Definition of “business trust”
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A business trust is a business enterprise structured as a trust. A business trust (“BT”) is a business enterprise structured as a trust....
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- MAS
- Speeches
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- Mr Peter Sands, Group Chief Executive Ladies & gentlemen 1 It is a real pleasure to be here with you for the official opening of StanChart’s Marina Bay Financial Centre (MBFC) office. 2 It is a significant event. StanChart, a bank with a large global footprint, now has at MBFC one of its largest offices worldwide. Its dealing room here at MBFC will also be the largest among all financial institutions in Asia. 3 StanChart’s move to MBFC is timely. Asian finance is now well into a new phase of
- PDPC
- Public Consultations
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- Public Consultation on Managing Personal Data in the Digital Economy A point of view from AsiaDPO 29 September 2017 AsiaDPO is a Singapore registered society of a self-organising peer-to-peer community of Data Protection Officers (DPOs). We are committed to the development and advancement of data protection and privacy domains through a practice-led approach, serving as an expert group with a distinctive voice. Contact Person Huey Tan President AsiaDPO president@asiadpo.org
- MAS
- Speeches
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- Good morning and thank you for joining us. MAS and IBF are launching today the “Growing Timber” project – a series of monthly webinars and events focused on jobs and skills in the financial services sector. Jobs – the Central Economic Challenge of Our Times In August this year, at the Jackson Hole Economic Policy Symposium discussing the economic challenges facing the world, Senior Minister and Chairman MAS, Mr Tharman Shanmugaratnam, said: “The central problem is in creating enough jobs in the
- MAS
- Media Releases
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- Singapore, 10 December 2020... The Monetary Authority of Singapore (MAS) announced today the results of the 2020 MAS Global FinTech Innovation Challenge. Under the theme of “Building Resilience, Seizing Opportunities, Emerging Stronger”, three winners for the Global FinTech Hackcelerator and twelve winners for the FinTech Awards have been selected for their solutions that address the challenges faced by the financial industry due to the COVID-19 pandemic and climate change. Both awards were handed
- MAS
- Letters to Editor
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- 19 October 2012 Forum Editor Straits Times Under the Currency Interchangeability Agreement (CIA) signed with Brunei in June 1967, each country undertakes to accept the currency issued by the other in their own country, at par. In other words, the two currencies are "customary tender" when circulating in the country in which they are not legal tender. All banks in Singapore are obliged to exchange Brunei currency notes and coins at par and without charge. Therefore, businesses and members of the
- PDPC
- Public Consultations
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- Title: PDPC’s Public Consultation on Managing Unsolicited Commercial Messages and the Provision of Guidance to Support Innovation in the Digital Economy Organisation: Tokio Marine Life Insurance Singapore Ltd. Contact Person: Donna Tan (Head, Business Compliance) / Jeremaine Yeo (Compliance Manager) S/N 1 Questions What are your views on the proposed scope and applicability of the DNC Provisions and the Spam Control Provisions? 2 What are your views on including commercial text
- MAS
- Parliamentary Replies
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- Date: For Parliament Sitting on 6 July 2023 Questions: Mr Gan Thiam Poh, Ang Mo Kio GRC : To ask the Prime Minister (a) whether the Ministry has data on the number of jobs that have been created for Singaporeans and permanent residents as a result of the setting up of family offices in Singapore since the scheme was first launched; (b) if so, what is the number; and (c) how many of such Singaporeans and permanent residents earn (i) less than $2,000 monthly (ii) more than $2,000 but less than $5,000
- MAS
- Media Releases
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- Singapore, 18 June 2020… The Monetary Authority of Singapore (MAS) announced today that 14 of the 21 digital bank applications have met the eligibility criteria required for the application to be considered. These eligible applicants, comprising five digital full bank (DFB) applicants and nine digital wholesale bank (DWB) applicants, will progress to the next stage of assessment. 2 In January 2020, MAS updated that it had received 21 digital bank applications, comprising seven DFB applications
- MAS
- Media Releases
Last revised date:
- Singapore, 6 June 2022… The Monetary Authority of Singapore (MAS) today issued revised Guidelines on Business Continuity Management (BCM) for financial institutions (FIs), to help FIs strengthen their resilience against service disruptions arising from IT outages, pandemic outbreaks, cyber-attacks and physical threats. The revisions take into account learnings from the handling of the COVID-19 pandemic and increased digitalisation in the financial sector. 2 The revised Guidelines provide new insights
- MAS
- Speeches
Last revised date:
- "Seeking New Growth Horizons" 14 June 2010, 9.05am H.E. Governor Rasheed Mohammed Al Maraj, Central Bank of Bahrain, H.E. Governor Sultan Bin Nasser Al Suwaidi, Central Bank of the United Arab Emirates, Distinguished guests, Ladies and gentlemen Introduction 1 Good morning and a warm welcome to our overseas guests. First of all, let me thank Governor Rasheed and Governor Sultan for joining us at this inaugural World Islamic Banking Conference: Asia Summit (WIBC Asia). Your presence here today