SINGAPORE – Policymakers worldwide have woken up to the costs that climate change will inflict and are trying to smoothen the transition to a green economy. Environmental scientists believe 2020 […]
MAS appoints finance minister Lawrence Wong as deputy chair of its board
SINGAPORE – Finance Minister Lawrence Wong has been appointed deputy chairman of the central bank’s board of directors, the Monetary Authority of Singapore (MAS) said on Friday (May 28). Mr […]
Consumer spending by S'pore residents last year at 2019 level despite Covid-19: MAS
SINGAPORE – Consumer spending in Singapore by those residing here was resilient last year and at a similar level to 2019 despite the Covid-19 pandemic. This was likely because those […]
Guidelines to help firms in Singapore boost green finance
A new task force has issued guidelines to help Singapore-based financial institutions identify green activities. They include a “traffic-light” system that can help classify activities as green, yellow (transition) or […]
MAS issues notice to remove Eagle Hospitality Reit's manager
SINGAPORE (THE BUSINESS TIMES) – The Monetary Authority of Singapore (MAS) on Monday (Oct 26) issued a notice of intention to remove the manager of Eagle Hospitality Reit (EH-Reit) and to […]
MAS to ensure Singapore banks' smooth transition to Sora by end-2021
SINGAPORE (THE BUSINESS TIMES) – The Monetary Authority of Singapore (MAS) will be stepping up supervisory engagement to ensure that banks in the Republic are well prepared to transition from […]
Singapore core inflation slips deeper into negative in March, overall inflation falls to zero
SINGAPORE – Core inflation remained in negative territory for the second straight month in March, on the back of a steeper decline in the cost of services. The measure, which […]
MAS sets zero appreciation path for Singdollar at lower level in easing move as economy heads for recession
SINGAPORE – The Monetary Authority of Singapore (MAS) eased its policy stance on Monday (March 30) by setting the Singapore dollar’s rate of appreciation at zero per cent at the […]
MAS set for aggressive action come Monday: What to expect
SINGAPORE (BLOOMBERG) – Singapore’s central bankers are poised to take unprecedented action on Monday (March 30) to bolster financial markets and support an economy facing a severe recession. The Monetary […]
MAS advises financial institutions to implement safe distancing measures amid Covid-19 outbreak
SINGAPORE (THE BUSINESS TIMES) – The Monetary Authority of Singapore (MAS) has issued an advisory to all financial institutions in Singapore, telling them to implement “safe distancing measures in all […]