Setting up a digital platform for small businesses, positioning the country as a regional hub for philanthropy, and turning stocks, bonds and real estate into digital tokens are several of the new initiatives in Singapore's updated financial sector transformation plan.
Led by the Monetary Authority of Singapore (MAS), the plan aims to ensure that the financial sector grows by an average annual rate of 4 per cent to 5 per cent from 2021 to 2025 and create 3,000 to 4,000 net jobs on average each year.
The Financial Services Industry Transformation Map (ITM) 2025, which was unveiled by Deputy Prime Minister Lawrence Wong on Thursday, laid out strategies to help the Republic's financial industry take a leap into the future, and train a workforce that can tap the opportunities that the future holds.
Financial support in the form of grants and other incentives will be provided to help upskill the workforce across various segments of the financial sector.
The primary goal is to maintain Singapore's lead as an international financial centre that connects global markets, supports Asia's development and serves Singapore's economy.
Bu hikaye The Straits Times dergisinin September 16, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Straits Times dergisinin September 16, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Many old faces retain key posts in Modi's new Cabinet
Indian Prime Minister Narendra Modi’s new coalition government on June 10 appointed Ms Nirmala Sitharaman as finance minister for a second consecutive term, the government said in a statement.
PANG PERSISTS FOR S'PORE VICTORY
Endurance propels I7-year-old to maiden Tour win at rain-delayed Ladies Masters
MBAPPE WILL BE UNSTOPPABLE: CISSE
Les Bleus captain back to his best with club future settled, says former France forward
SUPERSUB WEGHORST DELIVERS
Striker continues to shine on the big stage, scoring 83rd-minute winner against Poland
Ashwath, 8, wants to be one of youngest grandmasters
Having become the youngest player to beat a grandmaster recently, eight-year-old Ashwath Kaushik has set his sights on attaining chess’ highest rank soon.
BOL RELISHES 'NICE BATTLE' AT OLYMPICS
She seeks best form for highly anticipated hurdles race against McLaughlin-Levrone
GHALIB DOWNS THE MONKEY
Up-and-coming 4YO rolls hot favourite after ace rider Nunes stacks up the speed in front
Less meat on menus and fewer new venues: How the Olympics are trying to go green
Paris event organisers pledge to halve greenhouse gas emissions from London and Rio levels.
Investing in sustainability offers long-term opportunities: GIC
It sees prospects for market growth, better returns even as climate change risks rise
Bitcoin miners pivot to South-east Asia after China crackdown
The 6.9ha cement slab in the middle of a Borneo industrial area once belonged to a logging company. Long ago, that business abandoned the site to the elements, leaving just rudimentary structures and a four-storey concrete birdhouse made to lure swiftlets whose nests, built with saliva, fetch high prices in China.
