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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    • PDPC
    • Public Consultations

    Last revised date:

    • Dear Sirs, I would like to highlight that allowing personal data owners having the rights to correct their personal data stored in those organizations, which have previously obtained their personal data, will increase business cost substantially. This means that individuals can request an organization to alter their personal data stored in the organization’s systems (and to prove that the changes have been made). Please consider carefully the impact on business cost. Yours
    • PDPC

    Last revised date:

    • Generally, organisations are required to check the DNC Registry before sending telemarketing messages to a Singapore telephone number, unless:
      • the subscriber or user of the number has given the organisation clear and unambiguous consent, in written or other evidential form, for the organisation to send telemarketing messages to the number; or
      • if the message falls within an exclusion in the Eighth Schedule to the PDPA (for example, if it is solely for the purpose of
    • PDPC

    Last revised date:

    • Generally, organisations are required to check the DNC Registry before sending telemarketing messages to a Singapore telephone number, unless:
      • the subscriber or user of the number has given the organisation clear and unambiguous consent, in written or other evidential form, for the organisation to send telemarketing messages to the number; or
      • if the message falls within an exclusion in the Eighth Schedule to the PDPA (for example, if it is solely for the purpose of
    • MAS
    • Consultations

    Last revised date:

    • Response VIEW DOCUMENT Response to Consultation Paper - Review of Requirements on Investment Activities of Insurers (58.7 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Review of Requirements on Investment Activities of Insurers (526.2 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION PAPER ON REVIEW OF REQUIREMENTS ON INVESTMENT ACTIVITIES OF INSURERS Introduction 1 1.1 In January 2013, MAS published a consultation paper inviting industry and public comments
    • MAS
    • Letters to Editor

    Last revised date:

    •  Dear Editor I refer to "New $2 polymer notes not accepted at certain machines" (20 Feb 2006, Today Forum) 2   The Monetary Authority of Singapore (MAS) worked closely with banks, transport companies and major machine operators to have the Cash Deposit Machines, MRT General Ticketing Machines and other note accepting machines recalibrated to accept $2 polymer notes, prior to launching the notes. Some of the owners of small vending machines are preparing to adapt their machines to accept these notes
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 7 Aug 2020… The Monetary Authority of Singapore (“MAS”) has urged finance companies incorporated in Singapore to cap their total dividends per share (“DPS”) for FY2020 at 60% of FY2019’s level. The finance companies are also encouraged to offer shareholders the option of receiving the dividends to be paid for FY2020 in scrip in lieu of cash. 2     Capital positions of the finance companies remain strong and the dividend restriction is a pre-emptive measure to bolster the finance companies
    • MAS
    • Notices

    Last revised date:

    • Requirements for corporate finance advisers in relation to general business conduct and due diligence work. This Notice sets out specific requirements for corporate finance advisers to manage conflicts of interest and ensure proper governance and supervision. It also imposes detailed requirements on the conduct of due diligence, which apply to advisers acting in the capacity of an issue manager, sponsor or financial adviser (as the case may be) for initial public offers and reverse takeovers, including
    • MAS
    • Letters to Editor

    Last revised date:

    •  Dear Editor I refer to the letter, 'Sorry, $100 notes not accepted' (ST, Feb 1). 2   The Monetary Authority of Singapore (MAS) assures the public that the incidence of counterfeit notes in Singapore is very low. 3   In the recent instance of counterfeit $100 notes, the counterfeits were of poor quality. They lacked basic security features like the watermark, security thread, intaglio or raised printing and kinegram (the octagonal foil with shimmering colours) and were easily distinguishable from
    • MAS
    • Letters to Editor

    Last revised date:

    • Dear Editor Mr Peter Wadeley wrote that the Financial Advisers Act (FAA) should apply to all financial institutions in Singapore ("Protect investors in financial products", ST Forum, 6 August 2009). In fact, it does. Any corporation which carries on the business of providing retail financial advisory services is required to obtain a financial adviser's license unless it is an exempt financial adviser under the FAA. Financial institutions which are licensed under the Banking Act or registered under
    • MAS
    • Recent Economic Developments

    Last revised date:

    • This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. nph 7 Real Sector RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE Q4 Full Year Q1 Q2 2017 3.6 2.1 5.8 10.4 Q3 5.5 11.2 19.3 7.6 7 September 2018 2018 3.6 - 10.4 8.8 4.5 2.2 3.9 0.6 10.8 10.5 1.1 9.3 Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production