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Monetary Authority of Singapore (MAS)
Singapore news
MAS to eliminate corporate cheques by 2025; banks to start charging for cheques
A second public consultation will be conducted in 2024 to set out the initiatives and timeline to eliminate cheques in the system.
July 28, 2023
Singapore economy
Singapore’s headline inflation down to 4.5%, core inflation down to 4.2% in June (update)
On a m-o-m basis, headline inflation rose by 0.5% while core inflation increased by 0.2%.
July 24, 2023
Singapore news
Briefs: GXS raises deposit limit to $75,000; EY cautions on valuations ahead of Sabana's EGM; Sg politicians resign
Quoteworthy: "Singapore is very fortunate to have two of the best people I know running for President." - Ray Dalio.
July 21, 2023
Banking & finance
GXS raises deposit limit from $5,000 to $75,000, savings accounts now open to public
The two digital banks here have reportedly been lobbying the Monetary Authority of Singapore to raise the $50 million deposit cap.
July 19, 2023
Sustainability
Environmental non-profit The Nature Conservancy opens Singapore office with EDB's support
Thomas Brzostowski, interim Singapore country director, says the non-profit will recruit a permanent lead “in the coming months”.
July 18, 2023
Banking & finance
MAS and National Bank of Cambodia to set up financial transparency corridor for SMEs
Named the financial transparency corridor (FTC) initiative, the MOU was signed on July 11.
July 11, 2023
Cryptocurrency
Lending and staking restrictions present new challenges to Singapore crypto players
Most in the crypto industry believe this restriction is challenging and have lobbied instead for a middle ground.
July 07, 2023
Wealth
MAS to propose additional measures against SFO money laundering risks
The number of SFOs that were awarded tax incentives by the MAS grew to 1,100 as at end-2022.
July 05, 2023
Singapore economy
MAS not switching from fighting inflation to supporting growth
MAS’s monetary policy stance remains tight relative to the business cycle.
July 05, 2023
Results
MAS posts net loss of $30.8 bil for FY2022/FY2023 amid depressed market environment
As at March 31, total capital and reserves of MAS was $34.3 billion.
July 05, 2023