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Wealth creation ‘next natural step’ in Singapore’s economic development, says Morgan Stanley

Felicia Tan
Felicia Tan • 9 min read
Wealth creation ‘next natural step’ in Singapore’s economic development, says Morgan Stanley
The bank has estimated that the city-state’s household net assets will double to reach US$4 trillion by 2030. DBS, CapitaLand Investment, Sembcorp among “key ways to play”. Photo: Bloomberg
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Singapore is ideally positioned for success in today’s increasingly multi-polar and geopolitically complex world, says the team at Morgan Stanley. The team comprises analysts Nick Lord, Mayank Maheshwari, Derrick Kam, Lee Da Wei, Divya Gangahar Kothiyal, Derek Chang, Li Aitong, Jonathan Garner, Daniel Blake, Praveen Choudhary, Ryan Heng, Eileen Lim, Kristal Ji and Anson Lee.

This is due to the city-state’s serving as a “safe harbour” for global capital thanks to its focus on strong governance, stable macro policies and commitment to international law and cooperation.

As such, the team believes wealth creation is the “next natural step” in Singapore’s economic development after the city-state has achieved “extraordinary economic success” so far.

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