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    • MAS
    • Macroeconomic Reviews

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    • Contents PDF (174.8 KB) Preface PDF (128.3 KB) Highlights PDF (158.7 KB) Monetary Policy Statement PDF (216.6 KB) Chapter 1 Macroeconomic Developments Box A: Trade and Regional Production Networks Box B: Characterising the Present Downturn: Its Depth, Duration, Speed and Breadth PDF (565.9 KB) Chapter 2 Wage-Price Dynamics PDF (293 KB) Chapter 3 Outlook Box C: The Jobs Credit Scheme: A Graphical Illustration/ PDF (667.1 KB) Special Feature A: Sectoral, Industry and Employment Business Cycles in Singapore
    • MAS
    • Media Releases

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    • Bandar Seri Begawan, 12 May 2018… The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. 2     The FinTech CA will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between both countries. It will also establish a framework for both authorities to provide support
    • MAS
    • Media Releases

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    • Seoul, 24 October 2016… The Monetary Authority of Singapore (MAS) and the Korean Financial Services Commission (KFSC) today signed a cooperation agreement to foster greater cooperation in FinTech. The signing took place at the sidelines of the FinTech Demo Day organised by the Korean FinTech Centre. 2    The agreement provides a framework for cooperation in FinTech between Singapore and South Korea. Under the agreement, MAS and KFSC will explore potential joint innovation projects on technologies
    • MAS
    • Media Releases

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    • Chiang Rai, Thailand, 4 April 2019… The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) today signed a Memorandum of Understanding (MOU) to strengthen cooperation in FinTech innovation between both countries. 2     Under the MOU, both countries will share information on emerging market trends and developments in FinTech, as well as regulatory issues pertaining to innovation in financial services. The two authorities will work together to conduct joint training sessions
    • MAS
    • Speeches

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    • Mr Raymond Ng, Conference Chairman Mr David Choo, AFA President Distinguished guests, ladies and gentlemen A very good morning. Introduction Thank you for inviting me to speak at AFA’s annual conference once again. For the financial advisory industry to thrive, it must be seen as trustworthy. Trust takes years to build and can be eroded quickly when large scale misconduct or scandals occur. Poor culture and conduct is widely accepted as one of the key root causes of major conduct failings in the
    • MAS
    • Economic Essays

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    • By the Economic Policy Group, Monetary Authority of Singapore This study was published as Special Feature B in the October 2020 Macroeconomic Review. 102 Macroeconomic Review | October 2020 Special Feature B Issues and Challenges in the Fiscal Policy Response to COVID-19 COVID-19 has led to an economic crisis of historic proportions. While monetary policy has played an important role in stabilising financial markets and ensuring sufficient liquidity for corporates and households
    • MAS
    • Macroeconomic Reviews

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    • For households, relief was provided in the form of one-off GST Voucher special payments and Service and Conservancy Charges (S&CC) rebates, with the lower-income former households.
    • MAS
    • Speeches

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    • Mr Rodney Lim, IMAS Regulatory Committee Chairman, Panel Speakers, Members of IMAS, Ladies and gentlemen, Introduction 1     Good afternoon and thank you for having me at this year’s IMAS Regulatory Forum again. As we get ready to welcome the Lunar New Year, it is an appropriate time for us to take stock of developments in 2017, and look forward to what is to come in the year ahead. Taking Stock of 2017 2      2017 was a fairly hectic year in terms of global regulatory developments. I am sure many
    • MAS
    • Macroeconomic Reviews

    Last revised date:

    • Contents, Preface and Highlights PDF (144.2 KB) Monetary Policy Statement PDF (75.3 KB) Chapter 1 Macroeconomic Developments PDF (350.5 KB) Chapter 2 Wage-Price Dynamics PDF (194.8 KB) Chapter 3 Outlook Box A: The Short-term Wealth Effects of Property and Stock Prices in Singapore PDF (476.6 KB) Special Feature A: Wages and Export Prices in China: Implications for Global Inflation Box B: Has China Reached its Lewisian Turning Point? PDF (263.2 KB) Special Feature B: Product Price Targeting-A New
    • MAS
    • Consultations

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    • Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Public Disclosure Requirements for Regulatory Capital (2.82 MB) CONSULTATION PAPER P001-2022 March 2022 Draft Public Disclosure Requirements for Regulatory Capital for Singapore-incorporated Banks Monetary Authority Of Singapore 1 -------- CONSULTATION PAPER ON DRAFT PUBLIC DISCLOSURE REQUIREMENTS FOR REGULATORY CAPITAL