Tag: MAS

MAS Chief: As much as 20% of Singapore’s economy faces ‘deep scarring’ from pandemic

Singapore—The managing director of the Monetary Authority of Singapore, Ravi Menon, warned on Monday (Oct 12) that the current pandemic may cause “deep scarring”...

DBS Bank says “very difficult” to stop questionable transactions

Singapore — In response to the FinCEN Files investigation published on Sunday (Sept 20) based on "Suspicious Activity Reports" showing that criminals moved around...

Ong Ye Kung explains the high number of foreigners in senior management positions in...

Singapore—An article online entitled Are Singapore firms sidelining local talent? contains an explanation from Ong Ye Kung, the country’s Transport Minister and a board...

Singapore braces for worst recession in recent history

Singapore—The Monetary Authority of Singapore (MAS) warned on Tuesday (Apr 28) that the country’s economic growth prospects have gotten even more dire. This means...

Due to high demand, 2 million more Singapore bicentennial S$20 notes to be issued

Singapore—Due to "strong public interest,” the Monetary Authority of Singapore (MAS) has announced that it will issue two million additional Singapore bicentennial S$20 notes,...

Remittance firms charging maids exorbitant interest fees on loans will be stopped, says MAS

To protect the interests of foreign domestic helpers, the Monetary Authority of Singapore (MAS) strongly prohibits remittance firms to continue providing loan services to...

Facebook on why it kept controversial States Times Review post, “We don’t have a...

Facebook has stated its reasons for not assenting to requests from the government of Singapore to remove a post that linked Prime Minister Lee...

Singapore sees worst case of job losses in 14 years

Singapore has seen a total employment contraction of 8,500 in the first quarter of the year, resulting in a 14-year high in job losses...

Ravi Menon’s rise in global profile outshines 1MDB casualties

Despite a contamination of the 1MDB scandal on a global scale, swift action by Monetary Authority of Singapore imposing stricter measures and some fines to...

How did Johari deliberately ignore facts on 1MDB scandal

Lashing at his fellow Member of Parliament from the opposition did Johari Abdul Ghani who is second Finance Minister in Malaysian Prime Minister Najib...
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