Showing 5563 Documents for "MAS"
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- Date: 16 June 1999 Good evening, Mr Lim Chee Onn, Chairman Keppel Land, Sir Peter Davies, Group Chief Executive, Prudential Corporation, distinguished guests, ladies and gentlemen. 2 I am very pleased to be here this evening to join Keppel Land and Prudential Assurance in celebrating the official opening of Prudential Tower. This is a very significant commitment by Prudential to maintain its stake and grow in Singapore and the region. 3 The global financial landscape is changing rapidly. Singapore
- MAS
- Media Releases
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- Singapore, 16 June 1999...Singapore successfully completed its part in the Global Payment Systems Test (GPST) initiated by the New York Clearing House (NYCH) on 13 June 1999. This is a global test involving 34 national and international payments systems and networks to demonstrate the safe transfer of funds across the world for the Year 2000. "This is a significant milestone in our preparations for year 2000. We are very pleased that our part in the GPST was a success as this indicates that Singapore's
- MAS
- Speeches
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- "Towards Sounder International Finance" INTRODUCTION I am happy to address the Manila Framework Group. 2 Prospects for the region have brightened considerably since your inaugural gathering in November 97, in the depths of the regional economic turmoil. The worst of the crisis is now well past. Most of the crisis-countries are seeing growth again. Investor sentiment while edgy, is generally upbeat. Equity markets have surged, some beyond pre-crisis levels. Currencies have stabilised; indeed some
- MAS
- Media Releases
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- 29-30 August 1999 Summary of Manila Framework Meeting 30 Aug 1999...Finance and Central Bank Deputies representing the Manila Framework Group economies 1 met in Singapore on 29-30 Aug 99 for their Fifth Meeting. Senior representatives from the IMF, the World Bank, the ADB and BIS also attended the meeting. The Group noted the improved global economic outlook. In the United States, growth appears to be moderating towards its potential. In Japan, there are clearer signs of recovery in some sectors
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: CLOB For Parliamentary Sitting on 23 Nov 1999 Question: To ask the Deputy Prime Minister if he will (a) update the House on the latest position on the Central Limit Order Book (CLOB) saga and whether there is a solution in sight; and (b) clarify the role of the Securities Investors Association (Singapore) and whether the Association is in a position to handle the issue satisfactorily. Answer: 1. I last updated Parliament on the Clob
- MAS
- Speeches
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- Date: 24 Apr 2000 Good afternoon ladies and gentlemen. It is indeed a pleasure for me to be here this afternoon to witness the signing of the first US Dollar straight bond issue by a Singapore corporate. My heartiest congratulations to Singapore Power for the successful launch of this issue. 2 In August 1998, we announced plans to boost the Singapore bond markets. We recognised that an active bond market will add greater breadth to our capital markets and reinforce our efforts to grow Singapore
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: RESIDENTIAL PROPERTY LOAN FOR FOREIGN CITIZENS For Parliamentary Sitting on 25 Apr 2000 Answer: 1. The restriction on foreigners obtaining Singapore dollar loans to purchase residential properties was part of the package of measures the Government introduced in May 1996 to curb speculation in our property market. The overall package was effective in cooling the property bubble. 2. Most of the anti-speculation measures have since been
- MAS
- Speeches
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- Opening Address by Mr Lim Hng Kiang, Minister for Health and 2nd Minister for Finance, at the Annual Conference of the 25th Federation of ASEAN Economic Associations Introduction Distinguished guests, ladies and gentlemen, good morning. It is my pleasure to join you today for the 25th annual conference of the Federation of ASEAN Economic Associations. May I extend a warm welcome to all delegates from our ASEAN neighbours. Since its inception in 1976, the FAEA has served as a useful forum for the
- MAS
- Media Releases
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- 27 Feb 1998... The Insurance (Amendment) Regulations 1998 takes effect on 27 Feb 1998. The regulations prescribe revisions to the investment limits, introduce new permitted counterparty exposure limits, and provide clarification on the valuation of unit trusts. The amendments, which apply to the Singapore general insurance and non-linked life insurance funds of registered insurers and reinsurers, have been finalised after feedback obtained from the insurance industry. 2 The investment limits
- MAS
- Media Releases
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- Singapore has not cancelled the plan to set up a multilateral trade finance guarantee facility for Indonesia. Singapore is still waiting for a reply from Indonesia's major trading partners and the multilateral financial institutions on the proposal. Singapore understands that uncertainty over Indonesia's compliance with the IMF measures and the creation of a proposed currency board system has held up replies from the countries concerned.