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Korimerla
2022-09-15

Singapore to Create Up to 20,000 Finance Jobs Over Five Years

Singapore aims to add as many as 20,000 finance jobs over five years as the government seeks to bols

Singapore to Create Up to 20,000 Finance Jobs Over Five Years

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Korimerla
·2022-09-15
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The country’s political stability attracts rich people from all over the world, a key edge as it vies with Hong Kong and London to manage global wealth flows. The financial sector accounts for 14% of the country’s gross domestic product.</p><p>The MAS “will work with the financial industry to deepen capabilities in asset classes in which Singapore plays a key regional or global role,” in areas including foreign exchange and private-capital markets, it said.</p><p>Singapore exceeded the targets set in its previous five-year plan ended 2020, having created more than 20,000 jobs and attracted $2.56 billion in total fintech investments, MAS said.</p><p>More highlights from the regulator’s roadmap for the sector:</p><ul><li>Plans to become Asia’s center for philanthropy</li><li>Provide S$100 million ($71 million) grant funding for business including green fintech, solutions for climate risk and sustainable finance</li><li>Expand cross-border payment linkages and support tokenisation of financial and real economy assets</li><li>Provide S$400 million funding to help professionals advance their careers</li></ul></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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