Economic restructuring a work in progress: Menon

Singapore

SINGAPORE's economic restructuring remains a "work-in-progress" and it needs to do more to raise productivity, the managing director of the Monetary Authority of Singapore (MAS) has said.

Mr Ravi Menon, said at the UBS Wealth Insights conference on Monday that Singapore is not immune to the tightening of global financial conditions, volatility in capital flows and other stresses, but its macro fundamentals are sound.