A new review group with representatives from both the private and public sectors will propose measures to revitalise Singapore's struggling stock market.
Announced by the Monetary Authority of Singapore (MAS) on Aug 2, the panel will be chaired by Second Minister for Finance and MAS board member Chee Hong Tat.
Other members are MAS managing director Chia Der Jiun, Temasek chief executive Dilhan Pillay, Singapore Institute of Management chairman Euleen Goh, Singapore Exchange (SGX) chairman Koh Boon Hwee, Singapore Business Federation chairman Lim Ming Yan, and Mr Neil Parekh, who is a partner at investment firm Tikehau Capital.
Senior representatives from the Ministry of Finance, Enterprise Singapore and the Economic Development Board will also be on board.
The group will assess the current state of the local equities market, and examine measures to address identified challenges.
It will propose strategies to support and encourage SGX-listed companies to build capabilities and expand internationally.
It will also review the key elements of Singapore's regulatory approach to foster an enabling ecosystem, including the listing regime.
Recommendations will be made to attract primary and secondary listings to the Republic. The group will suggest targeted measures to facilitate product offerings and improve liquidity in Singapore's equity market, broadening the pool of potential initial public offerings.
It will also propose outreach and communication strategies to enhance the attractiveness of the local equities market, promoting it to issuers and investors.
This story is from the August 03, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 03, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
SCCCI marks 60th anniversary of its iconic building with exhibition, $1.2m donation
At 14, he constructed a three-dimensional model of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) building without floor plans or architectural drawings.
Residents of Sunset Way estate, Clementi condo get new 1.2km road
For as long as he has lived in Clementi Street 12, Sunset Way has been Mr Chan Jun Xiong's only road home.
Community lawn, movable platforms| proposed at former railway station
URA studying suggestions that are part of winning proposal in competition
Disputed elections becoming a global phenomenon, report finds
Voter turnout is diminishing around the world and the results of elections are increasingly being questioned, a report on the state of democracy said on Sept 17.
UN chief condemns 'collective punishment' of Palestinians
He describes the suffering in Gaza as unimaginable but is hopeful of a ceasefire
Climate change set to worsen malnutrition crisis among children
Malnutrition is the world's worst child health crisis and climate change will only make things more severe, according to philanthropist Bill Gates.
More in S-E Asia focused on livelihoods over climate
Geopolitics driving region's concerns with food security, inflation: Researcher
Thai Cabinet approves $5.66b cash handout to help revive economy
Thailand's Cabinet approved a cash handout plan totalling 145.6 billion baht (S$5.66 billion) that will benefit millions of poor people and help stimulate South-east Asia's second-largest economy.
Singaporeans stay indoors to avoid worst of typhoon
They saw fallen trees, experienced power outages and had to cancel plans, but Singaporeans in Shanghai managed to keep themselves safe by staying indoors as Typhoon Bebinca raged outside.
Shanghai cleans up after strongest storm in decades
Emergency crew has to clear some 1,800 felled trees, restore power to 30,000 homes
