monetary authority of singapore

Curtain falls on CoAssets crowdfund platform, but no systemic risk seen in P2P lending

SINGAPORE-BASED crowdfunding platform CA Funding - formerly known as CoAssets - has thrown in the towel and is in the process of winding down, but there is no sign it is a harbinger of the...

Bitter wait for CoAssets noteholders as investments turn sour

IT is likely to be a long-drawn affair for CoAssets' promissory noteholders to claw back their investments - if they were to get back any at all, said industry watchers.

Singapore digital banks face hard slog but incumbents can't sit pretty either

SINGAPORE'S first digital banks will need to focus on building trust and managing acquisition costs to succeed in the long run, analysts say.

MAS expands industry steering committee mandate to drive Sibor transition

THE Monetary Authority of Singapore (MAS) is expanding the mandate of the steering committee that is overseeing the Swap Offer Rate (SOR) transition to Singapore Overnight Rate Average (Sora), it...

StanChart closer to building digital-only bank in Singapore

STANDARD Chartered Singapore was awarded enhanced "Significantly Rooted Foreign Bank" (SRFB) privileges by the Monetary Authority of Singapore (MAS) on Thursday, paving the way for it to set up a...

StanChart Singapore moves big step closer to digital-only bank

STANDARD Chartered Singapore was awarded enhanced "Significantly Rooted Foreign Bank" (SRFB) privileges by the Monetary Authority of Singapore on Thursday, paving the way for it to set up a digital-...

Border reopenings another plus for Singapore's recovery

NEWS about promising Covid-19 vaccine candidates is fuelling private-sector economists' optimism about Singapore's economic growth in 2021, with nearly half viewing the reopening of borders as a...

Singapore unemployment rate expected to hit 3.7% by year-end: survey

SINGAPORE'S economy appears on track to shrink 6 per cent in 2020, although unemployment could rise further by year-end, according to private-sector economists polled by the Monetary Authority of...

MAS partners UN programme to help SMEs access global value chains

SMALL and medium-sized enterprises (SMEs) in developing countries will get more help to access global value chains under a partnership between the United Nations Development Programme (UNDP)...

SMEs to get more access to trade and financing with MAS-Bank of Ghana tie-up

SMALL and medium-sized enterprises (SMEs) in Singapore may have greater access to trade opportunities and financial services from Ghana, with the Monetary Authority of Singapore (MAS) and the Bank...

Singapore pushes financial inclusion as it cracks puzzle on 'open banking'

SINGAPORE has cracked a world's first again with a goal in mind: to return more decision-making power to every citizen on what they should do with their finances.