monetary authority of singapore

Singapore Wirecard merchants scramble to jump ship

SINGAPORE merchants that use Wirecard to process payments are quickly switching to the beleaguered fintech's competitors, spooked by the downfall of the Wirecard parent that has collapsed into...

Singapore business loans fall further in May amid downturn

BUSINESS loans in Singapore extended its slide in May, mainly dragged down by weaker loans to financial institutions and general commerce, fresh data from the Monetary Authority of Singapore...

Singapore bank lending falls for third straight month in May: MAS data

BANK lending in Singapore fell 0.6 per cent in May from a month ago on the back of broad weakness across all segments, preliminary data from the Monetary Authority of Singapore showed on Tuesday.

Resilient supply chains come from greater connectivity: MAS chief

COUNTRIES should resist the temptation to retreat behind respective borders, even as Covid-19 has revealed how dependent - and vulnerable - countries are on global supply chains, said Ravi Menon,...

Keeping supply chains open is one key global priority in the wake of Covid-19: MAS chief

COUNTRIES should resist the temptation to retreat behind respective borders, even as Covid-19 revealed how dependent – and vulnerable – countries are on global supply chains, said Ravi Menon,...

Face-to-face client meetings and more bank branches to open when financial sector moves to Phase 2: MAS

SINGAPORE financial institutions can reopen shuttered branches and staff can meet their customers face to face again from Friday, the Monetary Authority of Singapore (MAS) has said.

Private-sector economists expect Singapore economy to contract 5.8% this year

PRIVATE-SECTOR economists expect Singapore's full-year gross domestic product (GDP) to decline by 5.8 per cent in 2020, with an 11.8 per cent year-on-year contraction in the second quarter,...

Digibank aspirants to show MAS updated proposals

THE 21 digital bank applicants in Singapore will be scrubbing through numbers and updating them to show the Monetary Authority of Singapore (MAS) from this month how their businesses and finances...

Digital bank applicants to update MAS on Covid-19's business impact from June

THE 21 digital bank applicants in Singapore will update the Monetary Authority of Singapore (MAS) from this month on how their business and finances have been impacted by the global pandemic, ...

CAD, MAS and Acra launch joint probe into Hyflux and its directors

HYFLUX and its current and former directors are under investigation by the authorities for suspected false and misleading statements and breaches of disclosure rules that may have taken place over...

Singapore rates unlikely to stay negative, but may remain low till 2021

SINGAPORE'S one-month Swap Offer Rate (SOR) fell briefly below zero last Wednesday for the first time since 2011, raising the spectre that the Republic could be following in the footsteps of other...