Economy

This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.

The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.

Funding and winding down of the pandemic’s impact on the economy will push this market.

Even with the suspension lifted, banks will still have difficulties accessing foreign currency funding.

The Monetary Authority of Singapore’s (MAS) tightening of monetary policy to benefit banks operating in Singapore, according to Moody's Investor...