Investing Updates : MAS review group proposes tax perks to boost Singapore’s equities market as a start

Source:

https://www.businesstimes.com.sg/companies-markets/mas-review-group-proposes-tax-perks-boost-singapores-equities-market-start

Apple Intelligence:

• Tax Incentives for Listings: The MAS review group proposes tax incentives to attract enterprises and fund managers to list in Singapore.

• Tax Incentives for Funds: The group aims to encourage the launch and growth of funds with substantial investment in local equities.

• Review Group Composition: The review group, chaired by Second Minister for Finance Chee Hong Tat, includes private-sector stakeholders and public-sector representatives.

• Market Competitiveness Improvement: Aiming to enhance the competitiveness of the Singapore equities market by attracting investor interest and boosting the supply of quality listings.

• Growth Capital Access: Developing measures to help Singapore enterprises access growth capital and attract quality enterprises with a regional presence to list in Singapore.

• Tax Incentives Limitation: Tax incentives might not fundamentally alter the decision-making process of companies deciding where to list, which is primarily based on market valuations.

• Positive Market Sentiment: Local banks’ outperformance indicates sufficient liquidity from Singapore investors for companies with good results.

• Regulatory Streamlining: Streamlining the listing process is seen as positive, but other factors like pricing, valuation, and market liquidity also need to be considered.

• GIC Investment Strategy: GIC should not be required to invest in local equities if it negatively impacts returns, as its primary objective is to preserve and enhance Singapore’s reserves.

• Sustainable Market Growth: Chee believes in strengthening market fundamentals for sustainable growth instead of relying on short-term “pump-prime” approaches.

• Upcoming Update: A fuller update on the review group’s first set of measures will be provided on February 21.

• Review Group’s Focus: The review group aims to foster long-term development and sustainable growth of Singapore’s equities market by encouraging listings, increasing investor participation, improving trading liquidity, and facilitating fair valuations.

Opinion:

I feel that the picture doesn't look good enough for the topic? 😂. 

I think the recent discussion on more options for CPF investing is a good thing.

The country has come a long way. Citizens are more educated and informed to make prudent financial decisions.