Billionaires should do more to list their businesses on SGX.

LAST week, there was a raft of measures unveiled to spur equities market development here.

A S$5 billion equity market development programme is being launched, under which the Monetary Authority of Singapore (MAS) will invest with selected fund managers that have capabilities to implement investment mandates with a strong focus on Singapore stocks.

Tax incentives were announced to draw companies with operations here and fund managers to tap Singapore’s equities market for their capital raising. Also, there is tax exemption on fund managers’ qualifying income derived from funds investing substantially in Singapore-listed equities.

Other measures included an adjustment to the global investor programme to support more capital inflows into local-listed equities. 

Meanwhile, MAS’ equities market review group will continue working on other measures to develop Singapore’s equities market.