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- MAS
- Media Releases
Last revised date:
- Singapore/Malaysia, 27 September 2021… The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. 2. The first phase of the PayNow-DuitNow linkage will be launched in the fourth quarter of 2022. This will allow customers of participating financial institutions to make real-time fund transfers between Singapore and Malaysia using just a mobile number. Customers
- MAS
- Media Releases
Last revised date:
- Singapore/Malaysia, 27 September 2021… The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. 2. The first phase of the PayNow-DuitNow linkage will be launched in the fourth quarter of 2022. This will allow customers of participating financial institutions to make real-time fund transfers between Singapore and Malaysia using just a mobile number. Customers
- MAS
- Media Releases
Last revised date:
- Project Nexus will allow countries to link real-time national payment systems with minimal adaptations. Proposed blueprint includes technical standards, operational guidelines and common functionalities. Model builds on successful connection of Singapore and Thailand’s national payment networks. Singapore, 28 July 2021… The Bank for International Settlements Innovation Hub Singapore Centre and the Monetary Authority of Singapore (MAS) today published a proposed blueprint for enhancing global payments
- MAS
- Media Releases
Last revised date:
- Singapore, 6 March 2019...The Monetary Authority of Singapore (MAS) today announced new senior management appointments and changes to its organisational structure. The senior management appointments are part of an ongoing process to renew and strengthen MAS’ leadership bench. The organisational changes will help strengthen synergies across key capabilities or functions in MAS. All the appointments and organisational changes below will take effect from 1 May 2019 unless otherwise stated. 2 Two
- MAS
- Recent Economic Developments
Last revised date:
- This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production, y-o-y % Non-oil Domestic Exports, y-o-y % Q2 0.2 0.8 0.5 14.7 Q1 1.0 2.3 0.0 6.4 6 March 2020 Q4 1.0 0.6 4.0 5.7 Full Year 0.7 - 1.5 9.2 2019 Q3 0.7 2.2 1.2 9.6 Growth
- MAS
- Recent Economic Developments
Last revised date:
- This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production, y-o-y % Non-oil Domestic Exports, y-o-y % Q2 0.2 0.8 0.5 14.7 Q1 1.0 2.3 0.0 6.4 6 March 2020 2019 Q3 0.7 2.2 1.2 9.6 Q4 1.0 0.6 4.0 5.7 Full Year 0.7 - 1.5 9.2 Growth
- MAS
- Speeches
Last revised date:
- Mr Mike Wells, Group CEO, Prudential PLC Mr Kai Nargolwala, Chairman, Prudential Corporation Asia Mr Nic Nicandrou, CEO, Prudential Corporation Asia Mr Wilf Blackburn, CEO, Prudential Assurance Company Singapore Ladies and Gentlemen 1. Thank you for inviting me to join you. Let me begin by congratulating Prudential on the opening of its new office at Marina One. 2. It is another milestone in Prudential’s long journey with Singapore, having started out as an agent for fire insurance in Singapore
- MAS
- Media Releases
Last revised date:
- Singapore, 29 August 2022… Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort. This linkage, which is targeted to be launched in the second half of 2023, will allow users to make instant, secure, and efficient retail payments by scanning the QRIS (Quick Response Code Indonesian Standard) or NETS QR codes QRIS is the national
- MAS
- Media Releases
Last revised date:
- Singapore, 13 April 2022… Australia Treasury and the Monetary Authority of Singapore (MAS) have signed the Australia-Singapore FinTech Bridge Agreement to strengthen cooperation between the FinTech ecosystems of both countries. 2. The commencement of discussions to develop the FinTech Bridge was announced in June 2021, when Australian Prime Minister Scott Morrison met with Singapore Prime Minister Lee Hsien Loong. The FinTech Bridge aims to build on the overarching framework for digital economy cooperation
- MAS
- Media Releases
Last revised date:
- Singapore, 27 June 2017… The Monetary Authority of Singapore (MAS) announced today that it will streamline the regulatory requirements for banks seeking to conduct or invest in permissible non-financial businesses. In a speech at the 44 th Annual Dinner of The Association of Banks in Singapore, Mr Heng Swee Keat, Minister for Finance, said that these will be businesses that are related or complementary to banks’ core financial businesses. 2. The regulatory framework separating banks’ financial