Daily Briefing: Local startup valuations seen to surge; Singapore gears up for cutthroat crowdfunding race

And GDP grew by 2.8% in 2014.

The Singapore government has been proactively monitoring developments like equity crowdfunding. While the Monetary Authorities of Singapore has yet to roll out any equity crowdfunding policies, the Singapore Exchange (SGX) recently announced that it was exploring the possibility of setting up a crowdfunding platform to fund start-ups. Read more here. 

Startup valuations in the country will continue to rise unabated this year, as early-stage startups here have lots of sources of capital to choose from, which implies that any decent early-stage startup can raise initial rounds of funding on attractive terms Find out more here.

The Singapore economy is estimated to have grown by 2.8 percent for the whole of 2014, the Ministry of Trade and Industry (MTI) announced today. This is in line with MTIs growth forecast of around three percent.
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