Urgent action needed to restore confidence to Singapore market

I READ with interest your BT article "S'pore market value down five months in a row" on Oct 1, 2015. It is worrying that despite all the IPO capital raising from 2012 to 2015, the Sept 30, 2015 closing market cap "was the lowest month-end reading since August 2012, when the total market was worth S$829.3 billion".

There was also an earlier article headlined "Singapore firms' IPO proceeds fall to lowest since 2009" (BT, S…