To protect the interests of foreign domestic helpers, the Monetary Authority of Singapore (MAS) strongly prohibits remittance firms to continue providing loan services to these hapless domestic workers. Such prohibition will be implemented beginning September 10, 2019. However, the rule will not cover existing loans, including restructured and refinancing loans. “MAS continues to monitor the … Continue reading Remittance firms charging maids exorbitant interest fees on loans will be stopped, says MAS