The International Valuation Standards Council (IVSC) has opened an office in Singapore, its first outside Europe. Minister in the Prime Minister’s Office and Second Minister for Finance and National Development Indranee Rajah led in the launching of the new office in Asia. Indranee said the launching is a milestone in Singapore’s growth as a hub for intangible assets, which include patents, trademarks, brand image, and software. Indranee noted that the share of intangible asset market value among S&P 500 companies has risen from about 60% in the 1990s to about 90%. She further said that the international standards established by IVSC provide an important guide for valuation professionals, to ensure consistency and credibility, adding that this could open companies up to new funding sources and better pricing.
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