MORE TOP-UPS, AVENUES FOR GROWTH
The government will also inject a second S$1.5 billion tranche into the Anchor Fund, which was first established in 2021 to attract and anchor high-quality public listings in Singapore.
Like the initial tranche, the new funding will be structured as a co-investment between the government and Temasek.
“When enterprises are ready to list, we want to see Singapore as their listing venue of choice,” Mr Wong said.
The broader equities market will also be strengthened.
MAS had earlier allocated close to S$4 billion to nine asset managers under the Equity Market Development Programme, which was set up last year to develop Singapore’s fund management industry and increase investor participation in Singapore equities.
To build on the momentum, the programme will be expanded with a S$1.5 billion top-up, said Mr Wong.
In addition, authorities will implement recommendations of the Equities Market Review Group, including streamlining listing rules and requirements to make it easier for high-growth companies to go public.
The Economic Development Board, meanwhile, will have a role to play beyond its focus on multinational enterprises in its investment promotion efforts.
“Going forward, it will step up efforts to attract high-growth companies with the potential to become future industry leaders,” said Mr Wong.
“By anchoring such companies early, we can build new engines of growth and capture greater value for our economy as these enterprises grow and expand from Singapore.”
The prime minister said that Singapore’s comprehensive approach – from nurturing homegrown startups to catalysing private capital and attracting promising global companies – will strengthen the enterprise ecosystem.
“Importantly, this will create more opportunities for Singaporeans to secure good jobs and grow their careers,” he added.
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