A stitch in time to anchor tech listings in Singapore, for Singapore

IN the perilous post-independence years in Singapore, we opened our economy and markets to global business and competition with the success and jobs that brought us from third to first world in a generation. The meritocratic mantras worked well where our pioneers put in blood, sweat and tears.

We took risks that made the impossibility of this little red dot the financial centre that it is today. But intergenerational meritocracy has its challenges, and not only in the social or wealth distribution sphere.

One such impossibility sprang from decisions made by the Monetary Authority of Singapore (MAS), whose leaders including Ng Kok Song and Lim Ho Kee built the bridges with Chicago Mercantile Exchange in 1985.