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Singapore Chronicles: Finance

$24.50
To commemorate the 50th anniversary of Singapore’s Independence, the Institute of Policy Studies and Straits Times Press are jointly launching the Singapore Chronicles series in 2015. This 50-volume series seeks to record, explain and offer insights into what makes Singapore, Singapore. Covering a wide range of subjects, from the philosophical to the mundane, the fundamental to the practical, these Singapore Chronicles titles include Constitution, Presidency, Housing, Transport, Demography, CPF, Sports and Food. Each volume in this series will serve as a primer on the subject. Written by leading experts, they will focus on key aspects of the subject, providing analysis as well as an historical account. Readers will gain an insight into what makes Singapore tick and also why it has chosen certain “paths un-trodden”.
FINANCE
Singapore is one of the premier financial centres in the world. It is one of the biggest markets for the trading of foreign exchange and financial derivatives, and home to hundreds of global financial institutions, from banks and insurers to oil traders and hedge fund managers. This book traces the development of Singapore’s financial sector from its early supporting role in a thriving British colonial trading outpost to its rapid expansion after the nation’s Independence in 1965. It is the story of how policymakers here managed to maintain a reputation for regulation and supervision of a high standard, and yet take risks to innovate boldly and seize global opportunities when they arose.
The Author
Mr Ignatius Low spent 17 years at The Straits Times, Singapore’s national broadsheet. Starting as finance correspondent at the paper’s Money desk, he eventually rose to become Money Editor, News Editor and Deputy Editor. Prior to joining the paper in 1999, he spent four years in Singapore’s Administrative Service, where he was posted to the Ministry of Finance and the Monetary Authority of Singapore (MAS). During that time, he was involved in various aspects of the broad-ranging review of the financial sector conducted by the Financial Sector Review Group chaired
by then-Deputy Prime Minister Lee Hsien Loong. In 2011, he co-authored Sustaining Stability, Serving Singapore – a comprehensive account of MAS, commissioned for its 40th anniversary. Having left journalism in 2016, he is currently head of the Singapore Press Holdings’ integrated media solutions team.