Restructuring yoke to weigh on Singapore this year: DBS CEO
2015 is a crucial year, but he believes the US economy can power Asia's export engines
Singapore
SINGAPORE'S efforts to restructure its economy will become even more critical this year, amid concerns over easing inflation and the weakening of economic prospects here and abroad, the chief executive of DBS Piyush Gupta suggested on Wednesday.
Speaking to private-banking clients at a seminar, he said: "2015 is a very, very important year for our country. It's important because this whole scope of transitioning the economy and restructuring the economy is very sensitively poised."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations