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Story summary
- The Monetary Authority of Singapore (MAS) increased the Equity Market Development Program (EQDP) funding from S$5 billion to S$6.5 billion.
- Prime Minister Lawrence Wong announced the expansion to bolster Singapore's capital markets.
- The EQDP was launched in February 2025 to develop the fund management industry and increase investor participation in local equities.
- To date, S$3.95 billion has been allocated to nine asset managers.
