Committee on the Future Economy (CFE)

$1 bil innovation fund to drive growth in IP-strong companies

SINGAPORE (April 26): Innovators and companies in Singapore with strong Intellectual Property (IP) will soon benefit from a slew of new initiatives that will help them translate their ideas into assets.

This includes the launch of a one-billion dollar Makara Innovation Fund (MIF) by the Intellectual Property Office of Singapore (IPOS) and homegrown private equity firm, Makara Capital.

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Singapore employers struggling to attract, retain top talent: survey

SINGAPORE (Feb 22): Employers in Singapore are struggling to attract and retain top talent, according to a Willis Towers Watson survey of more than 2,000 companies globally.

Three in four employers here say they are struggling to attract top-performing employees, while 56% reported challenges in retaining these talents.

What Budget 2017 addressed, and what it didn’t, according to Maybank

SINGAPORE (Feb 22): Maybank Kim Eng maintains its 2017 gross domestic product (GDP) estimates at 2.5% following the release of the Singapore Budget 2017 on Monday , noting that this year’s Budget is “more conservative than expected”.

Budget 2017: Singapore aims to boost economic growth, support weak sectors

SINGAPORE (Feb 20): Finance Minister Heng Swee Keat on Monday announced measures to support companies and sectors grappling with cyclical downturns and industry shifts in a bid to boost growth and productivity amid global economic uncertainties.

The 2017 budget statement comes on the back of recommendations by the Committee on the Future Economy (CFE), which on Feb 9 unveiled a set of strategies aimed at ensuring annual economic growth of 2-3%.

Singapore set for modest fiscal push in 2017 Budget as growth risks abound

SINGAPORE (Feb 20): Singapore’s 2017 budget is set to deliver a modest fiscal push to an economy that’s facing a gloomy trade outlook just as it starts to rebound.

SGX consults public on possible introduction of dual-class share structure

SINGAPORE (Feb 16): The Singapore Exchange (SGX) has launched a public consultation on whether it should introduce dual class share (DCS) structure where certain shares have higher voting rights than others.

The consultation will be open for two months.   

Singapore plans to ease VC rules to promote startup financing

SINGAPORE (Feb 15): Singapore is proposing to ease regulations for venture capital managers in a bid to promote financing for startup development.

Under a consultation paper published by the Monetary Authority of Singapore Wednesday, new and existing VC managers won’t be subject to the same capital requirements and business conduct rules that currently apply to fund managers in general. The MAS will focus primarily on fitness and propriety, and will retain regulatory powers to deal with errant VC managers, the central bank said in a statement.

3 stocks to focus on now that the CFE report is out

SINGAPORE (Feb 10): CIMB Research is highlighting its most preferred stocks from various sectors which it thinks could benefit from the strategies set by the Singapore government for the long term, following yesterday’s release of the long-awaited Committed on the Future Economy (CFE) report.

(See also: Singapore charts path for growth as globalisation mood darkens)

Singapore charts path for growth as globalisation mood darkens

SINGAPORE (Feb 9): Singapore unveiled a set of strategies that reinforce its long-standing commitment to economic openness, as the trade-dependent nation seeks to drive growth in the next decade after a “dark shift in mood away from globalisation”.

(Download the executive summary of the report here)

What to expect of Singapore’s budget & economic strategy in 2017

SINGAPORE (Feb 6): DBS Group Research is expecting this year’s impending Committee on the Future Economy (CFE)  report to “map out the longer-term future of the economy”, while projecting Budget FY17 to feature more “bite” for the near- to medium-term.

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