaries unpaid for four months
  9. David Moyes parts ways with Manchester United, Ryan Giggs temporarily takes charge
  10. Selangor MB Khalid: Can't stop water rationing yet, but will review next week

advertisement

advertisement