Singapore announces first set of measures to boost equities market development (updated)

Singapore Exchange

13/02/2025 10:24

(Adds detail, timing of more measures)
       SINGAPORE, Feb 13 (Reuters) - Singapore on Thursday
announced its first set of measures to strengthen the country's
equities market development, including proposals to introduce
tax incentives to spur more listings and investments in the city
state's equities market. 
    The country's equities market review group said in a
statement that it has submitted the proposals to the Prime
Minister and finance ministry.
    Singapore's central bank, the Monetary Authority of
Singapore, set up the review group in August last year to
recommend measures to strengthen equities market development in
the country.
    The review group said on Thursday the first set of measures
also included proposals to encourage the launch and growth of
funds with substantial investment in domestic equities. 
    It added that it will provide a fuller update on its first
set of measures on February 21, and continue to work on the next
set of measures, which will be presented in the second half of
2025.

 (Reporting by Yantoultra Ngui
Editing by Tomasz Janowski)
 ((Yantoultra.Ngui@thomsonreuters.com;))