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NEWS 1: MEETING OUR REGIONAL MEMBERS In light of the unprecedented changes currently effecting our industry, the ASCM's management committee resolved to reintroduce regional meetings in a bid to facilitate healthy discussion among members, with regards to the changes in our industry. Our first regional meeting was in Penang in February, and we have since also addressed members from the central region recently. By enlarge we have found these meetings to be very fruitful towards forming a "brokers view". Among the topics discussed at previous meetings include the rampant rate cutting activities among members, the consolidation process as well as other matters raised by members. Another topic which has been discussed is ASCM's E-broking project, with has so far received a favourable response from members. Basically, the aim of this project is to provide members a cheaper alternative to facilitate internet broking. NEWS 2: KLSE's 4TH ANNUAL DIALOGUE 2001 On the 6th of June, the Bursa Malaysia hosted ASCM's committee members at the fourth annual dialogue. Similar with previous dialogues, we forwarded KLSE a list of issues to be discussed, complied from members companies. As usual, discussions will be frank and candid, in a bid to find solutions to various questions and concerns. It is hoped that armed with the Association's feedback and comments, the KLSE can proceed to formulate various plans and changes that will help strike a balance between the need for more stringent requirements and practical business considerations. During his opening remark Datuk Azlan Hashim admitted that it would be difficult to get a perfect balance of views and as such each party to the dialogue must ensure that both parties must work towards the advancement and the development of the local capital market. Once this basis is use by both parties it would be easier to come to an amicable solution to the issues surrounding the market and its intermediaries. Datuk Mohaiyani in her opening speech, suggested that for the dialogue to more effective it should be open to all member companies as opposed to only the committee members of the ASCM. She also suggested that a return to the good old days where KLSE conducted regional meetings could be re-adopted. This suggestion was welcomed by Datuk Azlan, who then went on to highlight that such meetings could bring all parties closer by using a direct approach.
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