Singapore is working to boost its stock market, startups and entrepreneurs via a slew of new initiatives aimed at enhancing the country’s role as a financing hub.
Inside the Singapore Exchange Ltd. (SGX) headquarters in Singapore (Photo: Bloomberg)
Hanoi (VNA) - Singapore is working to boost its stock market, startups and entrepreneurs via a slew of new initiatives aimed at enhancing the country’s role as a financing hub.
In an announcement on September 17, the Government of Singapore underlined that the plan is meant to increase the country’s attractiveness as a location for capital raising for local and regional companies.
State investment firm Temasek Holdings and stock exchange operator Singapore Exchange Ltd. (SGX) will join the effort.
The Singaporean government and Temasek will set up a new fund that will have a starting tranche of 1.5 billion SGD (1.1 billion USD) to pump into public fundraising and pre-initial public offerings (IPO) financing of high-growth companies.
The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as 500 million SGD initially to invest in companies that are technology innovators and two or more funding rounds away from listing publicly.
The fund will partner with the companies to help them expand, with a view toward an IPO in Singapore.
SGX will work with companies to provide customised capital market solutions, ranging from private fundraising to enhancing liquidity.
In addition, Temasek will launch a strategy to promote domestic investment, in a bid to foster its bourse which has struggled with tepid listings and low equity trading liquidity./.
Singapore’s multinational financial and banking firm DBS Group expects to double the number of members on its new platform for cryptocurrency trading to 1,000 by end-December and grow this by 20-30 percent annually for the next three years as digital tokens gain acceptability.
Singapore’s economy will enjoy good growth in the second half of 2021 and continue to recover next year as global growth is projected to “remain positive,” S. Iswaran, Minister for Transport and Minister-in-charge of Trade Relations, has said in parliament.
The Vietnamese embassy in Singapore on September 15 received the first batch of medical supplies donated by Singapore's Temasek Foundation to help Vietnam deal with the COVID-19 pandemic.
Singapore will begin trialling the import of hydropower from Laos via Thailand and Malaysia, following an agreement between Keppel Electric and Electricite Du Laos (EDL) announced on September 15.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Inside the Singapore Exchange Ltd. (SGX) headquarters in Singapore (Photo: Bloomberg) 
