Asia

Markets & Investing

Staff Reporter

, Malaysia

Published:

11 years ago

Malaysia to set up mercantile exchange

The plan aims to deepen the domestic capital market of Malaysia, says OCBC Treasury Research.

OCBC Treasury Research noted:

In an attempt to deepen the domestic capital market, PM Najib announced plans to set up a mercantile exchange within the next 12 months to allow trading in gold futures and other precious metals.

Additionally, an electronic trade platform will also be formed to allow fund-raising for non-listed firms.

Meanwhile, on the data front, June inflation came in at 1.6% yoy, slightly lower than our expectations of a 1.7% showing.

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