Malaysia will merge Bursa Malaysia's Main and Second boards, revamp the Mesdaq market, relax bond-market approvals and establish a third credit rating agency

BURSA Malaysia’s Main and Second boards will be combined into one catering for big established companies while the Mesdaq market will revamped for smaller companies in efforts to improve the equities market.

The streamlining of the board structure by merging the Main and Second Boards will establish a unified board for more established companies with strong track records, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.

He was announcing several measures to further improve the Malaysian equities market and make it more attractive for foreign equity investors.

The revamp of the Mesdaq market will allow relatively smaller companies to access the equities market at an earlier stage of their life cycle, Abdullah said in his keynote address at the “Invest Malaysia 2008” annual conference today.

Source: http://www.btimes.com.my/