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SC to develop Asean capital market action plan next year

KUALA LUMPUR: Securities Commission Malaysia (SC) will focus on developing a new Asean capital market action plan when Malaysia assumes chairmanship of the regional bloc next year.

The SC, as chair of the Asean Capital Market Forum (ACMF), will lead the initiative to develop the ACMF's five-year action plan from 2026-2030.

SC managing director Datin Azalina Adham said the ACMF plan will include elements of sustainability.

Speaking to the New Straits Times after a closed door workshop with the Media Prima Bhd board of directors on sustainability and the Asean chairmanship, Azalina said Malaysia will assume the Asean chairman in January next year, taking over from Laos.

"For us, two things we need to see are sustainability which is very important not only for Malaysia but also Asean and the capital market plan for Asean for at least another five years... this is what I want to share so that Malaysia can prepare itself for next year.

"I think we can push the agenda through Asean for the tech giants to give due consideration. If we were to speak up on our own, it might be difficult compared to using the more effective Asean platform," she said.

Earlier, Azalina was a speaker at the "Board Of Directors Workshop" organised by Media Prima, along with federal police Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf.

Present at the session were Media Prima Group chairman Datuk Seri Dr Syed Hussian Aljunid, its managing director Rafiq Razali, New Straits Times Press group managing editor Datuk Ahmad Zaini Kamaruzzaman and New Straits Times group editor Farrah Naz Karim.

Azalina said Malaysia should find the best opportunity to be a strong voice, especially in the aspects of politics, security, finance and economy in Asean next year.

"Malaysia needs to use this opportunity to its best interests," she said.

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