Showing 4566 Documents for "economic issues"
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- MAS
- Monetary Policy Statements
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- 14 April 2022 INTRODUCTION 1. In the January 2022 Monetary Policy Statement (MPS), MAS increased slightly the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band. There was no change to the width of the policy band or the level at which it was centred. This off-cycle move was assessed to be necessary in view of the upward revision to the MAS Core Inflation forecast amid rapidly accumulating external and domestic cost pressures. Chart 1 S$ Nominal Effective Exchange
- MAS
- Media Releases
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- Singapore, 17 February 2016… The Monetary Authority of Singapore (MAS) and the National Trades Union Congress (NTUC) today announced the formation of the Financial Sector Tripartite Committee (FSTC). Reflecting the spirit of tripartism, the FSTC will bring together the industry associations, labour movement, and government to foster a financial workforce that can meet the changing needs of the financial industry. 2 The FSTC is co-chaired by Ms Jacqueline Loh, Deputy Managing Director, MAS, and
- MAS
- Speeches
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- Operational Resilience The financial sector has been quite remarkably resilient in the face of Covid-19. All financial services have remained open, except those involving face-to-face interactions with customers outside of bank branches. During the circuit breaker The circuit breaker refers to the tightened restrictions on movements and gatherings of people imposed from 7 April to 1 June 2020, aimed at slowing the spread of the Covid-19 virus in Singapore. period, 85% of workers in the financial
- MAS
- Media Releases
Last revised date:
- Singapore, 13 February 2017… The Monetary Authority of Singapore (MAS) today highlighted how it will support the recommendations of the Committee on the Future Economy (CFE) and help to position the financial sector for the future. MAS will take a series of specific measures to: a. strengthen financing channels for next-generation Asian growth companies; and b. build technology infrastructure to drive innovation. Strengthen financing channels for next-generation Asian growth companies 2 The CFE report
- MAS
- Consumer Price Developments
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- This June 2020 report contains an update of the latest consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry. Consumer Price Developments in June 2020 Summary unchanged from May. MAS Core Inflation came in at 0.2% on a yearonyear (yoy) basis in June, o This occurred as a steeper drop in the cost of services was offset by higher food inflation, as well as smaller declines in the costs of retail & other goods and electricity & gas. Meanwhile
- MAS
- Consumer Price Developments
Last revised date:
- This August 2020 report contains an update of the latest consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry. Consumer Price Developments in August 2020 Summary MAS Core Inflation came in at 0.3% on a yearonyear (yoy) basis in August, compared to 0.4% in July. o The moderation in the pace of decline was mainly driven by smaller falls in the costs of services, retail & other goods, as well as electricity & gas. CPIAll Items inflation was
- PDPC
- Public Consultations
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- RESPONSE TO PUBLIC CONSULTATION ON REVIEW OF PROPOSED DATA PORTABILITY AND DATA INNOVATION PROVISIONS IN THE PERSONAL DATA PROTECTION ACT 2012 3PL welcomes the opportunity to provide feedback to the Personal Data Protection Commission (PDPC) and input on the proposal to introduce provisions for data portability and data innovation under Singapore’s Personal Data Protection Act 2012 (PDPA). 3PL is grateful for the opportunity to provide our comments for this public consultation.
- MAS
- Speeches
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- Ladies and gentlemen, good morning. I thank GIC for the invitation and am pleased to meet all of you. Why FinTech? About three-and-a-half years ago, the Monetary Authority of Singapore (MAS) made a momentous decision - to promote an innovative and dynamic financial sector by working with the industry to harness the power of technology. We saw that technology was transforming the way people live their lives, the way companies deliver products and services, and the way cities work and connect. Meanwhile
- MAS
- Speeches
Last revised date:
- Prof Shih Choon Fong, President of NUS Prof Tan Eng Chye, Chairman, RMI Prof Andrew Rose, Founding Director of RMI Prof Robert Merton Prof Duan Jin-chuan Ladies and Gentlemen It gives me great pleasure to join you for this inaugural Risk Management Institute Research Conference. 2 It is opportune that this Conference is being held this week, which marks the 10 th Anniversary of the Asian Financial Crisis. It provides us a poignant reminder of the need to continually keep apace with the evolving
- MAS
- Speeches
Last revised date:
- I’d like to thank the Asia Society for hosting us this evening, for the launch of the Singapore FinTech Festival. The Festival will take place over 5 days in November this year in Singapore, bringing together technology players, financial institutions, FinTech players and regulators. We are launching the festival in New York City, and that is not as surprising as it may first seem. It says something about how we view innovation in finance. It is an inherently open system. Innovation is about ideas