Malaysia and Singapore post separation 1965

In 1996 KLSE was the largest stock exchange in ASEAN at USD 300 b. (about RM 750b) By end 2005 Bursa Malaysia market cap is about USD 180b (RM 680 b) In 1996 SGX market cap was at USD 153b. By end 2005 it has reach USD 257b. In 1973 KLSE splited with SES. But the full delisting was completed by 1990. 

From 1990 the CLOB was created until the onset of Asian Financial Crisis 1997-1998. Malaysia imposed capital control in September 1998. One can say that prior to the 90s, KLSE and SES acted as though both were a single market. Hence when KLSE splitted with SES 50% of the stock of Malaysian companies was delisted from SES compared to 11% of Singapore company in KLSE. The CLOB for the 112 malaysian companies shares used to be traded in SES, reached RM 17b (SGD 7.5b) by 1999 with about 172k Singaporean investors. 

 In 1999 CPF hold about RM 3b for those West Malaysian who has returned to Malaysia. East Malaysian are free to withdraw their CPF monies when they return to Sabah and Sarawak. West Malaysian can only withdraw the money once they reach 55 years old. 

 Update end Dec 2006 

KLCI 1070 1 USD =RM 3.52 Market cap : RM 860b

STI 2940 1USD = SGD1.55 Market cap : SGD 589b 

 FDI stock in SG by 2004 USD160b 

FDI stock in MY by 2004 USD 46b 

 Some historical chronology 

1937 Malayan Airways Limited was born 

1939 Board of currency Malaya was created for Malaya, SG, Brunei and Labuan

1946 Singapore became British Crown colony

1948 Federation of Malaya was born

1949 University Malaya was born, POSB split to Malaya and Singapore

1951 EPF created

1952 Board of currency Malaya and Borneo created

1955 1st Malaya federal election, CPF created

1957 Independence Malaya 

1959 BNM established, Singapore granted self rule

1959 University Malaya is split into 2 division in KL and SG

1960 Malayan Stock Exchange was formed 

1962 University Malaya KL and University Singapore was formed 

1963 Formation of Malaysia (Malaya, Singapore, Sabah & Sarawak) 

1965 Singapore left Malaysia 

1967 Monetary union of Malaysia, Singapore and Brunei ended. New RM, SGD, BND circulation Interchangeability begin  

1969 May 13 Riot leading to Emergency 

1970 NEP began, Singapore High court split from the Malaysia Federal court system

1971 MSA split into SIA and MAS; Bretton Woods agreement ended in Aug; MAS formed

1973 Stock Exchange of Malaysia and Singapore (SEMS) split into KLSE and SES. 

Currency interchangability was terminated in May. SGD and BND maintained interchangability

1974 Temasek created

1975 ICA (Industrial coordination act began) 

1978 Singapore ended Sterling area exchange rate control, PNB created

1981 MAS  monetary policy based on exchange rate; GIC created

1984 Brunei independence

1985 Plaza Accord

1993 Khazanah formed

1998 Asian Financial Crisis and capital control 

2005 Unpeg the ringgit

2008 Global Financial Crisis