Time to introduce a Japan, Korea-style value-up programme, to drive Singapore market’s next leg-up
This move may be a crucial part of the ongoing holistic approach to restoring the vibrancy of the local market
Add BT as a preferred source
[SINGAPORE] When the S$5 billion Equity Market Development Programme (EQDP) was unveiled in February last year, I remember being rather surprised by the audacity of the move.
With hindsight, I should have seen it coming.
Less than two months before the announcement, at an event marking the 25th anniversary of the Singapore Exchange (SGX), Minister for Trade and Industry Gan Kim Yong had said that the Equities Market Review Group was studying how public funding could best be used to mobilise private sector funds to broaden liquidity in the local market.
TRENDING NOW
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
Singapore banks’ battle for wealth talent goes beyond private bankers
Car dealer charged in S$1.1 million tax evasion case involving Porsches, Ferraris, Rolls-Royces
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
