MAS managing director Ravi Menon

Fintech

Singapore considers extending fintech funding beyond 2020

SINGAPORE (Nov 11): Singapore’s central bank is poised to extend funding for financial-technology initiatives because the five-year round ending in March has yielded positive results, its top offic

Banking & finance

Singapore wants to become an Asian Hub for virtual banks

SINGAPORE (Nov 8): Singapore’s welcome mat to virtual banks is going beyond its own shores.

SE Asian economies

US currency manipulation threat puts Asia nations on guard

(Oct 24): Asia is bracing for the latest US Treasury report on foreign currency manipulators, coming in the middle of a trade war that shows no sign of ending.

In print this week

Singapore central bank chief says policy stimulus may not be necessary

SINGAPORE (Mar 4): Singapore’s monetary policy stance remains appropriate for current conditions and there is no need for policy stimulus if the economy performs as expected, central bank managing

Fintech

Ravi Menon – the architect of Singapore's financial revolution

(Dec 29): His words don't carry a fraction of Fed Chair Janet Yellen's power to move markets; nor do his actions possess the strength of Haruhiko Kuroda's balance-sheet maneuvers at the Bank of Jap

MAS says 1MDB-linked penalties heavy enough

SINGAPORE (June 29): The penalties Singapore handed out in relation to its probe into 1Malaysia Development Bhd-related fund flows were strong enough to send "deterrent" signals, said its regulator

Singapore launches unit to fight money laundering

SINGAPORE (Aug 1): Singapore's central bank on Monday formally launched a unit to fight money laundering, strengthening the financial hub's safeguards against illicit fund flows.

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