Welcome to this week’s edition of top stock market highlights. Budget 2025 tax incentives The Singapore government plans to introduce tax incentives to spur more companies and fund managers to list on the Singapore Exchange (SGX: S68). In addition, there will be tax incentives for fund managers which invest substantially all of their assets under management (AUM) in Singapore-listed equities. These measures are just the first batch recommended by the Equities Market Review Group which was set up by the Monetary Authority of Singapore back in August 2024. They were announced and accepted by Prime Minister and Minister for Finance Lawrence Wong during his Singapore Budget 2025 speech. The spirit of these measures is to encourage more companies to consider Singapore as an attractive listing destination, thereby increasing demand for Singapore-listed equities and improving trading liquidity and valuations on the local bourse. A corporate income tax rebate of 20% will be given to companies that seek a primary listing, which those...