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SGX needs Nasdaq-level clarity on type of companies it wishes to list
The bourse must shed its cautious approach and move bravely when it identifies an opportunity, instead of being a follower.
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SGX must become very clear about the type of listings it wants to attract.
ST PHOTO: DESMOND WEE
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The Singapore Exchange (SGX) needs to be revived – and everyone knows that. Exciting companies, put off by its lack of liquidity, are not tempted to list on it. Jaded investors, unimpressed by its offerings, have increasingly stayed away from it.
Second Finance Minister Chee Hong Tat revealed on Aug 2 that a review group had been set up to look at ways to revive the local stock market. Its report is due in 12 months.
