On The Ground

Financial sector's credibility is key to S'pore's economic success

The financial sector accounts for about 15 per cent of the nation's gross domestic product. PHOTO: AFP
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Establishing and maintaining a clean and trusted financial hub has been at the core of Singapore's economic success.

While its strategic geographical location made it a port of choice on the world shipping map, the emergence and continued growth of credible financial services assured thriving trade flows.

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A version of this article appeared in the print edition of The Straits Times on November 05, 2020, with the headline Financial sector's credibility is key to S'pore's economic success. Subscribe