SINGAPORE, April 29, 2022 – The ASEAN+3 Macroeconomic Research Office (AMRO) today announced the expansion of its office space in Singapore, located at the MAS Building in Shenton Way.
The opening ceremony was graced by officials from AMRO’s host authorities, Mr. Ping Yi Yee, Deputy Secretary, Singapore Ministry of Finance; and Mr. Sing Chiong Leong, Deputy Managing Director, Monetary Authority of Singapore, and other invited guests.
“The expansion of our office space is crucial to supporting AMRO’s growth in the next few years as we play a bigger role in contributing to the macroeconomic and financial stability in ASEAN+3,” said Mr. Toshinori Doi, AMRO Director. “I would like to express my appreciation to our host authorities, the Singapore Ministry of Finance and Monetary Authority of Singapore, for their generous hospitality over years.”
With this expansion, AMRO now sits on 23,000 square feet of office space, allowing the organization to meet the needs of its medium-term growth plan.
The new office space is equipped with modern digital workplace solutions to support the post-pandemic working environment, including a media room and phone booths to enable secure and seamless virtual meetings; as well as other facilities such as a nursing room and a prayer room to promote a more inclusive and diverse working culture.
AMRO was first established as a company limited by guarantee in Singapore in 2011, following the agreement by ASEAN+3 Finance Ministers in 2009 to set up a regional surveillance unit to promote objective economic monitoring.
On February 9, 2016, AMRO was converted into an international organization, enabling the organization to function effectively as an independent surveillance unit in ASEAN+3.
AMRO commemorated its 10-year anniversary in December 2021.
The ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization established to contribute toward securing macroeconomic and financial stability of the ASEAN+3 region, comprising 10 members of the Association of Southeast Asian Nations (ASEAN) and China; Hong Kong, China; Japan; and Korea. AMRO’s mandate is to conduct macroeconomic surveillance, support the implementation of the regional financial arrangement, the Chiang Mai Initiative Multilateralisation (CMIM), and provide technical assistance to the members.
From left to right: Mr. Yoon Kyung Kim, Deputy Director, AMRO; Mr. Ping Yi Yee; Mr. Toshinori Doi; Mr. Sing Chiong Leong; Dr. Hoe Ee Khor, Chief Economist, AMRO