August 2, 2024
1 min read

Singapore Eyes Stock Market Revamp

The number of companies listed on the SGX has declined in recent years…reports Asian Lite News

The Monetary Authority of Singapore (MAS) on Friday announced a review group to strengthen equities market development.

Led by Minister for Transport, Second Minister for Finance, and MAS board member Chee Hong Tat, the group involves private sector stakeholders and public sector representatives.

Singapore Exchange. (Photo: Twitter/@SGX)

The group will propose measures to encourage the Singapore Exchange (SGX) to expand internationally, attract primary and secondary listings to Singapore, and improve liquidity in the equity market to broaden the pool of Initial Public Offerings (IPO).

The MAS noted that the group will complete its report within 12 months, Xinhua news agency reported.

The number of companies listed on the SGX has declined in recent years. There was only one IPO on the SGX for the first half of 2024.

ALSO READ: UAE FM tours Singapore’s National Institute of Education

Previous Story

Blinken, Saudi counterpart discuss Mideast tensions

Next Story

Climate activists arrested in latest airport disruption

Latest from -Top News

Hamas Reiterates Peace Effort After U.S. Jab

Hamas Reaffirms Commitment to Ceasefire Talks After U.S. Criticism…reports Asian Lite News Hamas on Friday reiterated its commitment to the ongoing ceasefire negotiations, responding to remarks by U.S. Special Envoy to the

No smoking gun in Epstein files: Trump briefed

Attorney General Pam Bondi briefed Trump and Deputy Attorney General Todd Blanche at the White House in May….reports Asian Lite News US President Donald Trump was informed earlier this year that his

Israel, US recall teams from Gaza truce talks

Steve Witkoff said mediators had made a great effort but “Hamas does not appear to be coordinated or acting in good faith”…reports Asian Lite News Israel and the United States recalled their

Trump presses Fed chief to cut rates

Fed chair pushes back on Trump criticism of renovation costs as president presses central bank to cut interest rates…reports Asian Lite News Donald Trump sparred with the Federal Reserve chair, Jerome Powell,

Dubai turns malls Into fitness zones

Dubai’s Mallathon reimagines shopping centres as fitness zones, encouraging residents of all ages to walk, run, and connect—fostering healthier habits in air-conditioned comfort….reports Asian Lite News In a bold move to blend
Go toTop

Don't Miss

Singapore keen to partner with UAE towards low-carbon economy

Singapore is keen to collaborate with the UAE through new

PM Modi hails UPI-Pay Now link as gift for India, Singapore

The UPI-PayNow linkage will enable users of the two fast