Tag: MAS

MAS: Economy may grow more than 6% but recovery to remain uneven

Singapore — The Singapore economy is expected to grow faster than forecast in 2021 despite one of the worst recessions in 2020. The gross domestic...

S’pore to contribute S$27.7m to IMF for low-income countries coping with Covid-19, MPs show...

Singapore – Parliamentarians supported Singapore's US$20.57 million (S$27.7 million) contribution to the International Monetary Fund (IMF) initiatives to help the vulnerable and low-income countries...
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Singapore businessman charged in record S$1 billion fraud case

Singapore – A 33-year-old businessman was charged in court on Monday (Mar 22) for his involvement in an alleged fraud case involving at least...

Hongbao this Chinese New Year goes electronic

Singapore – It's about a month before the Chinese New Year, which falls on Feb 12 this year. In a move to reduce queues...

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...
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