The wealthy Asian city state of Singapore, which has become one of the world’s most important financial centers in recent years, continues its push toward making itself a global gold hub to rival New York and London.
Singapore has been trying to persuade Thailand's top five gold traders to establish footholds in the city-state as it aims to become a center for gold price referencing in Southeast Asia before the ASEAN Economic Community (AEC) takes shape in 2015, according to the The Nation.
It reports that the Singaporean government dispatched a team to Thailand to offer relaxed regulations and tax incentives to traders who open offices in that country. It wants to become a reference center for global gold prices. Full story
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