Saturday , September 18 2021

Singapore plans local stocks boost with Temasek fund

Bloomberg

Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of matter.
State investment giant Temasek Holdings Pte.’s 65 Equity Partners Holdings Pte, with a fund size of at least $745 million, will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said. Temasek and sovereign wealth fund GIC Pte. will be urged to use the city-state’s new framework for blank-check companies to encourage or facilitate the listing of tech firms in their portfolios, the people said, asking not to be identified before an announcement expected as soon as this week.
The Monetary Authority of Singapore is also involved in the effort, with the capital markets regulator planning to add to some of its existing measures.
An effort to ramp up domestic investments by Temasek and GIC could help bolster Singapore’s local bourse, which has struggled in recent years with tepid listings and low liquidity. A paucity of tech names — one of the hottest themes in global equity markets since the pandemic began — has also affected investor interest in Singapore’s capital markets.

About Admin

Check Also

Stocks fluctuate before US CPI as crude oil advances

Bloomberg Stocks and US futures fluctuated ahead of inflation data that could influence expectations about ...

Leave a Reply

Your email address will not be published. Required fields are marked *