MAS managing director Ravi Menon

Cryptocurrency

Singapore retreat from retail crypto sector opens way for rivals

The MAS on Wednesday unveiled proposals to restrict retail participation in digital assets.
MAS embarks on 'Project Orchid' to build retail CBDC capabilities  - THE EDGE SINGAPORE

Singapore FinTech Festival 2021

MAS embarks on 'Project Orchid' to build retail CBDC capabilities

The MAS recognises that there could be potential benefits offered by innovative retail CBDC solutions in the future.

Singapore economy

Uneven recovery raises spectre of widening income gap

How Singapore’s economy recovers from the pandemic will affect income inequality here.

Fintech

Singapore considers extending fintech funding beyond 2020

SINGAPORE (Nov 11): Singapore’s central bank is poised to extend funding for financial-technology initiatives because the five-year round ending in March has yielded positive results, its top official said.

Banking & finance

Singapore wants to become an Asian Hub for virtual banks

SINGAPORE (Nov 8): Singapore’s welcome mat to virtual banks is going beyond its own shores.

SE Asian economies

US currency manipulation threat puts Asia nations on guard

(Oct 24): Asia is bracing for the latest US Treasury report on foreign currency manipulators, coming in the middle of a trade war that shows no sign of ending.

In print this week

Singapore central bank chief says policy stimulus may not be necessary

SINGAPORE (Mar 4): Singapore’s monetary policy stance remains appropriate for current conditions and there is no need for policy stimulus if the economy performs as expected, central bank managing director Ravi Menon said.

Fintech

Ravi Menon – the architect of Singapore's financial revolution

(Dec 29): His words don't carry a fraction of Fed Chair Janet Yellen's power to move markets; nor do his actions possess the strength of Haruhiko Kuroda's balance-sheet maneuvers at the Bank of Japan. He isn't an intellectual in the mold o

MAS says 1MDB-linked penalties heavy enough

SINGAPORE (June 29): The penalties Singapore handed out in relation to its probe into 1Malaysia Development Bhd-related fund flows were strong enough to send "deterrent" signals, said its regulatory chief.
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