Monetary Authority of Singapore (MAS)

Singapore economy

Singapore's financial sector agile and 'resilient' amid Covid-19: MAS's Ravi Menon

SINGAPORE (June 3): The financial sector in Singapore has been “remarkably resilient” amid Covid-19, says Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). 

Banking & finance

Singapore's broad money supply inches up 12.4% in April, following $22.6 billion increase in foreign reserves

SINGAPORE (Jun 1): Singapore’s foreign reserves increased by $22.6 billion in April, bringing the republic’s total foreign reserve repository to $301.8 billion.

Debt and defaults

Debt danger lurks in Covid-19 shadow

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

Singapore economy

Singapore inflation falls into the red in April, amid circuit breaker measures restricting services and retail consumption

SINGAPORE (May 26): Singapore’s headline and core inflation continued their decline, falling deeper into the red in March.

Fintech

MAS, SFA, and AMTD launch $6 mil grant to support Singapore FinTech firms

SINGAPORE (May 13): The Monetary Authority of Singapore (MAS) along with Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation (collectively known as AMTD) launched a $6 mil

Regulatory Action

SGX RegCo removes 'blunt' MTP tool, enhances financial watch-list

SINGAPORE (May 11): The minimum trading price (MTP) rule, which has been a thorn in the flesh for many companies, will be removed effective June 1, according to the Singapore Exchange Regulation (S

Singapore economy

Job losses and wage declines expected

SINGAPORE (Apr 30): Layoffs and unemployment are expected to mount in Singapore this year despite fiscal measures such as the Jobs Support Scheme (JSS) which provides a blanket wage subsidy for all

Singapore economy

Downside risks growing for Singapore’s economy

SINGAPORE (Apr 30): The Monetary Authority of Singapore’s (MAS) latest take on the Covid-19 pandemic’s effect on Singapore’s economy makes for sombre reading.

Singapore economy

Singapore economy to see worst contraction since independence if Covid-19 drags on: MAS

SINGAPORE (Apr 30): Singapore’s GDP staged a grim 2.2% year-on-year contraction in the first quarter of the year, amid disrupted global supply chains and uncertainty over the course of the Covid-19

Tech

MAS to support cloud-based G20 TechSprint for banks and financial regulators to work with fintech firms on tech solutions

SINGAPORE (Apr 29): The Monetary Authority of Singapore (MAS) will be supporting the inaugural G20 TechSprint initiative, launched by the Saudi G20 Presidency and the Bank for International Settlem

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