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In 1981, Malaysia decided to standardise the time across its territories to a uniform UTC+08:00. Singapore elected to follow suit, citing business and travel schedules. [14] [15] The change took effect on New Year's Day (1 January) 1982 when Singapore moved half an hour forward on New Year's Eve (31 December) 1981 at 11:30 pm creating "Singapore Standard Time" (SST) or "Singapore Time" (SGT). [16]
The ASEAN Common Time (ACT) is a proposal to adopt a standard time for all Association of Southeast Asian Nations member states. [ 1 ] [ 2 ] It was proposed in 1995 by Singapore , and in 2004 and 2015 by Malaysia to make business across countries easier.
Kuala Lumpur Stock Exchange (KLSE) became a demutualized exchange and was renamed Bursa Malaysia in 2004. It consists of a Main Board, a Second Board and MESDAQ (now ACE Market) with total market capitalization of (USD$397.39 billion). On 7 May 2024, Bursa Malaysia hit RM2 trillion in market capitalisation for the first time. [6] [7]
The local mean time in Kuala Lumpur was originally GMT+06:46:46. Peninsular Malaysia used this local mean time until 1 January 1901, when they changed to Singapore mean time GMT+06:55:25; this changed to GMT+07:00 in 1905.
It was first introduced on 4 April 1986 as the Kuala Lumpur Composite Index (KLCI), with a base value of 100, dated on 1 January 1977. In 2006, Bursa Malaysia partnered with FTSE to provide a suite of indices for the Malaysian market, to enhance the KLCI. FTSE Bursa Malaysia KLCI was one of the indices created to replace the KLCI.
The Kunming–Singapore railway, also referred to as the Pan-Asian Railway, is a network of railways that connects China, Singapore and all the countries of mainland Southeast Asia. The concept originated with the British and French colonial empires, which sought to link the railways they had built in southwest China , Indochina and Malaya ...
A high-speed rail link between Kuala Lumpur and Singapore was proposed in the late 1990s but due to high costs, the proposal was shelved. [7] In 2006, YTL Corporation, operator of the Express Rail Link in Kuala Lumpur, revived the proposal, with a projected speed of 250 km/h (155 mph).
Both governments have reached an understanding on the Malaysian immigration checkpoint on the Kuala Lumpur-Singapore railway line, which is to be moved from Tanjong Pagar to Kranji. The issue over Malayan Railway land—a very sensitive one for Kuala Lumpur —was then thought to be resolved by Singapore's agreement to offer Malaysia another ...