Asean pioneers lay foundation for economic union with capital markets move

Bursa Malaysia
Bursa Malaysia

Three core members of the Association of South East Asian Nations (Asean) are pressing ahead to build a "near-seamless regional capital market" which they hope will be an early foundation stone in building a deep economic union across the bloc.

The move by Thailand, Malaysia and Singapore, is in line with recommendations published last week by a joint Asean-Asian Development Bank progress report on creating an Asean Economic Community.

The report, authored by a team led by eminent Korean

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