MAS sets 4.3% annual growth target for financial industry

SINGAPORE (Oct 30): The Monetary Authority of Singapore (MAS) on Monday introduced an industry transformation map (ITM) for the rapidly changing financial services industry.

Together with key financial services firms, MAS aims to buttress Singapore as a key financial centre for the region, capture new growth areas as well as move into higher value ones, and create more jobs.

“This ITM paints our vision for Singapore’s financial centre and our action plan to achieve it. It is an evolving blueprint that will help us stay on top of the game,” says MAS board member Minister Ong Ye Kung at the launch of the ITM on Oct 30.

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