MAS unveils plans to transform financial service sector

Authority hopes road map will boost financial services growth

monetary-authority-of-singapore

The Monetary Authority of Singapore has unveiled an “ambitious” growth road map for its economy, aiming to grow the financial sector faster than the overall economy and to create 4,000 jobs annually.

Speaking on October 30 at the launch of the road map – or the “industry transformation map”, as the authority calls it – MAS board member Ong Ye Kung said Singapore was already an established international financial centre and now wanted to be “a leading global financial centre in Asia”.

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