SUPPORT FOR LOCAL
Mr. Wong also noted that comments on the Singapore Stock Exchange was unfavorable, yet for businesses that were primarily focused on Singapore or Southeast Asia.  ,
The first set of procedures that Mr. Wong has accepted was created by an Equities Market Review Group, which was set up to work on this.
The suggestions include tax breaks for Singapore-based businesses and fund managers who decide to list and expand their economic activities there.  ,
Additionally, a tax incentive may be implemented for fund managers who make significant investments in Singapore-listed securities. This is to encourage more investment in Singapore’s money markets.  ,
Enterprises may even receive more help scaling up and competing on a global level.  ,
To help organizations choose artificial intelligence options, up to S$ 150 million will be set off for a new Organization Compute Initiative. In accordance with this scheme, ready businesses will work with major cloud service providers to gain access to AI tools, computing power, as well as expert consulting services.  ,
A plan will be extended to December 31, 2030 in order to encourage mergers and acquisitions, allowing Singapore companies to make a qualifying merger of the common stocks of another company to receive tax advantages. It was originally scheduled to expire on December 31 of this year.
Later this month, Singapore’s Economic Development Board will launch a Worldwide Founder Programme to encourage foreign entrepreneurs to establish and expand their businesses.
Mr. Wong also made note of the worldwide emergence of a secret credit market that provides creative financing options to businesses. But few of these secret record funds focus on Asia or Singapore-based companies.  ,
In order to provide more funding options for high-growth local businesses, a fresh S$ 1 billion Personal Credit Growth Fund will be established.  ,