Showing 4566 Documents for "economic issues"
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- Speeches
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- Distinguished Guests, Ladies and Gentlemen, Good Evening, 1 I am delighted to be with you this evening to celebrate Deutsche Bank's 35 th Anniversary in Singapore. I am very glad to note as well that today's celebrations is also marked by Deutsche Bank's move to One Raffles Quay, the newest address in our financial district. It is testimony of Deutsche Bank's continued commitment to Singapore. 2 Set up in 1972, we have seen Deutsche Bank Singapore grow in size over the years. It has also witnessed
- MAS
- Monetary Policy Statements
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- 12 April 2004 INTRODUCTION 1 Following a re-centring of the policy band at a lower level in July 2003, MAS has maintained a zero percent appreciation path for the Singapore dollar nominal effective exchange rate (S$NEER). This policy stance was reaffirmed in October last year. MAS assessed this stance to be appropriately accommodative of the recovery in the domestic economy, in a low inflation environment. Chart 1 Nominal Effective Exchange Rate (S$NEER) 2 The S$NEER has generally been under
- MAS
- Parliamentary Replies
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- QUESTION NO 1489 NOTICE PAPER 898 of 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 12 January 2022 Name and Constituency of Member of Parliament Mr Liang Eng Hwa, MP, Bukit Panjang SMC Question: To ask the Prime Minister whether (a) in the last 5 years, what is the annual level of household net wealth and savings respectively; (b) what are the factors contributing to the changes; (c) what proportion of the household net wealth is held in domestic real estate; and (d) whether the COVID-19
- MAS
- Speeches
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- It's a real pleasure to be with you at this opening session of the 2022 International Finance Forum. It comes at a very difficult time for the world in many respects. We have really entered a profoundly uncertain era – uncertain economically, uncertain with regard to our ability to deal with climate change, future pandemics, and the other challenges of the global commons, and uncertain geopolitically. It all comes together, but we have to find, amidst these uncertainties, new bases for optimism.
- MAS
- Monetary Policy Statements
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- 11 April 2006 INTRODUCTION 1 In October last year, MAS maintained the policy of a modest and gradual appreciation of the S$NEER policy band. This policy stance, which has been in place since April 2004, was assessed to be appropriate for containing any rise in inflationary pressures amidst higher global inflation and domestic costs. Chart 1 Nominal Effective Exchange Rate (S$NEER) 2 Over the past six months, the S$NEER appreciated from the lower half to the upper half of the policy band. (Chart
- MAS
- Monetary Policy Statements
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- 11 October 2004 INTRODUCTION 1 In April this year, MAS shifted from a zero percent appreciation path to a policy of modest and gradual appreciation of the S$NEER, against a more favourable growth outlook for the Singapore economy and the risk of rising inflationary pressures. The width of the policy band was kept unchanged. In the event, the economy grew strongly by 11.9% in Q2 2004 on a quarter-on-quarter seasonally adjusted annualised basis, while CPI inflation increased to 1.9% from 1.4% in
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Proposed Regulations to Allow Businesses Related or Complementary to Core Financial Business (105.3 KB) Consultation Paper VIEW DOCUMENT Proposed Regulations to Allow Businesses Related or Complementary to Core Financial Business (236.8 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON PROPOSED REGULATIONS TO ALLOW BUSINESSES RELATED OR COMPLEMENTARY TO CORE FINANCIAL BUSINESS Introduction 1 1.1 In March 2010, the Monetary Authority of
- MAS
- Speeches
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- The Asian Century: What Can Go Wrong? Mr Rob Rankin, distinguished speakers, ladies and gentlemen, good morning. 1. According to Deutsche Bank’s forecasts, China’s economy will become the largest in the world in 2022. India is projected to become the world’s third largest economy by 2015. Pundits have dubbed the 21st century the ‘Asian Century’, much as the 20th century has been described as the ‘American Century’, and the 19th century the ‘British Century’. 2. But Asia’s rise is not a pre-ordained
- MAS
- Speeches
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- Mr Christian Noyer, Governor of Banque de France, Distinguished guests, Ladies and gentlemen, Good morning. For those of you who are coming from abroad, a warm welcome to Singapore. Deleveraging out of a debt overhang 1 Molière, a French playwright considered to be one of the greatest masters of comedy, once offered this sobering thought: “Debts are like children; begot with pleasure and brought forth in pain” . Today, the pain he described is palpitating throughout the world and keeping
- MAS
- Speeches
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- Mr Steven Schwarzman, Chairman and CEO, the Blackstone Group, Distinguished guests Ladies and Gentlemen, 1. I am very happy to join you in marking the opening of Blackstone’s Singapore office. I understand that Singapore is your new regional hub for Private Equity and Real Estate investments across Asia and Australia, and houses its only treasury function outside New York. This reflects Blackstone’s strong interest in o Asia’s future growth. Rising Prominence Of Private Equity As An Asset Class