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Monetary Authority Of Singapore Extends Training Support Measures To Foster Skills Development In New Growth Areas

Monetary Authority Of Singapore Extends Training Support Measures To Foster Skills Development In New Growth Areas
Date
25/06/2021
The Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF) announced today extensions to the enhanced training support measures to build capabilities and strengthen employability of the local workforce. These extended measures will be progressively reduced and cease on 1 July 2022.

2 Since the introduction of these measures in April 2020 and extension of training support (including the inclusion of deep-tech courses) in November 2020, training participation has increased over 60% year-on-year. Close to 500 financial institutions have tapped on these measures. While economic activities have progressively resumed and the financial sector has performed relatively well amidst the crisis, uncertainties remain in the economic environment. To ensure that financial institutions, FinTech fir ....

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Singapore Issues Measures to Enhance Job Retention in Financial Sector

Singapore Issues Measures to Enhance Job Retention in Financial Sector
Singapore Issues Measures to Enhance Job Retention in Financial Sector
December 10, 2020 Posted by ASEAN Briefing
Written by
Ayman Falak Medina
Reading Time:
2 minutes
The Monetary Authority of Singapore (MAS) and the Institute of Banking Finance (IBF) have issued measures to enhance job retention in the country’s financial sector.
These measures include launching a new work-study program for graduates, as well as extending the subsidies for courses and training programs until June 2021.
Despite Singapore’s economy shrinking in 2020, the financial sector grew by over five percent and saw an employment uptake of over 1,000 people. ....

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