Newsroom
08 Feb 2018
The Star : Association lauds stamp duty waiver and liberalisation moves
 
Association lauds stamp duty waiver and liberalisation moves
The Star Online  Thursday, 8 Feb 2018 

KUALA LUMPUR: The Malaysian lnvestment Banking Association (MIBA) applauds the measures announced by Prime Minister Datuk Seri Najib Tun Razak at the World Capital Markets Symposium held here on Tuesday.

MIBA chairman Tan Sri Azman Hashim said in a statement that MIBA welcomes the establishment of the “Malaysia-Singapore Connect”, a great market initiative from the Government, as it will widen investment options for investors and create vast opportunities for Malaysia’s capital market.

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Tan Sri Azman Hashim
 
“This is a positive move that will attract more investments to this region,” he added.

Following the launch of the MidS Research Scheme last year, MIBA is with the Government’s continued support for the mid and small cap stocks.

The waiver of stamp duty on the trading of small and mid-cap stocks for three years beginning March this year will further spur interest in the sector.

The liberalisation of the margin financing rules is also a laudable move that will further encourage the development of new and innovative products.

Going forward, Azman said MIBA will continue to work closely with the Government towards developing a dynamic, innovative and vibrant capital market.