Idea of Bursa-SGX merger 'far-fetched'

Singapore

THE possibility of a merger between Bursa Malaysia and Singapore Exchange (SGX) to create an Asian power exchange with a combined market valuation of more than US$1.5 trillion is "far-fetched" for now, Bursa's chief executive Tajuddin Atan has said.

A more realistic option would be to collaborate and share connectivity and to deepen ties among the Asean exchanges, he told Singapore reporters on Friday.

"At this point of time, as most Asean exchanges are viewed as national assets and have a certain mandate, I think it will be a little far-fetched to look at the angle of mergers and acquisitions," he said, in response to a question of wh…