Singapore said to plan local stocks boost with Temasek fund

(Bloomberg) -- Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of the matter.

State investment giant Temasek Holdings Pte’s 65 Equity Partners Holdings Pte, with a fund size of at least S$1bil (US$745 million), will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said.

Temasek and sovereign wealth fund GIC Pte. will be urged to use the city-state’s new framework for blank-check companies to encourage or facilitate the listing of tech firms in their portfolios, the people said, asking not to be identified before an announcement expected as soon as this week.