Showing 4566 Documents for "economic issues"
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- MAS
- Media Releases
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- Singapore, 18 July 2013…Deputy Prime Minister and Minister for Finance, Tharman Shanmugaratnam, will be in Moscow, Russia, from 19 to 20 July 2013 to attend the G20 Finance Ministers and Central Bank Governors’ Meeting, as well as the Joint G20 Finance and Labour Ministers Meeting. He will be joined by Acting Minister for Manpower and Senior Minister of State for National Development Tan Chuan-Jin, who is also attending the G20 Labour and Employment Ministers Meeting. 2 The meetings will focus
- MAS
- Media Releases
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- Singapore, 26 July 2013…Bank of Japan (BOJ) and the Monetary Authority of Singapore (MAS) have established a cross-border collateral arrangement to enhance financial stability in Singapore. 2 Under this arrangement, eligible financial institutions operating in Singapore may obtain Singapore Dollar liquidity from MAS by pledging Japanese government securities with MAS. This widens the range of acceptable collateral in MAS’ liquidity facility, and permits greater flexibility in the liquidity management
- MAS
- Media Releases
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- Singapore, 13 March 2020 … The Monetary Authority of Singapore (MAS) said today that the Singapore Dollar money market and foreign exchange market are functioning normally in the face of heightened volatility in global and domestic financial markets. Financial markets globally have come under strain in reaction to the now-widespread COVID-19 outbreak. 2 MAS has left a higher level of liquidity in the banking system through its money market operations, and Singapore dollar interest rates have eased
- MAS
- Media Releases
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- Manila, 4 May 2018…The Ministry of Finance of Japan, and the Monetary Authority of Singapore announced their intent to renew the existing Bilateral Swap Arrangement (BSA) when it expires on 21 May 2018. The current BSA enables the authorities in Japan and Singapore to swap their local currencies (i.e. the Japanese yen and the Singapore dollar, respectively) in exchange for US dollars in times of need. Japan and Singapore are in discussion to include Japanese yen as an additional currency of choice
- MAS
- Letters to Editor
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- Dear Editor, "Structural cracks" (May 24th) contains references to Singapore that are factually incorrect. First, the Singapore dollar is managed against a trade-weighted basket of currencies of our major trading partners, and is neither managed nor pegged (as is the case in the Hong Kong SAR) to the US dollar. The trade-weighted Singapore dollar is allowed to fluctuate within a policy band that is consistent with economic fundamentals, with the aim of achieving sustained non-inflationary growth
- MAS
- Media Releases
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- Singapore, 13 April 2015 …Deputy Prime Minister and Minister for Finance, Tharman Shanmugaratnam, will be visiting New York and Washington, D.C. from 14 to 18 April 2015. In Washington D.C., DPM Tharman will attend the meetings of the International Monetary and Financial Committee (IMFC) and the G20 Finance Ministers. The meetings will discuss actions to achieve economic resilience in the face of emerging challenges and sustain the global recovery. In New York, DPM Tharman will meet with business
- MAS
- Media Releases
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- Singapore, 21 May 2015…The Bank of Japan, acting as the agent for the Minister of Finance of Japan, and the Monetary Authority of Singapore signed the third Bilateral Swap Arrangement (BSA) on 21 May 2015. The arrangement will enable the authorities in Japan and Singapore to swap their local currencies (i.e., Japanese yen and Singapore dollars respectively) against US dollars. The size of the facility is the same as the previous BSA where Singapore can swap Singapore dollars against US dollars up
- MAS
- Media Releases
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- Singapore, 21 June 2010...The Monetary Authority of Singapore (MAS) has received press queries relating to the announcement on 19 June 2010 by the People's Bank of China (PBC) that they will proceed further with reform of the Renminbi (RMB) exchange rate regime and enhance RMB exchange rate flexibility. The PBC’s announcement will not have an impact on Singapore’s exchange rate regime. MAS manages the Singapore dollar against a weighted basket of currencies of our major trading partners. This allows
- MAS
- Media Releases
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- Singapore, 7 October 2013…Deputy Prime Minister and Minister for Finance, Tharman Shanmugaratnam, will be visiting Tokyo, Japan, from 8 to 9 October 2013. DPM Tharman will have meetings with Japanese Deputy Prime Minister and Minister of Finance Mr Taro Aso, Governor of the Bank of Japan Mr Haruhiko Kuroda, and other Government and business leaders. 2 In Washington, DC from 10 to 13 October 2013, DPM Tharman will chair the meetings of the International Monetary and Financial Committee (IMFC), and
- MAS
- Media Releases
Last revised date:
People's Bank of China and Monetary Authority of Singapore Renew Bilateral Currency Swap Arrangement- Singapore, 13 May 2019…The People’s Bank of China (PBC) and the Monetary Authority of Singapore (MAS) today announced the renewal of the Bilateral Currency Swap Arrangement (BCSA). The agreement will strengthen regional economic resilience and financial stability. 2 The BCSA is a key pillar of co-operation between PBC and MAS. Under the arrangement, PBC and MAS can access foreign currency liquidity to support trade and investment financing needs, including projects under the Belt and Road Initiative