MAS: Digital, data connectivity key to cross-border trade

Cross-border trade could benefit from deepening digital and data connectivity, said Singapore's central bank chief yesterday.

Singdollar deposits hit new high, with banks reporting that customers are saving more

SINGAPORE - Retail deposits in Singapore have grown by up to 40 per cent at two local banks amid economic fall-out due to the Covid-19 outbreak, compared with a year ago, as more bank customers...

MAS sees challenges and opportunities for financial industry

Singapore's financial industry should be able to operate effectively through the pandemic and prepare itself for new challenges and opportunities in the post-Covid-19 world, the central bank said...

Consumer loans see record fall in March on virus fallout

CONSUMER loans registered its sharpest fall on record over a big shrinkage in unsecured personal loans in March, fresh data from the Monetary Authority of Singapore (MAS) showed on Thursday.

Covid-19 will hit wages more than jobs; retail, F&B, recreation sector workers most at risk of layoffs: MAS

Some companies affected by the Covid-19 fallout could also ask employees to take pay cuts, and bonuses could also be reduced in some sectors.

MAS eases some capital requirements for banks, but says no share buybacks

THE Monetary Authority of Singapore (MAS) has loosened certain capital and liquidity requirements for banks amid the virus outbreak, but with a clear caveat: that the release of capital buffers...

SMEs wait for banks' next move, with rise in government's risk share for loans

THE government will further raise its risk-share of several enterprise loans, as it pulls out all the stops to enhance financing support so that "viable businesses" can continue to have access to...

MAS advises banks on extra measures amid virus outbreak

SINGAPORE'S central bank has asked financial institutions here to take additional measures and precautions after the Government raised the alert level on the coronavirus outbreak.

Look Back 2019: Disruption ahead in financial sector as digital-only banks loom

Moves to set up digital-only banks are underway in Singapore as the regulator rounds up applications this month.

Businesses and households must be careful not to overextend themselves amid global uncertainties: MAS

SINGAPORE - Rising risks to financial stability from ongoing trade and geopolitical tensions and expectations for sluggish global growth ahead mean businesses and households should be careful not...

Money FM podcast: MAS CFO shares takeaways from the Singapore Fintech Festival

Sopnendu Mohanty, chief fintech officer, Monetary Authority of Singapore, talks about insights gained after wrapping up the biggest edition of the Singapore Fintech Festival to date.