KUALA LUMPUR (Feb 6): The Malaysian Investment Banking Association (MIBA) has commended the string of proposed measures to stimulate vibrancy in the Malaysian capital markets that were announced by Prime Minister Datuk Seri Najib Razak at the World Capital Markets Symposium here earlier this morning.

The Prime Minister earlier announced that Malaysia and Singapore are mulling the establishment of a connected market corridor, called 'Malaysia-Singapore Connect', with a trading link between the exchanges of the two countries.

"MIBA welcomes the establishment of the 'Malaysia-Singapore Connect', a great market initiative from the government, which will widen investment options for investors and create vast opportunities for our capital market," MIBA chairman Tan Sri Azman Hashim said in a statement today.

Azman complimented the government's continued support for the mid and small cap stocks with the waiver of stamp duty on the trading of said stocks for three years beginning March 2018, which he said will further spur interest in this sector.

Besides that, he lauded the liberalisation of the margin financing rule, which is expected to further encourage the development of new and innovative products.

"Going forward, MIBA will continue to work closely with the government towards developing a dynamic, innovative and vibrant capital market," Azman added.