Bursa Malaysia (MYX: 1818) is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services.
Bursa Malaysia (MYX: 1818) previously known as Kuala Lumpur Stock Exchange (KLSE, Bursa Saham Kuala Lumpur in Malay) dates back to 1930 when the Singapore Stockbrokers' Association was set up as a formal organisation dealing in securities in Malaya. The first formal securities business organisation in Malaysia was the Singapore Stockbrokers' Association, established in 1930. It was re-registered as the Malayan Stockbrokers' Association in 1937. The Malayan Stock Exchange was established in 1960 and the public trading of shares commenced. The board system had trading rooms in Singapore and Kuala Lumpur, linked by direct telephone lines.
In 1964, the Stock Exchange of Malaysia was established. With the secession of Singapore from Malaysia in 1965, the Stock Exchange of Malaysia became known as the Stock Exchange of Malaysia and Singapore. In 1973, currency interchangeability between Malaysia and Singapore ceased, and the Stock Exchange of Malaysia and Singapore was divided into the Kuala Lumpur Stock Exchange Berhad and the Stock Exchange of Singapore. The Kuala Lumpur Stock Exchange which was incorporated on December 14, 1976 as a company limited by guarantee, took over the operations of the Kuala Lumpur Stock Exchange Berhad in the same year.
Bursa (Turkish pronunciation: [ˈbuɾsa]) is a city in northwestern Turkey and the seat of Bursa Province. The metropolitan area in the entire Bursa province had a population of 2.6 million as of 2010, making the city the fourth most populous in Turkey. The city is equally one of the most industrialized metropolitan centers in the country.
Bursa was the capital of the Ottoman State between 1326 and 1365. The city was referred to as "Hüdavendigar" (meaning "God's Gift") during the Ottoman period, while a more recent nickname is "Yeşil Bursa" (meaning "Green Bursa") in reference to the parks and gardens located across its urban tissue, as well as to the vast forests in rich variety that extend in the surrounding region. The city is synonymous with Mount Uludağ which towers behind its core and which is also a famous ski resort. The mausoleums of the early Ottoman sultans are located in Bursa and the numerous edifices built throughout the Ottoman period constitute the city's main landmarks. The surrounding fertile plain, its thermal baths, several interesting museums, notably a rich museum of archaeology, and a rather orderly urban growth are further principal elements that complete Bursa's overall picture.
Malaysia (i/məˈleɪʒə/ mə-LAY-zhə or i/məˈleɪsiə/ mə-LAY-see-ə) is a federal constitutional monarchy in Southeast Asia. It consists of thirteen states and three federal territories and has a total landmass of 329,847 square kilometres (127,350 sq mi) separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and Malaysian Borneo. Land borders are shared with Thailand, Indonesia, and Brunei, and maritime borders exist with Singapore, Vietnam, and the Philippines. The capital city is Kuala Lumpur, while Putrajaya is the seat of the federal government. In 2010 the population exceeded 27.5 million, with over 20 million living on the Peninsula.
Malaysia has its origins in the Malay Kingdoms present in the area which, from the 18th century, became subject to the British Empire. The first British territories were known as the Straits Settlements, whose establishment was followed by the Malay kingdoms becoming British protectorates. The territories on Peninsular Malaysia were first unified as the Malayan Union in 1946. Malaya was restructured as the Federation of Malaya in 1948, and achieved independence on 31 August 1957. Malaya united with Sabah, Sarawak, and Singapore on 16 September 1963, with si being added to give the new country the name Malaysia. However, less than two years later in 1965, Singapore was expelled from the federation. Since independence, Malaysia has had one of the best economic records in Asia, with GDP growing an average 6.5% for almost 50 years. The economy has traditionally been fuelled by its natural resources, but is expanding in the sectors of science, tourism, commerce and medical tourism.