Showing 4566 Documents for "economic issues"
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- Singapore, 11 May 2004...The Finance Ministers of ASEAN, China, Japan and the Republic of Korea (ASEAN + 3) will meet in Jeju, Korea on 15 May 2004. This is the first time that Singapore is chairing this event since the ASEAN + 3 Finance Ministers process was officially established in 2000. The Finance Ministers and their deputies from the ASEAN + 3 countries meet annually to discuss economic and financial developments and policies, and review the progress of regional financial cooperation initiatives
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament Reply to PQ on devaluing the Singapore currency for increased competitiveness Date: For Parliamentary Sitting on 22 Feb 2001 Question: To ask the Deputy Prime Minister whether the Government will devalue Singapore's currency to make its products more competitive. Answer: 1 Singapore's exports have performed strongly over the past year. Non-oil domestic exports (NODX) increased by 11.8% in 2000. Since Nov 2000, the growth of NODX has moderated 1 , as external demand weakened
- MAS
- Speeches
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- Mr Jaseem Ahmed, Secretary-General, Islamic Financial Services Board (IFSB) Ladies and gentlemen Good morning 1 I would like to extend a warm welcome to our overseas friends and thank the IFSB for providing the Monetary Authority of Singapore (MAS) the opportunity to host this year’s Islamic Capital Markets Seminar. It is also an honour to welcome Mr Jaseem Ahmed, the new IFSB Secretary General to Singapore. 2 The growth of Islamic capital markets has been robust in recent years. Global
- MAS
- Speeches
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- Dr Ackermann, Excellencies, Ladies and Gentlemen, Introduction It is my great pleasure this afternoon to join my fellow central bankers and regulators in a discussion of this very current topic. As MAS performs both the functions of a central bank as well as a financial regulator, I will be taking on both perspectives this afternoon. 2 As you all know very well, the recent market turbulence was triggered by concerns over a very specific segment of high-risk borrowers, but very rapidly spilled
- MAS
- Speeches
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- Good morning. Welcome to MAS’ annual report press conference. 2 I will touch on four broad areas today. First, growth and inflation, including asset prices; second, our regulatory measures to safeguard the interests of consumers of financial products; third, the growth of the financial sector and fourth, an overview of MAS’ financial results. 3 Let me start with the economy. MOMENTUM SLOWS BUT ECONOMY ON TRACK TO MEET 2-4% GROWTH FORECAST 4 The economy grew an average of 0.4% on q-o-q seasonally
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Domestic Non-Performing Loans For Parliament Sitting on 04 Sep 98 Question: To ask the Deputy Prime Minister whether there has been an increase in domestic non-performing loans as a result of the economic downturn, with regard to (i) absolute magnitude; (ii) magnitude as a percentage of total domestic loans; and (iii) the number of such loans. Answer: As at 30 Jun 98, the total domestic non-performing loans (NPLs) of the 6 local banking
- MAS
- Media Releases
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- Singapore, 12 October 2006...The Monetary Authority of Singapore (MAS) issued a consultation paper that sets out the proposed regulatory framework for mortgage insurance business. The paper also describes how mortgage insurance will be treated in the calculation of the capital requirements for locally incorporated banks. 2. Mortgage insurance protects residential mortgage lenders against losses on mortgage loans arising from default by borrowers. It is unlike mortgage life insurance which pays
- MAS
- Media Releases
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- Singapore, Brussels, 1 April 2019… The European Commission has today recognised a number of Singapore trading venues authorised by the Monetary Authority of Singapore (MAS) as eligible for compliance with the EU trading obligation for derivatives. This decision will allow EU counterparties, essentially EU investment banks that operate as swap dealers in Asia, to comply with their EU trading obligation under the Markets in Financial Instruments Regulation ( MiFIR ) and in line with the G20 reforms
- MAS
- Speeches
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- Thank you for the opportunity to engage on Mark Carney’s deeply thoughtful lecture. Mark has given us a powerful rendition of the transformation taking place that will “re-wire” our monetary and financial systems. Centrifugal forces are driving financial functions away from the traditional core. These forces are not just affecting money, but all aspects of the monetary system. Mark also reminds us that, amid this transformation, money has to be anchored on “values of trust, resilience, dynamism,
- MAS
- Media Releases
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- Singapore, 26 April 2023... The Government announced today increases in the Additional Buyer’s Stamp Duty (ABSD) rates to promote a sustainable property market. The revised rates will take effect from 27 April 2023. 2 The implementation of the property market measures in December 2021 and September 2022 have had a moderating effect. However, in 1Q2023, property prices showed renewed signs of acceleration amid resilient demand. Demand from locals purchasing homes for owner-occupation has been especially