Showing 4089 Documents for "payment services"
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- Economic Essays
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- This study was published as Special Feature B in the Oct 2016 Macroeconomic Review. Special Features 91 Special Feature B An Index Of Global Economic Policy Uncertainty by Steven J. Davis1 The first essential step in the direction of learning any subject is to find principles of numerical reckoning and practicable methods for measuring some quality connected with it. Lord William Thompson Kelvin, 1883 Introduction Democratic decision-making is often messy and fraught
- MAS
- Media Releases
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- Date: 31 Oct 2002 The Payment and Settlement Systems (Finality and Netting) Bill was introduced for the first reading in Parliament today. 2 This Bill seeks to provide finality to payments and transactions effected through designated payment and settlement systems. When enacted, the Bill will enable MAS to designate certain payment and settlement systems, with the consequence that a designated system will be exempt from the application of certain laws that might otherwise threaten the finality
- MAS
- Recent Economic Developments
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- This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. 17 September 2014 RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 3 December 2014 Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production, y-o-y % Labour Market and Prices Unemployment Rate, sa, % (Average) CPI-All Items Inflation, y-o-y % Wage Growth, y-o-y % 2013 Q4 4.9 6.9
- MAS
- Speeches
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- "Post-Crisis Asia:Challenges and Opportunities Challenges and Opportunities" Date: 27 October 1999 Pre-crisis Asia: A Mirage? 1 The Asian crisis swept through the regional economies like a huge tidal wave. The euphoria from more than a decade of boom in East Asian economies was abruptly punctured. Overnight, headlines switched from the "Asian century" to the "Asian disease". Some analysts questioned if the earlier prosperity had been real, or just a bubble. Others attributed the crisis to fatal
- MAS
- Speeches
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- Second Reading Speech by Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary Authority of Singapore Mr Speaker Sir, on behalf of the Senior Minister, I beg to move that the Bill be now read a second time. 2 Sir, this Bill seeks to establish a deposit insurance scheme in Singapore. Once enacted, it will provide an explicit, limited guarantee to insured depositors that they will be compensated, up to a specified amount, in the event of a failure of a full bank or a finance
- MAS
- Speeches
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- To bring our market in line with international standards, we are also encouraging the adoption of the widely used international repurchase agreement, the PSA - ISMA Master Repurchase Agreement, by market players here. This should facilitate the entry of more foreign players into the repo market.
- MAS
- Speeches
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- Fellow ASEAN Finance Ministers, Mr Joaquim Levy, Managing Director and Chief Financial Officer of the World Bank Group, Distinguished Guests, Ladies and Gentlemen Introduction 1 A very warm welcome to all our overseas guests. Thank you for joining us at this 8th World Bank-Singapore Infrastructure Finance Summit. Strong growth backdrop enables ASEAN to focus on resilience and innovation 2 We gather at a time of optimism for ASEAN. a. By IMF’s estimates, collectively, ASEAN grew at an impressive
- MAS
- Speeches
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- Mr Marc Haushofer, Mr Sivam Subramaniam, Distinguished Guests, Ladies and Gentlemen, Introduction Good morning. I am delighted to be able to join all of you today at the 16th SIRC in Singapore. To our delegates from overseas, a warm welcome to Singapore. I hope you will have an enjoyable stay here, and fruitful discussions with everyone gathered at this conference. 2 The theme for this year’s SIRC – “Winds of Change” – is timely. The global economy is undergoing a tumultuous period of change,
- MAS
- Speeches
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- Honourable Shri Narendra Modi, Prime Minister of India Reserve Bank of India Governor Shaktikanta Das Monetary Authority of Singapore Managing Director Ravi Menon Distinguished Guests I am very happy to join you virtually for the launch of the real-time retail payment systems linkage between Singapore’s PayNow and India’s UPI (Unified Payments Interface). The idea of linking PayNow and UPI was first conceived in 2018, when PM Modi visited Singapore. Since then, our two central banks have been working
- MAS
- Media Releases
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- Singapore, 14 September 2021… The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. 2. The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India. When implemented, fund transfers can be made from India to Singapore using mobile phone numbers, and from Singapore