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New Gems grant not a subsidy scheme for SGX: Ong Ye Kung

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Annabeth Leow

Annabeth Leow

Published Thu, Feb 28, 2019 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    A NEW multi-million-dollar grant for Singapore's equity market is not a subsidy scheme for the Singapore Exchange (SGX), Education Minister Ong Ye Kung has said, as the Grant for Equity Market Singapore (Gems) is meant to support high-growth sectors and small- and mid-cap firms.

    Mr Ong spoke in the House on Thursday on behalf of Deputy Prime Minister Tharman Shanmugaratnam, Minister-in-charge of the Monetary Authority of Singapore (MAS), as members raised questions on capital markets and corporate governance here.

    Monetary Authority of SingaporeSingapore Budget 2019

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