Showing 4089 Documents for "payment services"
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- MAS
- Parliamentary Replies
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- QUESTIONS NO 11 NOTICE PAPER 12 OF 2020 FOR WRITTEN ANSWER Date: For Parliament Sitting on 4 September 2020 Name and Constituency of Member of Parliament Mr Don Wee, MP, Chua Chu Kang GRC Questions: Q 11. To ask the Prime Minister how many banks with Qualifying Full Banking Licences currently grant loans to local corporations with turnovers below S$10 million. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Small and medium enterprises (SMEs) in Singapore
- SSO
- Subsidiary Legislation
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- Application by subscriber to add or remove Singapore telephone number 3. —(1) Subject to paragraph (3) and regulation 6, an application by a subscriber under section 40(1) of the Act to add his Singapore telephone number to a register or to remove his Singapore telephone number from a register, as the case may be (referred to in this Part as a subscriber registration application) shall be made — ( a ) by making a voice call to the relevant telephone number using the relevant telecommunication service
- MAS
- Explainers
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- A borrower applying for a loan to purchase a residential property is also required to be the mortgagor of that property. Any person assisting a borrower in servicing a loan is considered a co-borrower. To ensure that housing loan borrowers do not circumvent loan-to-value (LTV) limits and total debt servicing ratio (TDSR) thresholds, financial institutions (FIs) need to ensure the following requirements are met: A borrower named on a residential property loan must also be the mortgagor of that property
- MAS
- Media Releases
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- Singapore, 9 February 2020… Following the raising of the Disease Outbreak Response System Condition (DORSCON) Alert Level from Yellow to Orange, the Monetary Authority of Singapore (MAS) issued an advisory on 7 February 2020 for financial institutions in Singapore to adopt additional measures and precautions. This is the third advisory to financial institutions since January 2020. 2 MAS’ advisory of 7 February 2020 called on financial institutions to adopt the additional recommended measures by
- MAS
- Explainers
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- When refinancing a mortgage equity withdrawal loan (MWL), financial institutions (FIs) need to meet the rules for loan-to-value limits, tenure cap and total debt servicing ratio. Loan Tenure Cap The loan tenure for mortgage equity withdrawal loans (MWLs) is capped at 35 years. Loan-To-Value Limits For an individual or a shell company, the MWL, together with amount outstanding of any loan secured on same residential property and CPF monies used, have the following LTV limits: Outstanding housing loans
- PDPC
- Public Consultations
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- Public Consultation on proposed Social Service Sector guidelines Adventist Nursing and Rehabilitation Centre Charity Regn No: 01380 ROS/RCB Regn No: ROS 298/96 WEL Blk 6 Marsiling Drive #01-88/96 Singapore 730006 Contact Information Name of Contact Person: Ms Tan Swee Kiang Manager Telephone No: 6368 8401 Fax No: 6368 8034 Email Website: www.anrc.org.sg Comments by: Peercival delos Reyes Hon Treasurer Ms Ng Ai Siong Pearlyn President ---
- MAS
- Parliamentary Replies
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- QUESTION NO 3096 NOTICE PAPER 1206 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 July 2022 Name and Constituency of Member of Parliament Mr Gan Thiam Poh, MP, Ang Mo Kio GRC Question: To ask the Prime Minister in view of rising interest rates and the current inflationary environment, whether the prevailing total debt servicing ratio is sufficient to prevent and minimise systemic risk to both financial institutions and borrowers. Answer by Mr Tharman Shanmugaratnam, Senior Minister
- MAS
- Speeches
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- "Embracing Changes, Ready for the Furture" Introduction 1 Good morning ladies and gentlemen. It is a pleasure to join you here today. 2 The marketplace for financial advisory services has been changing, with an increasing variety in the types and complexity of products that are being offered to consumers. The industry and MAS, as the regulator, must embrace change to be ready for the future. 3 MAS recently spelt out its regulatory philosophy in a monograph "Objectives and Principles of
- MAS
- Speeches
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- Ladies and gentlemen, 1 It is a privilege for me to speak at this International Islamic Enterprise Forum, and for our overseas guests, may I warmly welcome you to Singapore. You will be hearing from several distinguished speakers on the subject of Islamic finance in the world and in Asia. Hence, I would only briefly touch on these, and focus my remarks on what the Monetary Authority of Singapore is doing to facilitate the development of Islamic banking and finance. Growing Demand for Islamic
- MAS
- Speeches
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- "New Era, New Challenges, New Attitude" I am very pleased to address this Congress organized by the Insurance and Financial Practitioners Association of Singapore (IFPAS). It is a great honour for Singapore to be hosting this prestigious event again after an interval of 12 years. 2 When the first Congress was held in Singapore in 1991, countries in the Asia-Pacific were heading for a period of unprecedented economic growth. Today, the economic landscape has changed significantly. While new and