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Markets

Singapore lures in the rich with friendly rules and subsidies

Japan's Nomura sees opportunity in private banking in city state

Singapore attracted even more investments from wealthy individuals during the COVID-19 pandemic.   © AP

SINGAPORE -- Singapore is becoming the playground of the super wealthy. With its low-tax regime and its free-market credentials, foreign funds and assets have been flowing into the country even during the pandemic. On their tail, their wealthy owners have also rocked up to the Monaco of the east, some fleeing the political instability in Hong Kong.

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