Unbeknownst to most, another multi-ministry task force has been hard at work too — except it has been working largely behind the scenes, on essential initiatives long-awaited for the local capital markets. Besides the Ministry of Trade and Industry, other agencies involved include Temasek Holdings; the Monetary Authority of Singapore (MAS); EDBI, the dedicated investment arm of the Singapore Economic Development Board (EDB), and Singapore Exchange (SGX) itself.
Q: Are the government’s capital market initiatives announced enough?
A: Let’s not let a good thing go to waste, but line up the other ducks.
As Covid-19 has rocked the markets and hogged the headlines since early last year, Singaporeans are by now familiar with the multi-ministry task force — given that they are often the faces of the government’s response to the pandemic.
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