On Thursday, Singapore disclosed its initial set of initiatives designed to improve the country’s equity market. The proposed measures include the implementation of tax incentives that are intended to attract additional listings and investments, thereby solidifying Singapore’s status as a significant financial centre.
The Equities Market Review Group, which was responsible for assessing market development strategies, has verified that these proposals have been submitted to the Finance Ministry and Prime Minister Lawrence Wong. The Monetary Authority of Singapore (MAS), the nation’s central bank, established the committee in August of the previous year with the objective of identifying strategies to fortify the equities market.
The review group has recommended policies that will promote the launch and expansion of investment funds with a strong emphasis on domestic equities, which are among the main proposals. The objective of these measures is to increase investor confidence and improve liquidity in the Singapore market.
The group announced that a more comprehensive update regarding these initiatives will be published on February 21. Furthermore, additional market-strengthening measures are currently under development and are anticipated to be implemented in the latter half of 2025.
