You are here

S'pore's unique tack on financial globalisation

It's a pragmatic and opportunistic approach rather than ideology-driven, with a willingness to alter or even reverse policy actions if and when the need arises.

As a fully developed global financial centre, Singapore must tread more gingerly now, since it's much more susceptible to the vagaries of the international financial markets.

ACCORDING to the 2016 update of the Global Financial Centres Index (GFCI) compiled by the London- based research firm Z/Yen Group, Singapore is ranked third out of 86 global financial centres after London and New York, and marginally ahead of Hong Kong. 

Singapore's ascendancy into the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to