As at mid-March, approximately 120 Singapore-listed companies had engaged with Value Unlock since applications opened on Jan 16. The Equip Grant co-funds training in investor relations, media communications, corporate strategy and financial management. The more substantive Elevate Grant provides up to $200,000 in advisory support, also at 50% co-funding, for companies that meet minimum market capitalisation thresholds ($100 million for Mainboard and $80 million for Catalist companies) and are prepared to publish improvement plans and progress disclosures.
Singapore’s equity market staged a convincing rally last year. The Straits Times Index (STI) rose 22.7%, turnover surged 21% to nearly $1.5 billion daily, and IPO proceeds reached US$2.5 billion ($3.15 billion), a forty-fold jump from 2024’s dismal US$64 million. These numbers seemed to vindicate the Monetary Authority of Singapore’s (MAS) reform package, expanded to $6.5 billion in Budget 2026.
Singapore’s equity market has rarely seen this much policy and programme activity in such a short time. Over the past 18 months, MAS and the Singapore Exchange (SGX) have rolled out a $6.5 billion Equity Market Development Programme (EQDP), expanded research coverage and, most recently, launched the $30 million Value Unlock programme to strengthen investor engagement and shareholder value capabilities.
