Showing 4089 Documents for "payment services"
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- MAS
- Speeches
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- Honourable Chief Minister Chandrababu Naidu Distinguished guests, ladies and gentlemen, good morning. Andhra Pradesh and Singapore I am delighted to be here in Andhra Pradesh – the land of the Tiruppati temple, Carnatic music, Kuchipudi dance, and of course, the charming sea town of Vishakapatnam. I am grateful to Chief Minister Chandrababu Naidu for his kind invitation to speak at this conference Andhra Pradesh and Singapore share in common a modern outlook. We both believe in the value of innovation
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Proposals for the Implementation of Basel II in Singapore - Phase 5 (47.4 KB) Consultation Paper VIEW DOCUMENT Proposals for the Implementation of Basel II in Singapore - Phase 5 (1.52 MB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON PROPOSALS FOR THE IMPLEMENTATION OF BASEL II IN SINGAPORE PHASE 5 Introduction 1 1.1 In May 2007, MAS invited Singapore-incorporated banks and interested parties to comment on revised draft rules
- MAS
- Parliamentary Replies
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- QUESTION NO 3742 NOTICE PAPER 1494 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 8 November 2022 Name and Constituency of Member of Parliament Mr Melvin Yong Yik Chye, MP, Radin Mas SMC Question: To ask the Prime Minister (a) whether MAS has data on how prevalent is the use of Buy Now Pay Later (BNPL) services among those aged below 21 years old in the past three years; and (b) whether there have been cases thus far of such youths being unable to repay their debts incurred via BNPL services
- MAS
- Media Releases
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- Singapore, 11 January 2013 JOINT PRESS RELEASE 1 The Government announced today a comprehensive package of measures to cool the residential property market. It also introduced a Seller’s Stamp Duty on industrial properties for the first time, to discourage speculative activity in the industrial market. Cooling Measures for the Residential Property Market 2 The Government has implemented several rounds of measures to cool demand and expand supply, so as to moderate the increase in housing prices
- MAS
- Recent Economic Developments
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- This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 30 July 2020 Highlights Global economic activity contracted sharply in H1 2020 amid measures imposed to contain the spread of the pandemic. Global GDP fell by 13.8% q-o-q SAAR in Q1 2020, and high frequency indicators indicate an even more severe decline in Q2 2020 when lockdowns
- MAS
- Recent Economic Developments
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- This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 30 July 2020 Highlights Global economic activity contracted sharply in H1 2020 amid measures imposed to contain the spread of the pandemic. Global GDP fell by 13.8% q-o-q SAAR in Q1 2020, and high frequency indicators indicate an even more severe decline in Q2 2020 when lockdowns
- MAS
- Economic Essays
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- Aside from filling gaps in the provision of payment services, DLT payment systems promise to bring gains in economic efficiency. Specifically, DLT allows for the free entry of ledger writers; hence, it will tend to prevent a centralised ledger keeper from earning economic rents.
- MAS
- Media Releases
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- Singapore, 31 March 2020... The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), the Life Insurance Association (LIA), the General Insurance Association (GIA), and the Finance Houses Association of Singapore (FHAS), today announced a package of measures to help ease the financial strain on individuals and SMEs caused by the COVID-19 pandemic. The package of financial measures complements the initiatives in the Government’s Unity Budget and Resilience
- MAS
- Speeches
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- Good morning, and welcome to Day 2 of the Singapore FinTech Festival. It’s great to be able to meet in person after three long years. Pandemic and lockdowns notwithstanding, FinTech innovation has marched on briskly. If anything, digitalisation has gathered pace and become more pervasive. Yes, in the realm of a crypto assets, a harsh winter has set in, even fears of an Ice Age. But I believe it is an overdue cleansing of unsustainable business models, highly risky practices, and unviable use cases
- MAS
- Recent Economic Developments
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- Demand for payment services was strong, alongside a steady expansion of e-commerce activities and the on-going shift towards cashless payments. The recovery in the ACU segment also gained momentum, as loan growth to East Asia improved on still-resilient regional economic activity.
- Modern services continued to underpin overall growth, driven largely by digitalisation-related activities (IT & information services and payment processing). Meanwhile, the domestic-oriented cluster contributed positively, due to the construction and essential services segments.