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
- Parliamentary Replies
Last revised date:
- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: DPM Lee's Reply to Parliamentary Question on CLOB For Parliament Sitting on 12 Oct 98 Question: To ask the Deputy Prime Minister, in the light of recent changes imposed by Malaysia on the currency and stock market rules, what steps are being taken by the Monetary Authority of Singapore and the Stock Exchange of Singapore Ltd to provide a better sense of direction and assistance to the public so that they will be adequately prepared.
- MAS
- Media Releases
Last revised date:
- Singapore 16 December 2004...The Monetary Authority of Singapore (MAS) notes the strong media and market interest in the events following the announcement by China Aviation Oil (Singapore) Corporation Limited (CAO) on 30 November 2004 of significant losses from speculative oil derivative trading. MAS considers it in the public interest to provide an update on current developments and the steps being taken by the relevant authorities. 2 On 10 December 2004, CAO announced that the High Court of
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 24 May 2016…The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management oversight of the bank’s operations, and gross misconduct by some of the bank’s staff. 2 In addition, MAS has referred to the Public Prosecutor the names of six members of BSI Bank’s senior management and staff to evaluate
- MAS
- Media Releases
Last revised date:
- Singapore, 5 July 2018… The Government announced today adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan-to-Value (LTV) limits on residential property purchases, to cool the property market and keep price increases in line with economic fundamentals. Status of the Private Housing Market 2. After declining gradually for close to 4 years, private residential prices began rising in 3Q2017. Prices have increased sharply by 9.1% over the past year. Demand for private residential
- MAS
- Speeches
Last revised date:
- Deputy Prime Minister and Minister for Finance, Tharman Shanmugaratnam, Pioneers of IBF, distinguished guests, ladies and gentlemen, On behalf of the Council and staff of IBF, let me welcome you to IBF's 40th anniversary dinner. IBF is where it is today because of what previous generations of Council members and staff, industry practitioners and training providers accomplished together. They are the Pioneers of IBF, whose contributions and achievements we are gathered here to celebrate. It is the
- MAS
- Media Releases
Last revised date:
- Singapore, 24 May 2016…The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management oversight of the bank’s operations, and gross misconduct by some of the bank’s staff. 2 In addition, MAS has referred to the Public Prosecutor the names of six members of BSI Bank’s senior management and staff to evaluate
- PDPC
- Public Consultations
Last revised date:
- PUBLIC CONSULTATION ISSUED BY THE PERSONAL DATA PROTECTION COMMISSION PROPOSED ADVISORY GUIDELINES ON KEY CONCEPTS AND SELECTED TOPICS IN THE PERSONAL DATA PROTECTION ACT SUBMISSION OF COMMENTS BY MEDIACORP PTE. LTD. DATE OF SUBMISSION: 19 MARCH 2013 -------- A. B. 1. SUMMARY OF MAJOR POINTS A short summary of the major points of our submission are set out below (references in brackets are to the corresponding paragraphs in the Consultation Papers)
- MAS
- Monetary Policy Statements
Last revised date:
- 14 October 2016 INTRODUCTION 1. In April 2016, MAS reduced the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band to zero percent. There was no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate given the more modest outlook for economic growth in 2016 as well as the expectation that MAS Core Inflation would average slightly below 2% in the medium term. Chart 1 S$ Nominal Effective Exchange
- MAS
- Monetary Policy Statements
Last revised date:
- 13 October 2017 INTRODUCTION 1. In the April 2017 Monetary Policy Statement (MPS), MAS kept the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band at zero percent, with no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate in light of the modest outlook for growth and inflation. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2. Since the April 2017 MPS, the S$NEER has fluctuated
- MAS
- Media Releases
Last revised date:
- New York/Singapore, 18/19 May 2023… The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) today published a research report detailing the results of the joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+) experiment. The Cedar x Ubin+ experiment examined whether distributed ledger technology (DLT) could be used to improve the efficiency of cross-border wholesale payments and settlements involving multiple currencies. 2 The technical