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Initial plans to revive equities market may treat the symptoms but fall short of a cure: industry observers

An effective overhaul of the ecosystem could depend on the full set of measures, due to be released by August

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Navene Elangovan
Ranamita Chakraborty

Navene Elangovan &

Ranamita Chakraborty

Published Mon, Feb 24, 2025 · 05:00 AM
    • It will take a concerted effort across the business ecosystem to attract more companies to list locally, says Tay Hwee Ling of Deloitte South-east Asia.
    • It will take a concerted effort across the business ecosystem to attract more companies to list locally, says Tay Hwee Ling of Deloitte South-east Asia. PHOTO: BT FILE

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    THE full update on the Monetary Authority of Singapore (MAS) equities market review group’s first set of measures, released on Friday (Feb 21), drew a cautious thumbs up from industry observers over the weekend.

    The Business Times spoke to people across the capital market, including investors, fund managers, brokers and lawyers. They differed on the extent that the proposals would have in reviving the local market.

    Carol Fong, group chief executive officer of brokerage CGS International, noted that the full update on the measures surpassed expectations, especially after a “comparatively lacklustre teaser” of the tax incentives that were first announced at Budget 2025.

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