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S'pore's finance sector needs better resilience

McKinsey: Dealing from a position of strength will help it cope with future upheavals

LOCAL business confidence eased slightly in the third quarter of 2014 due to a pullback in regional demand as well as renewed uncertainties and fiscal headwinds in the global economy - PHOTO: SPH

[SINGAPORE] Singapore may have remained steadfast in the face of the recent global financial crisis (GFC), but it is not immune to future threats of this nature nor to the upheaval in global markets, given the internationalisation of its domestic financial services sector.

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