Showing 4566 Documents for "economic issues"
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- Vice Mayor Liu Guiping, distinguished guests, good morning Welcome to the Singapore-China (Chongqing) Financial Conference. I am delighted to see the strong level of interest in the Chongqing Connectivity Initiative. The Chongqing Connectivity Initiative The Chongqing Connectivity Initiative is the third government-led project between China and Singapore. First was Suzhou Industrial Park in 1994; And then Tianjin Eco-city in 2008. The Chongqing Connectivity Initiative, or CCI, is a significant project
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- The Five "C"s in Banking: Emerging Issues and Policy Responses Speech by Ravi Menon, Executive Director, Supervisory Policy Department & Banking Department, Monetary Authority of Singapore INTRODUCTION 1 Good morning. I thank the Lafferty Group and BAI for inviting me to speak to you. I understand you have gathered here to discuss how to break old models and build world-class banks. My brief is to share with you some of the larger issues facing the banking industry globally, and how Singapore
- MAS
- Speeches
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- 24th November 2008 Ensuring Stability: International Perspectives on Creating an Effective Regulatory Framework Introduction Good morning, ladies and gentlemen. 2 I am honoured to speak at this opening plenary, following the keynote remarks by His Excellency, Governor Rasheed Al-Maraj. 3 I am also delighted to be in Bahrain, recognised globally as one of the leading centres for Islamic Finance. Besides having a core of active Islamic financial institutions, Bahrain also plays host to a number
- MAS
- Economic Essays
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- This study was published as Special Feature B in the April 2012 Macroeconomic Review. 78 Macroeconomic Review, April 2012 Special Feature B Product Price TargetingA New Improved Way of Inflation Targeting by Jeffrey Frankel1 an for A CPI target can lead to anomalous outcomes in response to terms of trade fluctuations. Textbook theory says it is helpful for exchange rates to accommodate terms-of-trade shocks. If the price of imported oil rises in world markets
- MAS
- Notices
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- Requirements for merchant banks on maintaining credit files, grading credit facilities and determining credit loss allowance. This notice applies to all merchant banks in Singapore. It sets out the credit grading treatment, for credit facilities granted support measures by merchant banks in response to the on-going novel coronavirus (“COVID-19”) outbreak, for the period beginning on 1 January 2021 and ending on 31 December 2021 (both dates inclusive). Amendment Notes 01 Jul 2021 MAS Notice 1005A
- MAS
- Notices
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- Requirements for merchant banks on maintaining credit files, grading credit facilities and determining credit loss allowance. This notice applies to all merchant banks in Singapore. It covers requirements for: Maintenance of credit files and the basic information required for objective credit assessment. Grading of credit facilities. Recognition of loss allowance for expected credit loss. Please refer to MAS Notice 1005A for the credit grading treatment in relation to the credit facilities granted
- MAS
- Speeches
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- Ladies and gentlemen, good afternoon. And to all our foreign guests, welcome to Singapore. This is a conference named after Money. Money has been with us for at least 5000 years. And over the last 300 years or so, we have come to accept Money as being issued by central banks whose mission in life is to safeguard its value. Now, along comes a new phenomenon – crypto money or currency or asset. The past year has seen explosive growth in the trading and use of these crypto assets. We have also seen
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- Speeches
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- Ladies and gentlemen, good morning. 1 I am delighted to be here this morning to address this very distinguished group of scholars and practitioners of Islamic Finance. To our overseas guest, let me bid you a very warm welcome, and I hope that you would have a productive and enjoyable stay in Singapore. I understand that this is the first time that the International Islamic Finance Forum is holding its conference in Asia, and I thank the organiser for your special efforts to bring this forum here
- MAS
- Economic Essays
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- By Ivan Png and Charmaine Tan This study was published as Special Feature C in the April 2020 Macroeconomic Review. Special Features 109 Special Feature C Privacy, Trust in Banks, and Use of Cash Ivan Png and Charmaine Tan1 1 Introduction In China, street vendors, buskers, and even beggars accept electronic payments (Jenkins, 2018). By contrast, six of ten Tokyo restaurants require payment in cash (Lewis, 2019). Worldwide, the share of retail transactions
- MAS
- Macroeconomic Reviews
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- Global growth and inflation dynamics have worsened over recent months. CPI inflation came in significantly higher than expected in many economies, as supply frictions, alongside the recovery in domestic demand, continued to put significant upward pressure on costs and prices. Sustained inflation momentum, particularly in the AEs, has led central banks to continue hiking interest rates even though economic activity has started to plateau or slow. Concomitantly, China’s growth has been restrained amid