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Jakarta Post

ASEAN moves a step closer to market integration

Jakarta   /   Mon, April 11 2011   /  08:00 am

Seven stock exchanges from Association of Southeast Asian Nations (ASEAN) member countries have launched a new joint website promoting the region’s blue chip equities to global investors.

The website was officially launched during the ASEAN Finance Ministers meeting here on Friday, marking one step towards the association’s commitment to integrating their stock exchanges by 2015.

Members of the joint website, branded the “ASEAN Exchanges”, are Vietnam’s Hanoi Stock Exchange and Hochiminh Stock Exchange, Bursa Malaysia, the Indonesia Stock Exchange, the Philippine Stock Exchange Inc., Singapore Exchange and the Stock Exchange of Thailand.

“The whole idea is how to link more efficiently to the rest of the world. Not only intra-ASEAN, but also to the rest of the world,” Singapore Stock Exchange president Gan Seow Ann told a news conference after the launch...