Singapore, Temasek Start $1.1 Billion Fund to Boost Market

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Singapore, Temasek Start $1.1 Billion Fund to Boost Market

Bloomberg2021-09-17

(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...

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Barbarazhao
·2021-09-17
Great news indeed
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angskk
·2021-09-17
Cui
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robot1234
·2021-09-17
SG stock market generally on a downtrend since the ATH of 3805 points established on 1 Oct 2007. Currently, it is trading around 3055 points, which is nearly 20% below the ATH. Several well known counters have either delisted or shifted their listing to the more dynamic HK market. Hope this latest initiative will help to bring back more interest in the SG market.
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来真的
·2021-09-17
Long overdue to do so. Temasek and GIC should have done that as their investment seed are from the citizens money
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- pekss:
  Should expand to include undervalued stocks
  2021-09-17
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Stchua
·2021-09-17
[Smile]
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hbtho
·2021-09-17
That's the way
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Barbarazhao
·2021-09-17
Great news indeed
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- schsch:
  hey
  2021-09-17
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- SilverSoul:
  Loaded
  2021-09-17
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- Barbarazhao:
  ?
  2021-09-17
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kimC
·2021-09-17
1.5 barely enough, 15 makes more sense
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- cat101:
  Totally agree
  2021-09-17
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- kimC:
  ?
  2021-09-17
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- Nana_seven:
  Agreed
  2021-09-17
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BigThumb
·2021-09-17
Wow! ??
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FollWin
·2021-09-17
Well says.
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The fund will partner with the companies to help them expand, with a view toward an IPO in Singapore.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":884100241,"gmtCreate":1631863078783,"gmtModify":1676530655636,"author":{"id":"3575447019432232","authorId":"3575447019432232","name":"angskk","avatar":"https://static.tigerbbs.com/14993a1ab2e959534763e33dc2415981","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Cui","listText":"Cui","text":"Cui","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884100241","repostId":2168165528,"repostType":4,"repost":{"id":"2168165528","pubTimestamp":1631848693,"share":"https://www.laohu8.com/m/news/2168165528?lang=&edition=full","pubTime":"2021-09-17 11:18","market":"sg","language":"en","title":"Singapore, Temasek Start $1.1 Billion Fund to Boost Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2168165528","media":"Bloomberg","summary":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state in","content":"<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.</p>\n<p>The fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.</p>\n<p>“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.</p>\n<p>The plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.</p>\n<p>“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.</p>\n<p>Singapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.</p>\n<p>“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.</p>\n<p>Here are the main steps announced on Friday:</p>\n<p>The government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.</p>\n<p>The benchmark Straits Times Index was little changed on Friday.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore, Temasek Start $1.1 Billion Fund to Boost Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore, Temasek Start $1.1 Billion Fund to Boost Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","MMS.SI":"PHILLIP MM S$","MMT.SI":"PHILLIP MM US$D"},"source_url":"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168165528","content_text":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.\nThe fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.\n“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.\nThe plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.\n“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.\nSingapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.\n“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.\nHere are the main steps announced on Friday:\nThe government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":884340032,"gmtCreate":1631860771426,"gmtModify":1676530655014,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1},"htmlText":"SG stock market generally on a downtrend since the ATH of 3805 points established on 1 Oct 2007. Currently, it is trading around 3055 points, which is nearly 20% below the&nbsp;ATH. Several well known counters have either delisted or shifted their listing to the more dynamic HK market. Hope this latest initiative will help to bring back more interest in the SG market.","listText":"SG stock market generally on a downtrend since the ATH of 3805 points established on 1 Oct 2007. Currently, it is trading around 3055 points, which is nearly 20% below the&nbsp;ATH. Several well known counters have either delisted or shifted their listing to the more dynamic HK market. Hope this latest initiative will help to bring back more interest in the SG market.","text":"SG stock market generally on a downtrend since the ATH of 3805 points established on 1 Oct 2007. Currently, it is trading around 3055 points, which is nearly 20% below the ATH. Several well known counters have either delisted or shifted their listing to the more dynamic HK market. Hope this latest initiative will help to bring back more interest in the SG market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884340032","repostId":2168165528,"repostType":4,"repost":{"id":"2168165528","pubTimestamp":1631848693,"share":"https://www.laohu8.com/m/news/2168165528?lang=&edition=full","pubTime":"2021-09-17 11:18","market":"sg","language":"en","title":"Singapore, Temasek Start $1.1 Billion Fund to Boost Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2168165528","media":"Bloomberg","summary":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state in","content":"<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.</p>\n<p>The fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.</p>\n<p>“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.</p>\n<p>The plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.</p>\n<p>“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.</p>\n<p>Singapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.</p>\n<p>“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.</p>\n<p>Here are the main steps announced on Friday:</p>\n<p>The government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.</p>\n<p>The benchmark Straits Times Index was little changed on Friday.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore, Temasek Start $1.1 Billion Fund to Boost Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore, Temasek Start $1.1 Billion Fund to Boost Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","MMS.SI":"PHILLIP MM S$","MMT.SI":"PHILLIP MM US$D"},"source_url":"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168165528","content_text":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.\nThe fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.\n“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.\nThe plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.\n“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.\nSingapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.\n“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.\nHere are the main steps announced on Friday:\nThe government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":884329225,"gmtCreate":1631858811467,"gmtModify":1676530654476,"author":{"id":"4087273501621410","authorId":"4087273501621410","name":"来真的","avatar":"https://static.tigerbbs.com/7ad8b2a8763dc9a3f40d57288be3a1e0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Long overdue to do so. Temasek and GIC&nbsp;should have done that as their investment seed are from the citizens money","listText":"Long overdue to do so. Temasek and GIC&nbsp;should have done that as their investment seed are from the citizens money","text":"Long overdue to do so. Temasek and GIC should have done that as their investment seed are from the citizens money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/884329225","repostId":2168165528,"repostType":4,"repost":{"id":"2168165528","pubTimestamp":1631848693,"share":"https://www.laohu8.com/m/news/2168165528?lang=&edition=full","pubTime":"2021-09-17 11:18","market":"sg","language":"en","title":"Singapore, Temasek Start $1.1 Billion Fund to Boost Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2168165528","media":"Bloomberg","summary":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state in","content":"<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.</p>\n<p>The fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.</p>\n<p>“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.</p>\n<p>The plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.</p>\n<p>“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.</p>\n<p>Singapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.</p>\n<p>“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.</p>\n<p>Here are the main steps announced on Friday:</p>\n<p>The government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.</p>\n<p>The benchmark Straits Times Index was little changed on Friday.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore, Temasek Start $1.1 Billion Fund to Boost Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore, Temasek Start $1.1 Billion Fund to Boost Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","MMS.SI":"PHILLIP MM S$","MMT.SI":"PHILLIP MM US$D"},"source_url":"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168165528","content_text":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.\nThe fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.\n“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.\nThe plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.\n“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.\nSingapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.\n“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.\nHere are the main steps announced on Friday:\nThe government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5900415,"gmtCreate":1631859496897,"gmtModify":1663234010252,"authorId":3581636635898281,"author":{"id":3581636635898281,"authorId":3581636635898281,"name":"pekss","avatar":"https://static.tigerbbs.com/7dfef98c44b3810cffef7f3eb78524ba","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.03.31","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.12","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":884329225,"type":1,"supId":0,"prevId":0,"content":"Should expand to include undervalued stocks","text":"Should expand to include undervalued stocks","html":"Should expand to include undervalued stocks"}],"langContent":"EN"},{"id":884380031,"gmtCreate":1631856625123,"gmtModify":1676530653817,"author":{"id":"3586774718687945","authorId":"3586774718687945","name":"Stchua","avatar":"https://static.tigerbbs.com/9c6da38be819096178bf3d64e02165e0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884380031","repostId":2168165528,"repostType":4,"repost":{"id":"2168165528","pubTimestamp":1631848693,"share":"https://www.laohu8.com/m/news/2168165528?lang=&edition=full","pubTime":"2021-09-17 11:18","market":"sg","language":"en","title":"Singapore, Temasek Start $1.1 Billion Fund to Boost Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2168165528","media":"Bloomberg","summary":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state in","content":"<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.</p>\n<p>The fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.</p>\n<p>“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.</p>\n<p>The plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.</p>\n<p>“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.</p>\n<p>Singapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.</p>\n<p>“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.</p>\n<p>Here are the main steps announced on Friday:</p>\n<p>The government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.</p>\n<p>The benchmark Straits Times Index was little changed on Friday.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore, Temasek Start $1.1 Billion Fund to Boost Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore, Temasek Start $1.1 Billion Fund to Boost Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","MMS.SI":"PHILLIP MM S$","MMT.SI":"PHILLIP MM US$D"},"source_url":"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168165528","content_text":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.\nThe fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.\n“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.\nThe plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.\n“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.\nSingapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.\n“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.\nHere are the main steps announced on Friday:\nThe government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":884334248,"gmtCreate":1631855146684,"gmtModify":1676530653546,"author":{"id":"3574935418304521","authorId":"3574935418304521","name":"hbtho","avatar":"https://static.tigerbbs.com/f083ceda901738dc46b48c3f49dc0dc7","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"That's the way","listText":"That's the way","text":"That's the way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884334248","repostId":2168165528,"repostType":4,"repost":{"id":"2168165528","pubTimestamp":1631848693,"share":"https://www.laohu8.com/m/news/2168165528?lang=&edition=full","pubTime":"2021-09-17 11:18","market":"sg","language":"en","title":"Singapore, Temasek Start $1.1 Billion Fund to Boost Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2168165528","media":"Bloomberg","summary":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state in","content":"<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.</p>\n<p>The fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.</p>\n<p>“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.</p>\n<p>The plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.</p>\n<p>“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.</p>\n<p>Singapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.</p>\n<p>“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.</p>\n<p>Here are the main steps announced on Friday:</p>\n<p>The government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.</p>\n<p>The benchmark Straits Times Index was little changed on Friday.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore, Temasek Start $1.1 Billion Fund to Boost Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore, Temasek Start $1.1 Billion Fund to Boost Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","MMS.SI":"PHILLIP MM S$","MMT.SI":"PHILLIP MM US$D"},"source_url":"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168165528","content_text":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.\nThe fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.\n“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.\nThe plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.\n“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.\nSingapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.\n“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.\nHere are the main steps announced on Friday:\nThe government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":884976591,"gmtCreate":1631851530213,"gmtModify":1676530652741,"author":{"id":"3576888762442253","authorId":"3576888762442253","name":"Barbarazhao","avatar":"https://static.tigerbbs.com/40f6fdeabe0e8cac300f1fd2a17eb3ac","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"Great news indeed&nbsp;","listText":"Great news indeed&nbsp;","text":"Great news indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/884976591","repostId":2168165528,"repostType":4,"repost":{"id":"2168165528","pubTimestamp":1631848693,"share":"https://www.laohu8.com/m/news/2168165528?lang=&edition=full","pubTime":"2021-09-17 11:18","market":"sg","language":"en","title":"Singapore, Temasek Start $1.1 Billion Fund to Boost Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2168165528","media":"Bloomberg","summary":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state in","content":"<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.</p>\n<p>The fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.</p>\n<p>“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.</p>\n<p>The plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.</p>\n<p>“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.</p>\n<p>Singapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.</p>\n<p>“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.</p>\n<p>Here are the main steps announced on Friday:</p>\n<p>The government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.</p>\n<p>The benchmark Straits Times Index was little changed on Friday.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore, Temasek Start $1.1 Billion Fund to Boost Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore, Temasek Start $1.1 Billion Fund to Boost Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","MMS.SI":"PHILLIP MM S$","MMT.SI":"PHILLIP MM US$D"},"source_url":"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168165528","content_text":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.\nThe fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.\n“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.\nThe plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.\n“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.\nSingapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.\n“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.\nHere are the main steps announced on Friday:\nThe government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5899531,"gmtCreate":1631852278359,"gmtModify":1663234010252,"authorId":3575927670533252,"author":{"id":3575927670533252,"authorId":3575927670533252,"name":"schsch","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884976591,"type":1,"supId":0,"prevId":0,"content":"hey","text":"hey","html":"hey"},{"id":5899638,"gmtCreate":1631852914483,"gmtModify":1663234010058,"authorId":3563403277012456,"author":{"id":3563403277012456,"authorId":3563403277012456,"name":"SilverSoul","avatar":"https://static.tigerbbs.com/692e9e2f198854f2b357459085e07d4f","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions 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barely enough, 15 makes more sense&nbsp;","listText":"1.5 barely enough, 15 makes more sense&nbsp;","text":"1.5 barely enough, 15 makes more sense","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/884941749","repostId":2168165528,"repostType":4,"repost":{"id":"2168165528","pubTimestamp":1631848693,"share":"https://www.laohu8.com/m/news/2168165528?lang=&edition=full","pubTime":"2021-09-17 11:18","market":"sg","language":"en","title":"Singapore, Temasek Start $1.1 Billion Fund to Boost Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2168165528","media":"Bloomberg","summary":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state in","content":"<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.</p>\n<p>The fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.</p>\n<p>“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.</p>\n<p>The plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.</p>\n<p>“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.</p>\n<p>Singapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.</p>\n<p>“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.</p>\n<p>Here are the main steps announced on Friday:</p>\n<p>The government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.</p>\n<p>The benchmark Straits Times Index was little changed on Friday.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore, Temasek Start $1.1 Billion Fund to Boost Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore, Temasek Start $1.1 Billion Fund to Boost Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","MMS.SI":"PHILLIP MM S$","MMT.SI":"PHILLIP MM US$D"},"source_url":"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168165528","content_text":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.\nThe fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.\n“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.\nThe plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.\n“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.\nSingapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.\n“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.\nHere are the main steps announced on Friday:\nThe government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5902534,"gmtCreate":1631875499001,"gmtModify":1663234022040,"authorId":3567571456484135,"author":{"id":3567571456484135,"authorId":3567571456484135,"name":"cat101","avatar":"https://static.tigerbbs.com/c3104921ebaeda44e71c1a726c769c1d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884941749,"type":1,"supId":0,"prevId":0,"content":"Totally agree","text":"Totally agree","html":"Totally agree"},{"id":5900391,"gmtCreate":1631859220746,"gmtModify":1663234010432,"authorId":4087267509717010,"author":{"id":4087267509717010,"authorId":4087267509717010,"name":"kimC","avatar":"https://static.tigerbbs.com/d507a950b8322c8dd1fac8cb737f0eae","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884941749,"type":1,"supId":5899384,"prevId":0,"content":"?","text":"?","html":"?"},{"id":5899384,"gmtCreate":1631851164805,"gmtModify":1631890726009,"authorId":3575673754947065,"author":{"id":3575673754947065,"authorId":3575673754947065,"name":"Nana_seven","avatar":"https://static.tigerbbs.com/cbfa864cf0a3b766b4090b0ad3b67e69","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884941749,"type":1,"supId":0,"prevId":0,"content":"Agreed ","text":"Agreed ","html":"Agreed "}],"langContent":"EN"},{"id":884954183,"gmtCreate":1631849729342,"gmtModify":1676530652294,"author":{"id":"3581996485604595","authorId":"3581996485604595","name":"BigThumb","avatar":"https://static.tigerbbs.com/d9366427dbceb4a03b5342d31b6c3aaa","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wow! ??","listText":"Wow! ??","text":"Wow! ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884954183","repostId":2168165528,"repostType":4,"repost":{"id":"2168165528","pubTimestamp":1631848693,"share":"https://www.laohu8.com/m/news/2168165528?lang=&edition=full","pubTime":"2021-09-17 11:18","market":"sg","language":"en","title":"Singapore, Temasek Start $1.1 Billion Fund to Boost Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2168165528","media":"Bloomberg","summary":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state in","content":"<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.</p>\n<p>The fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.</p>\n<p>“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.</p>\n<p>The plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.</p>\n<p>“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.</p>\n<p>Singapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.</p>\n<p>“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.</p>\n<p>Here are the main steps announced on Friday:</p>\n<p>The government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.</p>\n<p>The benchmark Straits Times Index was little changed on Friday.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore, Temasek Start $1.1 Billion Fund to Boost Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore, Temasek Start $1.1 Billion Fund to Boost Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","MMS.SI":"PHILLIP MM S$","MMT.SI":"PHILLIP MM US$D"},"source_url":"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168165528","content_text":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.\nThe fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.\n“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.\nThe plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.\n“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.\nSingapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.\n“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.\nHere are the main steps announced on Friday:\nThe government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":884952851,"gmtCreate":1631849492373,"gmtModify":1676530652254,"author":{"id":"3586145401912378","authorId":"3586145401912378","name":"FollWin","avatar":"https://static.tigerbbs.com/8519c8db9252abe3b637d4d01b75e54c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Well says.","listText":"Well says.","text":"Well says.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884952851","repostId":2168165528,"repostType":4,"repost":{"id":"2168165528","pubTimestamp":1631848693,"share":"https://www.laohu8.com/m/news/2168165528?lang=&edition=full","pubTime":"2021-09-17 11:18","market":"sg","language":"en","title":"Singapore, Temasek Start $1.1 Billion Fund to Boost Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2168165528","media":"Bloomberg","summary":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state in","content":"<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.</p>\n<p>The fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.</p>\n<p>“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.</p>\n<p>The plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.</p>\n<p>“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.</p>\n<p>Singapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.</p>\n<p>“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.</p>\n<p>Here are the main steps announced on Friday:</p>\n<p>The government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.</p>\n<p>The benchmark Straits Times Index was little changed on Friday.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore, Temasek Start $1.1 Billion Fund to Boost Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore, Temasek Start $1.1 Billion Fund to Boost Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","MMS.SI":"PHILLIP MM S$","MMT.SI":"PHILLIP MM US$D"},"source_url":"https://finance.yahoo.com/news/singapore-temasek-start-1-1-021813673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168165528","content_text":"(Bloomberg) -- Singapore is looking to set up a S$1.5 billion ($1.1 billion) fund backed by state investment firm Temasek Holdings Pte. to bolster its stock market, which has struggled with tepid listings and slow trading.\nThe fund will invest in high-growth companies and initial public offerings. Separately, the investment arm of the Economic Development Board, a government agency promoting foreign investment in Singapore, will put up to S$500 million into a fund aimed at companies looking to list in two to five years.\n“We know that the initiatives we are launching today are no magic bullet. But we believe they will blow new wind into the sails of our public equity market,” Minister for Trade and Industry Gan Kim Yong told reporters on Friday.\nThe plan, which was reported by Bloomberg on Sept. 14, is meant to increase the city-state’s attractiveness as a location for capital raising for local and regional companies, the government said. Stock exchange operator Singapore Exchange Ltd. is also involved.\n“It’s a step in the right direction but the total amount is small for now, and we may need to see more measures for the needle to really move,” said Terence Chua, an analyst at Phillip Securities Research Pte.\nSingapore’s bourse has struggled in recent years with tepid listings and low equity trading liquidity. SGX this month announced a framework for listing blank-check companies and signed a partnership with Thailand on depository receipts.\n“We are not doing this just for the sake of having high valuations or market cap. It is to give the most promising startups and entrepreneurs from Singapore and across the region another engine of growth,” Gan Kim Yong said.\nHere are the main steps announced on Friday:\nThe government and Temasek will set up a new fund that will have a starting tranche of S$1.5 billion to pump into public fundraising and pre-IPO financing of high-growth companies.The Economic Development Board’s investment arm will start a Growth IPO Fund of as much as S$500 million 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.The Monetary Authority of Singapore’s grant to pick up the tab for companies’ listing costs, initially introduced in 2019, will be increased.SGX will work with companies to provide customized capital market solutions, ranging from private fundraising to enhancing liquidity.\nThe benchmark Straits Times Index was little changed on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":58,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}