My post on LinkedIn can be seen here.

On 21st February 2025, the review committee chaired by Minister Chee Hong Tat unveiled the first comprehensive update on its recommendations to revitalise the Singapore stock market. This long-anticipated update has sparked a mix of reactions from commentators and industry representatives, highlighting both optimism and caution regarding the path forward.

A key highlight of the announcement was the introduction of a new SGD 5 billion Equity Development Programme, described by Minister Chee as one of the strategic “booster jabs” aimed at breathing new life into the Singapore equities market. While this is a significant step, it’s clear that it won’t serve as a silver bullet or a panacea to uplift the local bourse on its own.

The future of Singapore’s stock market growth hinges on more than just this funding initiative. The success of the revitalisation efforts will depend on the full suite of measures yet to be announced by the review committee and the coordinated actions of both industry stakeholders and government agencies. It’s a collective journey, and as with any complex market reform, only time will tell if these efforts will help the Singapore bourse reach greater heights.

I would like to extend my gratitude to Ms. Navene Elangovan and Ms. Ranamita Chakraborty for featuring my insights in The Business Times front-page story published on 24th February 2025.

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