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
- Media Releases
Last revised date:
- 20 May 1998...In recent letters, Straits Times readers have questioned why banks have kept interest rates up. Others have expressed unhappiness over the recent increases in certain bank charges. They have sought clarification from the authorities. 2 Unlike most central banks, MAS does not set or control interest rates. MAS' monetary policy is centred on the exchange rate. MAS manages the exchange rate of the Singapore dollar against a basket of currencies with the aim of maintaining price stability
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament Reply to PQ on devaluing the Singapore currency for increased competitiveness Date: For Parliamentary Sitting on 22 Feb 2001 Question: To ask the Deputy Prime Minister whether the Government will devalue Singapore's currency to make its products more competitive. Answer: 1 Singapore's exports have performed strongly over the past year. Non-oil domestic exports (NODX) increased by 11.8% in 2000. Since Nov 2000, the growth of NODX has moderated 1 , as external demand weakened
- MAS
- Media Releases
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- Singapore, 30 September 2002. The official merger of the Board of Commissioners of Currency, Singapore (BCCS) with the Monetary Authority of Singapore (MAS) will take effect from 1 October 2002. The combined entity will still be called MAS. The merger does not affect the legal tender of all notes and coins issued by BCCS. Currency service will continue as usual and will be provided by the new Currency Department in MAS located at Currency House. Mr. Ho Kwen Chan, Executive Director, heads the department
- MAS
- Media Releases
Last revised date:
- Singapore, 25 September 2003...The Monetary Authority of Singapore (MAS) today released a consultation paper on a number of policy reforms that have general application to the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA), and invites comments from the public. The consultation is part of the second phase of amendments, targeted for the second half of 2004. The amendments will implement several policy reforms, as part of MAS' efforts to keep our regulatory framework responsive
- MAS
- Media Releases
Last revised date:
- Singapore, 7 September 2021... The Monetary Authority of Singapore (MAS) today announced the formation of a new Sustainability Group and the appointment of Dr Darian McBain as Chief Sustainability Officer, with effect from 1 October 2021. 2 The new Sustainability Group helmed by Dr McBain will steer sustainability efforts across MAS and help the organisation build deeper capabilities in this multi-faceted area. The new group will coordinate MAS’ green finance and sustainability agenda, namely
- MAS
- Media Releases
Last revised date:
- Singapore, 17 June 2021…The Monetary Authority of Singapore (MAS) announced today the further extension of the US$60 billion swap arrangement with the US Federal Reserve through 31 December 2021 MAS established the US$60 billion swap facility with the Federal Reserve on 19 March 2020 . On the back of this swap facility, MAS established the MAS USD Facility on 26 March 2020 to lend USD to banks in Singapore. On 30 July 2020 , both the swap facility and the MAS USD Facility were extended through 31
- MAS
- Media Releases
Last revised date:
- Singapore, 7 September 2021... The Monetary Authority of Singapore (MAS) today announced the formation of a new Sustainability Group and the appointment of Dr Darian McBain as Chief Sustainability Officer, with effect from 1 October 2021. 2 The new Sustainability Group helmed by Dr McBain will steer sustainability efforts across MAS and help the organisation build deeper capabilities in this multi-faceted area. The new group will coordinate MAS’ green finance and sustainability agenda, namely
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 1701 NOTICE PAPER 1082 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 April 2022 Name and Constituency of Member of Parliament Mr Louis Ng Kok Kwang, MP, Nee Soon GRC Question: To ask the Prime Minister (a) for each year in the past five years, how many suspicious financial transaction reports related to wildlife crime have been filed; (b) how does the Government determine whether there is underreporting of suspicious transactions relating to wildlife crime; and (c) what
- MAS
- Media Releases
Last revised date:
- Singapore, 17 June 2021…The Monetary Authority of Singapore (MAS) announced today the further extension of the US$60 billion swap arrangement with the US Federal Reserve through 31 December 2021 MAS established the US$60 billion swap facility with the Federal Reserve on 19 March 2020 . On the back of this swap facility, MAS established the MAS USD Facility on 26 March 2020 to lend USD to banks in Singapore. On 30 July 2020 , both the swap facility and the MAS USD Facility were extended through 31
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 927 NOTICE PAPER 552 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 27 July 2021 Name and Constituency of Member of Parliament Dr Lim Wee Kiak, MP, Sembawang GRC Question: To ask the Prime Minister (a) how does the Ministry ensure that there is data security when Singapore companies go for listings on overseas stock exchanges; (b) whether the Ministry will review the data security risk for all Singapore companies currently listed abroad; and (c) whether Singapore-based companies