A. Ministry of Finance
B. Monetary Authority of Singapore
C. Singapore Exchange
D. Ministry of Trade
Detailed Explanation:
Singapore is already one of Asia’s major financial centres. However, it faces competition from other financial hubs, especially Hong Kong.
To attract more investment and experienced professionals, MAS announced several measures. These include tax exemptions on certain profits earned by fund managers and a new foreign work-pass track for senior professionals.
A new hedge-fund investment programme is also planned to attract global and regional players.
Important Exam Facts
- Date: August 19, 2026
- Country: Singapore
- Authority: Monetary Authority of Singapore
- Sector: Asset management
- Main aim: Attract investment and financial professionals
- New measure: Foreign work-pass track
- Other measure: Tax exemptions
- New programme: Hedge-fund investment programme
- Main competitor mentioned: Hong Kong
Related MCQs
Q1. What industry is Singapore trying to strengthen through the new measures?
A. Agriculture
B. Asset management
C. Mining
D. Textile production
Q2. What is MAS?
A. Monetary Authority of Singapore
B. Malaysian Accounting Service
C. Monetary Association of Southeast Asia
D. Ministry of Asian Securities
Q3. Which city is a major competitor to Singapore in the financial sector?
A. Jakarta
B. Bangkok
C. Hong Kong
D. Manila
Q4. What new facility is being introduced for senior foreign professionals?
A. Student pass
B. Foreign work-pass track
C. Tourist pass
D. Investor passport
Q5. Which investment programme is Singapore planning to introduce?
A. Gold investment programme
B. Hedge-fund investment programme
C. Agriculture investment programme
D. Tourism investment programme
Key Points
- MAS announced the measures.
- Singapore wants to remain a leading financial centre.
- Tax benefits will help attract fund managers.
- A new work-pass route will target senior professionals.
- Singapore is competing with other financial centres such as Hong Kong.
Exam Tips — What Can Be Asked?
Remember the connection:
MAS → Singapore → Asset Management → Tax Benefits → Foreign Work Pass → Hedge Funds