Showing 4566 Documents for "economic issues"
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- Joint Press Release Ministry of Finance of Japan, The Bank of Japan and The Monetary Authority of Singapore Signing of the second Bilateral Swap Arrangement between Japan and Singapore under the Chiang Mai Initiative - Second Stage November 9, 2005...The Bank of Japan, acting as the agent for the Minister of Finance of Japan, and the Monetary Authority of Singapore (MAS), on November 8, signed a second bilateral swap arrangement (BSA) under the Chiang Mai Initiative (CMI) - Second Stage. The agreement
- MAS
- Media Releases
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- Singapore, 20 Feb 2001. The Monetary Authority of Singapore announced today that Mr Tharman Shanmugaratnam has been appointed Managing Director of the central bank, for a two-year term, with effect from 1 April 2001. Mr Shanmugaratnam takes over from Mr Koh Yong Guan, who has been the Managing Director since Jan 1998. Mr Koh will assume the position of Permanent Secretary for the Ministry of National Development on the same date, and will remain as a director on the MAS Board. 2 Mr Koh's and
- MAS
- Explainers
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- Rules for financial institutions (FIs) on new housing loans, including maximum limits on loan tenure, loan-to-value ratio, mortgage servicing ratio and total debt servicing ratio. Overview Property loans can be large, long-term liabilities for most individuals and households. Maximum limits on loan tenures and amounts help to ensure that borrowers don’t overstretch themselves when purchasing property. The objectives of the housing loan rules are to: Encourage financial prudence among borrowers. Prevent
- MAS
- Media Releases
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- Singapore, 30 November 2016… The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Services Office (Shanghai FSO) held the 2nd Shanghai-Singapore Financial Forum (SSFF) in Shanghai today. The SSFF is a regular platform to deepen cooperation between the two financial centres and to facilitate collaboration between industry participants from Singapore and Shanghai. 2 In line with the theme “Shanghai and Singapore – A Partnership for a New Asian Financial Landscape”, Forum participants
- MAS
- Letters to Editor
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Response to "Make rules on refinancing mortgages more flexible" - The Business Times, 12 August 2014- 26 August 2014 The Editor BT Editorial & Opinion Dear Editor, Mr Ho Swee Huat suggested that borrowers who had purchased their properties before the introduction of the Total Debt Servicing Ratio (TDSR) framework should not be subject to the TDSR threshold of 60 percent when they refinance their housing loans (“Make rules on refinancing mortgages more flexible”, 12 August 2014). We thank Mr Ho for the opportunity to clarify our rules. The TDSR framework applies to the refinancing of existing property
- MAS
- Media Releases
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- Memorandum of Understanding between the Monetary Authority of Singapore and Bank Negara Malaysia Singapore, 28 November 2011...The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) jointly announced today the signing of a Memorandum of Understanding (MoU) to establish a cross-border collateral arrangement aimed at enhancing liquidity facilities to financial institutions in both countries. 2 This collaboration highlights the growing significance of regionally active
- MAS
- Media Releases
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- First Fund Management Company In Singapore To Be Awarded. 19 Nov 1998... Minister for Finance, Dr Richard Hu, today awarded Morgan Stanley Dean Witter (MSDW) Investment Management Company with the Enhanced Fund Manager status, the first fund management company in Singapore to be granted the tax holiday. Speaking at the opening of MSDW's new office premises at Capital Square, Dr Hu noted that MSDW's Singapore operations had grown substantially since it started operating in 1990. "Singapore now serves
- MAS
- Media Releases
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- Singapore, 28 June 2004 - The Monetary Authority of Singapore (MAS) and the Economics Society of Singapore (ESS) today awarded prizes for the annual MAS-ESS Essay Competition 2003. BG George Yeo, Minister for Trade and Industry gave out the prizes during the ESS Annual Dinner, which was held at the Grand Copthorne Hotel. The top three winners in both the Student and Open categories were: Student Category Open Category First prize Mr See Kok Heng Hwa Chong Junior College Mr Choo Chian DBS Bank Second
- MAS
- Media Releases
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- Singapore, 19 November 2021... The Monetary Authority of Singapore (MAS) today announced the appointment of Mr Alvin Tan Sheng Hui and Mr Ng Wai King to its Board of Directors. Their appointments will be from 22 November 2021 to 31 May 2024. 2 Mr Tan is Minister of State at the Ministry of Trade and Industry and Ministry of Culture, Community and Youth. Prior to joining the government in September 2020, Mr Tan served in leadership roles across the Asia Pacific region at LinkedIn, Facebook and Goldman
- MAS
- Media Releases
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- Singapore, 17 June 2021…The Monetary Authority of Singapore (MAS) announced today the further extension of the US$60 billion swap arrangement with the US Federal Reserve through 31 December 2021 MAS established the US$60 billion swap facility with the Federal Reserve on 19 March 2020 . On the back of this swap facility, MAS established the MAS USD Facility on 26 March 2020 to lend USD to banks in Singapore. On 30 July 2020 , both the swap facility and the MAS USD Facility were extended through 31