monetary authority of singapore

MAS' near-zero cost funding to banks will halve borrowing rates for SMEs

SINGAPORE banks will just about halve the interest rates to small- and medium-sized enterprises (SMEs) on the latest tranches of government-assisted loans, as the central bank stepped in for the...

More than 17,000 applications to defer mortgage payments as virus hits home

MORE than 17,000 consumers have applied to defer their mortgage repayments, in a nod to the escalating impact of the virus outbreak.

Delay of digibank results due to Covid-19 not a dial back in commitment

PUSHING back the digital banking timeline is not a signal that Singapore is dialling back its ambitions on this front. Instead, it is giving contenders some breathing room to navigate the virus...

MAS delays digital bank licence results to H2 2020

SINGAPORE’S digital banking contenders will need to wait a bit longer to know whether they are successful in their applications.

TDSR waived for deferred mortgage payments

BUSINESSES that apply to defer payments for their secured property loans, as well as property owners doing so for residential mortgages, will not be subject to the total debt servicing ratio (TDSR...

Guidelines out on deferment of secured loan, mortgage payments

FINANCIAL institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a...

MAS' double-tap policy easing still an exercise in restraint

SINGAPORE'S central bank brought out the big guns on Monday.

MAS to boost USD liquidity with auctions of dollars from Fed swap facility

AMID broadening concerns over a record surge in the greenback, the Monetary Authority of Singapore (MAS) will move to lend US dollars (USD) obtained from the US Federal Reserve to banks in...

MAS to flatten S$NEER slope, could re-centre: economists

WHILE economists agree that the Monetary Authority of Singapore (MAS) will almost certainly flatten the slope of the foreign exchange policy band on March 30, opinions differ on whether the band...

Banks' relief measures for Covid-19 in line with corporate debt restructuring guidelines: MAS

THE Monetary Authority of Singapore on Friday said the relief support announced by banks thus far to support customers affected by the ongoing 2019 novel coronavirus (Covid-19) outbreak, are in line...