Definition of “business trust”
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A business trust is a business enterprise structured as a trust. A business trust (“BT”) is a business enterprise structured as a trust....
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- MAS
- Recent Economic Developments
Last revised date:
- This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 21 February 2022 Highlights The global economy expanded by 5.3% in 2021, marking a strong rebound from the COVID-induced contraction of 3.0% in 2020. The major advanced economies (AEs) have recovered more rapidly than emerging market economies (EMEs). This mainly reflected AEs more generous
- MAS
- Recent Economic Developments
Last revised date:
- This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 21 February 2022 Highlights The global economy expanded by 5.3% in 2021, marking a strong rebound from the COVID-induced contraction of 3.0% in 2020. The major advanced economies (AEs) have recovered more rapidly than emerging market economies (EMEs). This mainly reflected AEs more generous
- MAS
- Speeches
Last revised date:
- Mr Loh Boon Chye, CEO of SGX Ladies and Gentlemen Good afternoon. I am delighted to join you at the inaugural SGX Equities Dialogue. A Challenging Start 1 2016 has started on a challenging note for global stock markets. The first trading week of this year alone saw global markets losing close to S$3 trillion 1 , led by sharp declines in the Chinese stock market. The STI Index has fallen by more than 20% during the last 12 months to the lowest level since October 2011. Oil prices are testing lows
- MAS
- Media Releases
Last revised date:
- Singapore, 2 October 2019… The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that 40 finalists have been shortlisted for the FinTech Awards to be presented at this year’s Singapore FinTech Festival x Singapore Week of Innovation and Technology (SFF x SWITCH). 2 The finalists were selected by a panel of industry judges from a total of 245 submissions. Many of the submissions from the growing FinTech community came from sectors such as RegTech
- PDPC
- Commission's Decisions
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- A review application under section 28 (now known as section 48H(1)(a)) of the PDPA was conducted following a failed request by an individual to obtain his full unredacted internal evaluation report prepared by HSBC Bank (Singapore) Limited for the purpose of evaluating his credit card application. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2021] SGPDPC 3 Case No. DP-1810-B2892R In the matter of a review under section 48H(1)(a) of the Personal Data Protection Act 2012
- MAS
- Subsidiary Legislation
Last revised date:
- Sets out requirements for trust and revocable nomination on relevant life policy or accident and health policy, including the forms to be used for such purpose. 10 Jul 2023 Insurance (Nomination of Beneficiaries) (Amendment) Regulations 2023 (130.1 KB) takes effect on 2 Jan 2024. 15 Dec 2020 Insurance (Nomination of Beneficiaries) (Amendment No. 2) Regulations 2020 (45.8 KB) takes effect on 2 Jan 2021. 30 Sep 2020 Insurance (Nomination of Beneficiaries) (Amendment) Regulations 2020 (50.7 KB) takes
- MAS
- Forms and Templates
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- ___ We are currently experiencing a high volume of applications. Please expect a delay in our response as we will require additional processing time when you submit an application. ___ Existing payment services licence holders must submit Form 2 online to vary or change their licence. About Form 2 Form 2 applies to existing payment services licence holders who wish to vary or change their licence under Section 7 of the Payment Services Act (PS Act) . How to Submit All submissions must be made via
- MAS
- Media Releases
Last revised date:
- Singapore, 15 Sep 2017… The Monetary Authority of Singapore (MAS) today announced the finalists for the 2017 Global FinTech Hackcelerator and FinTech Awards. The Global FinTech Hackcelerator and FinTech Awards are among the highlights of this year’s Singapore FinTech Festival , which will take place in Singapore from 13 to 17 November 2017. Global FinTech Hackcelerator 2 In May 2017, MAS published a catalogue of 100 problem statements gathered from the financial industry and invited the global
- MAS
- Speeches
Last revised date:
- I. INTRODUCTION 1 We held our last Staff Seminar in October 2002 against a backdrop of weak global economic conditions and uncertain-ties in the Middle East. We anticipated then that MAS would have to manage within a riskier environment. And this turned out to be so. For us in Asia, the Iraq war and the SARS outbreak weakened business and consumer spending, and caused a major setback to the recovery of the regional economies. However, with the easing of geopolitical tensions and the containment
- PDPC
- Public Consultations
Last revised date:
- US-ASEAN Business Council 100 Beach Road, #22-04/05 Shaw Tower, Singapore 189702 Tel (65) 6339-8885 Fax (65) 6339-1982 July 16, 2019 Personal Data Protection Commission 10 Pasir Panjang Road #03-01 Mapletree Business City Singapore 117438 Re: Public Consultation on Proposed Data Portability and Data Innovation Provisions On behalf of the US-ASEAN Business Council1 (“US-ABC”) and its members, thank you for this opportunity to comment on the Personal