A vibrant and liquid stock market is vital to securing Singapore's continued success as a global financial centre, and it is "evident" that this business needs more work, the chairman of the local bourse said.
Beyond generating profits for the Singapore Exchange (SGX), the purpose of the local stock market is to serve as a trusted and efficient marketplace for growing enterprises to readily raise capital and advance further.
Should it fail to enable venture capital and private equity to exit their investments and recycle the capital deployed, the supply of such capital will eventually dry up and threaten the start-up ecosystem that Singapore has built and nurtured over the past decades.
That was the gist of SGX chairman Koh Boon Hwee's letter to shareholders in the exchange's latest annual report for the year ended June 30.
It was the first time in 14 years that the chairman had issued a separate letter from the chief executive in SGX's annual report.
Denne historien er fra September 18, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 18, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
NUS team discovers way to rejuvenate eggs of older women
Researchers' breakthrough could boost success of assisted reproductive tech
US senator slammed for saying Muslim advocate supports extremism
Republican Senator John Kennedy accused a leading Muslim civil rights advocate of supporting extremism during a Senate hearing on hate incidents in the US, drawing criticism from many rights groups.
Canadian PM shows no sign of stepping down despite election loss
Doubts about the leadership of Canadian Prime Minister Justin Trudeau intensified after his ruling Liberal Party suffered a second humiliating loss in a special election, but the unpopular leader is determined to cling to office ahead of a looming national vote.
Golf – a refuge for US presidents but a headache for the Secret Service
Security risks abound on golf courses, with their wide-open spaces offering easy access
More women aged 50 and older having babies
The boundary of motherhood has shifted over the past few years as more women aged 50 and above are having babies.
Developers offered new incentives to use greener cooling solutions
Bonus floor space for those that build new district systems or tap existing ones
COE prices mostly higher; Open category premium hits $113,104
Certificate of entitlement (COE) premiums climbed across most categories on Sept 18, with the Open category recording the biggest rise to hit $113,104.
Turn phone or laptop into health screener with new software
A new software that analyses users' vital signs can turn any laptop or phone camera into a fullyfledged health screening device.
New Silkroutes ex-director gets jail for key role in market rigging
A former finance director of Singapore-listed New Silkroutes Group was sentenced to 12 weeks in prison on Sept 16 after pleading guilty to manipulating its share prices to allow its shares to be used as consideration for corporate deals.
Circle Line services hit again after fire in depot
Transport Correspondent For a second day, passengers on the Circle Line (CCL) had their journeys disrupted after several trains briefly lost power at about 8pm on Sept 18, stalling for about 15 minutes.