SINGAPORE -- Singapore on Friday proposed a 5 billion-Singapore-dollar fund ($3.74 billion) to jolt its equities market, as authorities attempt to inject some buzz into its stock exchange that some investors have called staid.
The fund was suggested by a panel made up of officials and private sector leaders, which was set up last August to study the development of the local market, with the committee deciding to rope in domestic and foreign fund managers as partners to boost Singaporean equities.
