Singapore studies reform

Singapore announced yesterday it would engage consultants to introduce reforms for its key financial sector despite current regional…

Singapore announced yesterday it would engage consultants to introduce reforms for its key financial sector despite current regional uncertainties stemming from a currency crisis. The Deputy Prime Minister, Mr Lee Hsien Loong, said the recommendations of the "strategy consultancy firm" would be announced in phases and implemented beginning early next year. "We have engaged external advisers, and are in the process of commissioning a strategy consultancy firm to do a study," he told business leaders at a function to mark the 10th anniversary of the Singapore stock exchange's second board.