Malaysia's central bank, Bank Negara Malaysia has urged the banking industry to adopt new innovation in their product offering to meet the demands of the new economy.
Despite this, the study pointed out that Singapore still offers some of the highest expatriate salary and benefits packages in the region, with some of the lowest tax rates.
Johari also rebuked allegation made by in a report published by Singapore Straits Times on 10 May, claiming two members from the Budiman Committee was relieved of their duties.
According to JLL Singapore, the engine of growth for the private investment market sales was the office sector, whose investment sales took the lion share of 47.5%, worth $2.12b.