Monetary Authority of Singapore (MAS)

Budget 2020

Singapore leans more heavily on returns from GIC, MAS, Temasek

SINGAPORE (Feb 21): The net investment returns contri­bution (NIRC) is expected to be the single largest contributor to Sin­gapore’s coffers this year under Budget 2020.

Singapore economy

Singapore dollar could tumble to 2017 low as potential policy easing looms

(Feb 19): Singapore’s currency may tumble to the lowest level since 2017 if the central bank responds as strongly to the spread of the coronavirus as it did to the SARS epidemic two decades ago.

Singapore economy

Government, economists slash growth forecasts as coronavirus outbreak threatens to send Singapore into recession

SINGAPORE (Feb 17): Singapore’s Ministry of Trade and Industry (MTI) as well as private sector economists have cut the city state’s GDP growth forecasts for 2020.

Global Economy

Equity markets recover, but growth subdued by coronavirus

SINGAPORE (Feb 7): In spite of the novel coronavirus contagion, which continues to spread and claim lives, equity markets are starting to recover.

CoVid-19

MAS to keep monetary policy stance unchanged even as coronavirus outbreak threatens to rattle economic growth

SINGAPORE (Feb 5): Singapore’s central bank is keeping its monetary policy stance remains unchanged, amid worries over the weakening of economic conditions as a result of the novel coronavirus outb

Disruption and Digitalisation

Zall Smart Commerce joins Singapore digital bank licence race

(Jan 21): Zall Smart Commerce Group, a Chinese business-to-business e-commerce company, said it’s part of a group applying for a digital wholesale banking licence in Singapore, joining the race to

Funds

MAS, ACRA launch Variable Capital Companies framework

SINGAPORE (Jan 15): The Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) on Wednesday launched the Variable Capital Companies (VCC) framework.

Disruption and Digitalisation

21 groups submit bids for Singapore digital bank licences: MAS

SINGAPORE (Jan 7): A total of 21 groups have submitted bids for Singapore’s digital bank licences as at the close of application on Dec 31, 2019, the Monetary Authority of Singapore (MAS) announced

Singapore economy

Analysts look forward to better year ahead as Singapore's 2019 GDP sinks to slowest growth since financial crisis

SINGAPORE (Jan 2): Analysts expect a “tepid recovery” for the Singapore economy in 2020, after advance GDP estimates released Thursday pointed to the worst growth performance for the city state sin

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