Bourses renew MoU on development
The Stock Exchange of Thailand (SET) yesterday signed the renewal of a memorandum of understanding (MoU) with Indonesia Stock Exchange (IDX) to enhance synergised efforts on capital market development, especially cross-border transactions, information technology and business opportunities between the two exchanges, as well as knowledge and experience sharing.
SET President Kesara Manchusree said that the MoU between SET and IDX, spanning another five years from yesteday to March 6, 2023, underscores SET's strategic plan to enhance fund-raising and investment in order to create business opportunities for long-term growth in the region. The extension of the MoU period would further foster our long-term relationship and boost cross-border transactions from financial instruments such as Depository Receipts (DRs) and Exchange Traded Funds (ETFs) with Thai or Indonesian underlying assets.
The agreement also embraces cooperation for product and technology development using new technology for business operation, as well as information sharing to further strengthen the development of the two capital markets.
