Economic Affairs

Is Malaysia-Singapore trading link haunted by the ghost of Clob?

The move by PM Mahathir to review the planned stock market trading link between Malaysia and Singapore suggests concerns over the potential impact of the 1990s set-up still linger

Having postponed the high-speed rail (HSR) link with Singapore, Malaysian Prime Minister Mahathir Mohamed announced last week that he now wants to review the planned stock market trading link between the two countries, which is supposed to be operational by the end of the year. Like the HSR, this too might end up on the back-burner. What if it does, or it ends up being scrapped altogether, both of which are possible?

The trading link, first proposed in February after a retreat between Prime Minister Lee Hsien Loong and his then Malaysian counterpart Najib Razak, was generally well received by the financial industry in both countries.

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A version of this article appeared in the print edition of The Straits Times on June 13, 2018, with the headline 'Is Malaysia-S'pore trading link haunted by the ghost of Clob?'. Print Edition | Subscribe