Fri, Jul 13, 2018 – 10:26 AM
SINGAPORE is positioned to support the region’s development by financing infrastructure and enterprise in Asia, including bringing in private capital, said Finance Minister Heng Swee Keat on Friday.
The Republic’s adoption of digital technology can improve transaction efficiency and raise financial inclusion, he added, calling higher access to financial services “a key priority under our Asean chairmanship”.
But, citing the Asian and global financial crises of the past two decades, Mr Heng cautioned that “proper risk management” is also needed.
“As we grow and develop our financial sector to serve the needs in the real economy, we must take proper risk management. At the macro level, to maintain our resilience, we must also be prepared for…
