SINGAPORE (Jan 21): It seems perfectly logical that a country that uses monetary subsidies to encourage its citizens to procreate would adopt a similar policy in order to boost the production of stock research. So, I don’t know why I was surprised to learn this past week that the Monetary Authority of Singapore plans to subsidise the salaries of analysts, in order to ensure better coverage of small, locally listed companies and “facilitate price discovery and liquidity” of their shares.

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