BURSA Malaysia expects cross-trading with the Singapore Exchange (SGX) to kick off next year, despite the current Bank Negara requirement for Malaysians to declare any foreign remittance of more than RM10,000.
“This has been taken into account in our discussions and the SGX accepts it,” chief executive officer Yusli Mohamed Yusoff said, adding that the outflow limitation would not disadvantage SGX, as the tie-up would be arranged to benefit both parties.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!