Daily briefing: SGX hopes to attract IPO after new SPAC rules; SG tightens COVID measures for travelers

And Singapore donates 100,000 Pfizer doses to Johor.


The Singapore Exchange (SGX) is hopeful that the new rules on the listing of Special Purpose Acquisition Companies (SPAC) will attract more firms to launch their initial public offering in Singapore.

SGX Head of Equity Capital Markets Mohamed Nasser Ismail told CNBC that new technology companies in the region will see the SPACs in Singapore to be “attractive, valuable and sustainable.”

The new SPAC framework provided a minimum market capitalisation of S$150m.

Read more here.

From Bloomberg

Singapore imposed stricter pre-departure measures for travellers entering Singapore, starting 9 September, the Ministry of Health reported.

Travellers coming from high-risk areas will be required to present a negative pre-departure COVID-19 test within 48 hours before departing.

The government had previously allowed a 72-hour duration for pre-departure COVID-19 tests.

Read more here.

From Mothership

Singapore will be donating some 100,000 doses of Pfizer-BioNTech vaccine for COVID-19 to the State of Johor, its Chief Minister Hasni Mohammad said.

According to Johor Chief Minister Hasni the new round of vaccine is on top of the 20,000 doses of Sinovac vaccine Singapore sent last 29 July.

Johor had also previously received 300,000 doses of SinoPharm from the UAE.

Read more here.

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