This in turn has established Singapore as a “trusted” base for businesses and investors which they can invest in and leverage as a platform to tap regional opportunities. Furthermore, AI adoption, innovative fintechs, wealth management, banking and insurance services add dynamism to Singapore’s financial centre, says Chia.
Singapore’s central bank told around 1,500 ultra-high-net-worth individuals, entrepreneurs, family offices and corporate leaders that the “safety, stability, trust and dynamism” that define Singapore’s financial centre offers “significant value”. The remarks were made by Monetary Authority of Singapore (MAS) director Chia Der Jiun and came against the backdrop of heightened geopolitical tensions and economic uncertainty.
Making the keynote speech at the UBS Asian Investment Conference Singapore Wealth Edition held on May 25, Chia says that a strong commitment to a transparent and predictable legal framework, trusted governance, sound macroeconomic management and a supportive pro-business environment have contributed to Singapore’s reputation for “safety” and “stability”.
