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Positive reaction to market reforms opens door to broader enhancement of growth capital sector

The result could be a bigger pipeline of new listings, and some struggling listed companies going private

Ben Paul
Published Mon, Feb 16, 2026 · 07:00 AM
    • As the Straits Times Index breached the 5,000 mark last week, MAS said the EQDP would be expanded from S$5 billion to S$6.5 billion.
    • As the Straits Times Index breached the 5,000 mark last week, MAS said the EQDP would be expanded from S$5 billion to S$6.5 billion. PHOTO: BT FILE

    [SINGAPORE] Back in November, this column said the Monetary Authority of Singapore (MAS) ought to slow-walk the allocation of billions of dollars to fund managers under the Equity Market Development Programme (EQDP).

    With stock valuations becoming stretched, and growing concerns of a global market sell-off, the dry powder would have helped stave off potential volatility in the local market.

    It seems that I was worrying about nothing.

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