SINGAPORE (June 6): The Monetary Authority of Singapore (MAS) has asked the Securities Commission Malaysia (SC) to clarify its position on the planned stock market trading link between Bursa Malaysia and Singapore Exchange, and will await the SC’s update on the matter.

This was MAS’s response to media queries after Malaysian Prime Minister Mahathir Mohamad said on Wednesday his new government would study the trading link project which was announced by the previous administration of Najib Razak.

Announced in February, the trading link was to start at the end of the year. Under the proposed arrangement, investors from both countries will be able to trade and settle shares listed on each other’s stock market in a more convenient and cost-efficient manner.

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