“We have been talking to different stakeholders over the past months. And I think everyone can see that there is a need for us to do something to improve the situation that we face today in Singapore, to make listings in Singapore a more attractive option for companies,” he says.
Last week, a new review group made up of 10 leaders from the public and private sectors was set up to improve Singapore’s equities market. This comes months after reports emerged that the local bourse is considering proposals to revive the stock market, including a proposal put forward by the Singapore Venture and Private Capital Association (SVCA). In June, The Edge Singapore (Issue 1142) spoke to heads of companies, brokers, analysts and remisiers for a cover story about stimulating the moribund local market.
The review group was announced at a media doorstop at the Singapore Exchange (SGX:S68
) (SGX) on Aug 2 by Chee Hong Tat, the Minister for Transport, Second Minister for Finance and board member of the Monetary Authority of Singapore (MAS). Chee, who was appointed deputy chairman of MAS in late July, will chair the group.
