{
  "id": 1882671,
  "title": "Singapore rolls out new foreign work pass track, tax exemptions for asset management industry",
  "url": "https://urgent.news/2026/08/19/singapore-rolls-out-new-foreign-work-pass-track-tax-exemptions-for-1882671",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T06:51:56.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/singapore/asset-management-industry-foreign-work-pass-track-tax-exemption-mas-6328001"
  },
  "original_language": "en",
  "account": "Singapore's Monetary Authority of Singapore (MAS) announced a series of measures to bolster the country's standing as a premier asset management hub. Among these initiatives is a new foreign work pass track aimed at recruiting senior professionals in the industry under the Overseas Networks and Expertise (ONE) Pass framework. The Industry's annual growth has averaged 7.5% over the past five years, reaching about S$7 trillion (US$5.5 trillion) in assets under management and providing approximately 25,000 jobs, 80% of which are held by local employees.",
  "summary": "The central bank will also introduce a new hedge fund investment programme to anchor global and regional players in Singapore.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNA - Singapore",
        "title": "Singapore rolls out new foreign work pass track, tax exemptions for asset management industry",
        "url": "https://urgent.news/2026/08/19/singapore-rolls-out-new-foreign-work-pass-track-tax-exemptions-for",
        "published": "2026-08-19T06:51:56.000Z"
      },
      {
        "outlet": "Hedgeweek",
        "title": "Singapore moves to cut asset management taxes as HK talent war intensifies",
        "url": "https://urgent.news/2026/08/19/singapore-moves-to-cut-asset-management-taxes-as-hk-talent-war",
        "published": "2026-08-19T08:34:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}