New $5 billion scheme by MAS to boost S’pore stocks as part of measures to revive SGX

Quick Summary:

The central bank will do this by partnering with fund managers which manage funds focused on local stocks.

Mainboard-listed companies that record pre-tax losses for the three most recently completed consecutive financial years, and have an average daily market capitalisation of less than $40 million over the last six months are placed on the list.

The programme will invest in a range of funds managed by local as well as foreign fund managers based in Singapore.

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Article Details

Author / Journalist: Sue-Ann Tan, Timothy Goh

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Investor Companies Process Fund Singapore Review Announced Market Equities Local Listing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 20:00:00 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1270 words

Reading Time: 8 minutes read

Sentences: 45 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 26318039

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