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MAS to prioritise keeping workers employed and upskilling workers through training opportunities as demand for digital services become stronger, says deputy MD Loh

Felicia Tan
Felicia Tan • 5 min read
MAS to prioritise keeping workers employed and upskilling workers through training opportunities as demand for digital services become stronger, says deputy MD Loh
In her speech, Loh adds that Singaporeans have to “remain open and welcome global talent” that complement the country’s workforce. Employers, on the other hand, should hire in a “responsible manner and commit to growing the local talent pool."
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The Monetary Authority of Singapore (MAS)’s deputy managing director Jacqueline Loh says the central bank has three priorities to support the local workforce in the country’s financial sector.

Highlighting the priorities in her keynote speech at the SGUnited Financial Sector Jobs & Skills Fair earlier today (Aug 12), the priorities are, “protecting livelihoods”, “creating opportunities”, and “strengthening the Singapore Core”.

Loh says these priorities come amid a “challenging” economic environment, and that we have to expect that new job creation in the financial sector will be “slow”. She adds that retrenchments are also “likely to pick up”.

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