It has been an eventful week for the Malaysian capital market and banking industry with the Government announcing a slew of measures aimed at strengthening the economy and adding depth to the capital markets. The transformation of the financial landscape was signalled by Prime Minister Datuk Seri Abdullah Ahmad Badawi when he announced at the Invest Malaysia 2005 conference the names of the foreign brokers. The following day, Bank Negara also unveiled a series of measures designed to overhaul the exchange market. On Thursday, at the last day of the conference, Second Finance Minister Tan Sri Nor Mohamed Yakcop continued where the Prime Minister left off on the five stockbroking companies.
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