Singapore welcome
Article Abstract:
The Singapore government is trying to lure foreign companies to be listed on its stock exchange. The government is ready to set aside a restriction on companies which sell to one main customer. There is, however, no step to change the rule that allows foreign companies to register shares in foreign currency only. This rule discourages most multinational companies, and unless the government eases this restriction and privatizes state owned enterprise, there is little hope for increase in stockmarket participation by foreign companies.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Bet on the banks
Article Abstract:
The Straits Times Industrial Index of the Stock Exchange of Singapore was pegged at 1,352.83 points on Apr 9, 1992, down 8.55% from the start of the year. However, Singapore's stockmarket remains of good value as it may be already prepared against an expected decline in growth of gross domestic production to 5.5% from last year's 6.7%. The best buys are shares of the Development Bank of Singapore, OCBC Bank and United Overseas Bank, blue chip companies with the largest capitalisation and the most consistent profit growths.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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