PUTRAJAYA (June 6): The new Pakatan Harapan government will be reviewing the proposed Malaysia-Singapore stock market trading link, according to Prime Minister Tun Dr Mahathir Mohamad.

"The government will study and review the [proposed] Malaysia-Singapore stock exchange," he told reporters after a cabinet meeting today.

The idea to link Malaysia and Singapore's stock markets, known as the "Malaysia-Singapore Connect", was announced on Feb 6 under the administration of former prime minister Datuk Seri Najib Razak, following discussions with Singapore Prime Minister Lee Hsien Loong.

The initiative was a measure to spur further mutual benefits and harness the economic potential of both countries, Najib said then.

At the time, Bursa Malaysia had issued a statement saying the link would allow investors to trade shares on both stock markets in a more convenient and cost-efficient manner.

Meanwhile, when asked if the government has discussed about a replacement for Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan, Dr Mahathir said: "We have not discussed [it], and there is nothing on the table."

Earlier today, Reuters reported, quoting sources, that Malaysia is looking to replace the CEO of the national stock exchange. The sources, however, gave no reason why the government was considering replacing Tajuddin. His term is due to end March next year.

http://www.theedgemarkets.com/article/dr-m-malaysia-review-planned-stock-market-trading-link-singapore