I read recently that MAS was launching a $75m grant for the equity market. The aim is to encourage listing and to also boost equity research coverage.
I must admit I am pretty pessimistic about its future success.
The woes of the Singapore market are well known – poor liquidity, a lack of quality companies and even poor cooperate governance.
SGX has taken steps to improve corporate governance in recent months. This should be commended but the problems in my mind about the Singapore market are much more deeply rooted.
Our domestic market is really really smallSingapore has an incredibly small domestic market for businesses. Government linked corporations dominate many of these large businesses as is, and it is extremely hard for local businesses to achieve a large scale.
Imagine you were the owner of a coffee shop franchise.
At the end of the day, there are just so
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