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    • MAS
    • Media Releases

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    • Singapore, 1 August 2016… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced today that the submission of entries for the FinTech Awards will be open from now till 31 August 2016. The FinTech Awards, comprising the MAS FinTech Awards and ABS Global FinTech Award, will be part of the inaugural Singapore FinTech Festival that will be held during 14 – 18 November 2016. The Awards recognise innovative FinTech solutions that have been implemented by FinTech
    • PDPC
    • Public Consultations

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    • PUBLIC CONSULTATION FOR APPROACHES TO MANAGING PERSONAL DATA IN THE DIGITAL ECONOMY Organisation: Singapore Health Services Contact Person: Kwek Li Ling | Manager, GCOO’s Office | Singapore Health Services Address: 168 Jalan Bukit Merah, #16-01 Surbana One, Singapore 150168 DID: (65) 6377-7599 Email: kwek.li.ling@singhealth.com.sg 1 -------- Question 1: Should the PDPA provide for Notification of Purpose as a basis for collecting
    • MAS
    • Media Releases

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    • Chongqing, 4 November 2019… More than 500 government officials, central bankers, financial sector professionals and corporate leaders from China and ASEAN gathered at the second China-Singapore (Chongqing) Connectivity Initiative (CCI) Financial Summit in Chongqing to discuss ways to enhance finance and trade linkages between China’s Western region and Southeast Asia. The theme of this year’s Summit is Financial Connectivity along the “Belt and Road” ─ Financial Opening and Innovation to Promote
    • MAS
    • Media Releases

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    • Singapore, 26 July 2022… The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate FinTech solutions in Asia. The Programme is a collaboration under MAS’ Project Greenprint Project Greenprint is a programme under the MAS Green Finance Action Plan. It aims to harness innovation and technology to promote the green finance ecosystem, through the development of interoperable data platforms
    • MAS
    • Consultations

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    • This consultation paper sets out MAS' review, including clarification, of issues related to the scope, coverage and operation of the PPF Scheme, for more effective implementation by PPF Scheme members. Response VIEW DOCUMENT Response to Feedback Received on Proposed Enhancements to the Deposit Insurance Scheme and Legislative Amendments to the Deposit Insurance and Policy Owners' Protection Scheme (1.2 MB) Consultation Paper VIEW DOCUMENT Consultation Paper on Review of Policy Owners’ Protection
    • MAS
    • Consultations

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    • This consultation paper sets out the revised target fund sizes and levies for the PPF Life and PPF General Funds using data from insurance companies as at end 2009, as well as MAS' proposals on the disclosure requirements in relation to the PPF Scheme. Response VIEW DOCUMENT Response to Feedback: Third Consultation Paper on Policy Owners' Protection Fund (71.9 KB) Consultation Paper VIEW DOCUMENT Third Consultation Paper on Policy Owners' Protection Fund (238.9 KB) RESPONSE TO FEEDBACK RECEIVED
    • MAS
    • Media Releases

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    • Singapore, 21 February 2023…The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) today launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will enable customers of participating financial institutions in Singapore and India Singapore participants are DBS and Liquid Group. India participants are Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India. Liquid Group is the first non-bank financial
    • MAS
    • Speeches

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    • 1   The Minister for Education, Mr Ong Ye Kung, on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister-in-charge of the Monetary Authority of Singapore (“MAS”), today moved the Currency (Amendment) Bill (“the Bill”) for first reading in Parliament. BACKGROUND Legal Tender Limits for Coins 2   Under the Currency Act (Cap. 69) (“CA”), legal tender limits are placed on the amount of each coin denomination that can be used for payment. This is to minimise inconvenience to vendors
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 17 March 2015 ... The Ministry of Finance (MOF), Inland Revenue Authority of Singapore (IRAS) and Monetary Authority of Singapore (MAS) today published its responses to public feedback on the draft Income Tax Regulations and E-Tax Guide relating to the implementation of the Singapore-US Foreign Account Tax Compliance Act (FATCA) Intergovernmental Agreement (IGA). 2   A total of 567 suggestions were received from the public consultation exercise held from 22 September to 17 October 2014
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 17 March 2015 ... The Ministry of Finance (MOF), Inland Revenue Authority of Singapore (IRAS) and Monetary Authority of Singapore (MAS) today published its responses to public feedback on the draft Income Tax Regulations and E-Tax Guide relating to the implementation of the Singapore-US Foreign Account Tax Compliance Act (FATCA) Intergovernmental Agreement (IGA). 2   A total of 567 suggestions were received from the public consultation exercise held from 22 September to 17 October 2014