MAS’s Menon says Singapore is ready for shifting financial ‘centre of gravity’
"The centre of gravity of financial activity is shifting towards Asia," Ravi Menon, managing director of the Monetary Authority of Singapore, told an audience on March 13, stressing that Singapore was well positioned to take advantage of this change.
Speaking at a conference of the Investment Management Association of Singapore, Menon said emerging Asia was predicted to grow at around 7% a year over the next five years. He said there was a need for large infrastructure investments in the coming
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