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Tax Incentives Proposed to Draw Firms, Fund Managers to List in Singapore: MAS
The Straits Times
|February 14, 2025
Review group submits first set of measures to strengthen local equities market
A review group set up by the Monetary Authority of Singapore to boost trading on and draw new listings to the Singapore Exchange has proposed the first set of measures to strengthen the local equities market.
They include tax incentives to attract more enterprises and fund managers to list in Singapore, and incentivize the launch and growth of funds with substantial investments in domestic equities, MAS said in a Feb 13 statement.
Measures aimed at helping local enterprises access growth capital in Singapore have also been developed.
Second Minister for Finance and deputy chairman of the MAS board of directors Chee Hong Tat said the firms include "mid-sized companies that may not have ready access to major capital markets because they are small fish in these larger ponds, but... could use Singapore as a launch pad for their capital raising".
Measures to encourage companies listed elsewhere to seek a secondary listing here were also included.
This story is from the February 14, 2025 edition of The Straits Times.
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