- Establishing a new unit in Kuala Lumpur Stock Exchange (KLSE) to be responsible for enhancing communications with international fund managers
- Standardising stamp duty rates for all transactions at KLSE involving foreign investors, whether they are undertaken through foreign brokers or directly through local brokers.
- Abolishment of the 10% levy on profits repatriated from portfolio investment after one year.
"Certainly as an approach to correct the perception gap on the local equity market, the establishment of a unit to enhance communications with international fund managers is a very good idea. KLSE will immediately look into the setting up of this unit".
"The establishment of this unit will strongly support many of KLSE’s existing efforts towards a more informed investing environment at the KLSE," he said.
On the standardisation of the stamp duty rates for local and foreign brokers, Mohd Azlan said this is an important step which will benefit local investors, fund managers and the stockbroking companies. "This effort will clearly provide greater impetus for local participants in the securities industry to gear up efforts to expand their business and improve their efficiency and competitiveness in offering services to their clients," he said.
In reviewing the benefits of the abolishment of the 10% levy on profits repatriated after one year, Mohd Azlan views this as reflecting continued commitment of the government to improve the investment climate. "Market observers and industry participants have expressed the view that the exit levy is an administrative concern. As such, the abolishment of the levy will facilitate a more conducive investment environment. "This certainly demonstrates the government’s willingness to take into account market requirements and industry suggestions and feedback. As a whole, this will contribute towards the return of renewed confidence to invest in the Malaysian securities market," Mohd Azlan added.
