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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.
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]
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]
Peninsular Malaysia used the local mean time in Kuala Lumpur until 1 January 1901, when they changed to Singapore mean time GMT+06:55:25; this changed to GMT+07:00 in 1905. Between the end of the Second World War and the formation of Malaysia on 16 September 1963, it was known as British Malayan Standard Time, which was GMT+07:30
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 planned MRT station was provisionally named Bandar Malaysia Selatan that will serve the Putrajaya Line in the transport hub. While the MRT Putrajaya Line will begin full operations on 16 March 2023, the planned stations at Bandar Malaysia will not be included in the opening, following the cancellation of the Kuala Lumpur-Singapore high speed railway.
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).
System Map, including lines under construction. This is a list of all stations on the Mass Rapid Transit (MRT) system in Singapore. [1] As of 2024, the Singapore MRT has approximately 242.6 km (150.7 mi) of system length spread across six operational lines, the 19th highest in the world.