The Philippines joins Asean CIS framework thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: The Securities and Exchange Commission Philippines (SEC Philippines) has been admitted as a new signatory to the Asean Collective Investment Schemes (CIS) Framework, which seeks to enhance capital market connectivity in the region.
In a statement, the Asean Capital Markets Forum said the Asean CIS Framework is an initiative under the regional capital markets integration plan endorsed by the Asean Finance Ministers in 2009 to facilitate cross-border product access and fund distribution for investors and issuers respectively.
The framework enables fund managers operating in a member jurisdiction to offer a CIS constituted and authorised in that jurisdiction to retail investors in other member jurisdictions under a streamlined authorisation process.
People wearing protective masks shop for new clothes ahead of the Eid al-Fitr festival, marking the end of holy fasting month of Ramadan, at Tanah Abang textile market in Jakarta, Indonesia, Tuesday, May 11, 2021. Muslims in Indonesia will be celebrating Aidilfitri this Thursday (May 14). - Reuters
Malaysia:
First batch of Sinovac vaccines prepared in Malaysia ready to roll out
Moody s: Malaysia’s nationwide lockdown may undo recent economic progress
Bank Negara: Malaysia on track for 6% to 7.5% GDP growth
Bank Negara: Ringgit remains exposed to heightened volatility
Economy shows recovery as 1Q GDP shrank slightly at 0.5%
Covid-19: Infectivity rate in eight states above national average of 1.13, says Health DG