Showing 4566 Documents for "economic issues"
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- MAS
- Enforcement Actions
Last revised date:
- Singapore, 16 March 2020 … The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $400,000 on TMF Trustees Singapore Limited (TTSL) for failure to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. These failures were identified following an inspection by MAS. TTSL has paid the composition penalty in full and taken prompt remedial actions. 2 MAS found that, between June 2011 to April 2018, TTSL had failed to comply
- MAS
- Speeches
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- Ladies and Gentlemen Lucas and I are very encouraged to see so many of you here today, investing time and effort to learn more about personal investing. I thank our Mediacorp artistes and our partners of MoneySENSE for your commitment to this event. 2 Singaporeans are like squirrels. We work hard, and save for the future. The squirrel puts the nuts it save in a safe place, but the nuts do not grow. 3 Our savings, however, can grow, if we invest it properly. How do we make our savings work
- MAS
- Media Releases
Last revised date:
- Singapore, 10 February 2014… The Monetary Authority of Singapore (MAS) has received feedback from borrowers who face challenges refinancing loans for owner-occupied properties which were bought before the introduction of the Total Debt Servicing Ratio (TDSR) rules . MAS has decided to broaden the existing exemption from the TDSR threshold of 60 per cent for such loans to ease the debt servicing burden of these borrowers. Refinancing of owner-occupied property loans 2 Under the revised rules, a
- MAS
- Parliamentary Replies
Last revised date:
- For Parliament Sitting on 10 March 2015 Name and Constituency of MP Ms Sylvia Lim, MP for Aljunied GRC Question: To discuss government efforts to promote nurturing of Singapore talent in the finance industry. Answer by Mr Lawrence Wong, Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1 Singapore serves as a key financial hub for the region and is well placed to benefit from the continued growth and
- MAS
- Media Releases
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- NETS-DuitNow QR is now connected: Travellers can scan merchant QR codes to make payments between Singapore and Malaysia Person-to-person (P2P) fund transfers will be ready by year-end Singapore/Malaysia, 31 March 2023… The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today launched a cross-border QR code payment linkage between Singapore and Malaysia. This payment linkage will allow customers of participating financial institutions Participants from Singapore are DBS Bank
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received on Legal Tender Limits (752.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Revised Legal Tender Limit for Coins (343.8 KB) RESPONSE TO FEEDBACK RECEIVED October 2017 Proposal for New Legal Tender Limit for Coins Monetary Authority Of Singapore 1 -------- RESPONSE TO FEEDBACK RECEIVED ON NEW LEGAL TENDER LIMIT FOR COINS 9 OCTOBER 2017 Contents 1 Preface ..................................................
- MAS
- Speeches
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- Date: 16 June 1999 Good evening, Mr Lim Chee Onn, Chairman Keppel Land, Sir Peter Davies, Group Chief Executive, Prudential Corporation, distinguished guests, ladies and gentlemen. 2 I am very pleased to be here this evening to join Keppel Land and Prudential Assurance in celebrating the official opening of Prudential Tower. This is a very significant commitment by Prudential to maintain its stake and grow in Singapore and the region. 3 The global financial landscape is changing rapidly. Singapore
- MAS
- Media Releases
Last revised date:
- Singapore, 7 May 2018…The Monetary Authority of Singapore (MAS) is collaborating with the Economic Development Board (EDB), Infocomm Media Development Authority (IMDA) and Institute of Banking and Finance (IBF) to accelerate the adoption of Artificial Intelligence (AI) in Singapore’s financial sector. The collaboration aims to foster a thriving AI ecosystem comprising financial institutions (FIs), research institutions, and AI solution providers. 2 The four agencies will jointly facilitate research
- MAS
- Media Releases
Last revised date:
- Singapore, 14 November 2017...The Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Monetary Authority of Singapore (MAS) today launched the FS-ISAC Asia Pacific Regional Analysis Centre’s office and operations in Singapore. The setting up of the Regional Centre in Singapore shows the growing collaboration between the two organisations to fight cybercrime. The Centre currently supports 49 financial institutions across nine Asia Pacific countries 1 . 2 “Information sharing
- MAS
- Media Releases
Last revised date:
- Singapore, 21 April 2020...In response to media reports, Enterprise Singapore (ESG), the Maritime and Port Authority of Singapore (MPA) and the Monetary Authority of Singapore (MAS) confirmed that the agencies are closely monitoring developments related to Hin Leong Trading Pte Ltd and the broader oil trading and bunkering sectors. 2. ESG assessed that Singapore’s oil trading sector remains resilient notwithstanding the challenges posed by the drop in global demand for energy. The sector is sufficiently