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Monetary Authority of Singapore (MAS)
Singapore economy
MAS launches review group to strengthen equities market; recommendations to come within a year
The review group will be chaired by Chee Hong Tat, Minister for Transport, Second Minister for Finance and MAS board member.
August 02, 2024
Singapore economy
MAS maintains prevailing rate of appreciation of S$NEER policy band in July MPS
MAS says it expects headline inflation to average 2.0% to 3.0% in 2024.
July 26, 2024
Regulatory Action
MAS cancels insurance broker registration of Acesynergy Brokers
The cancellation will take effect from July 24 onwards.
July 24, 2024
Singapore economy
S’pore growth ‘should strengthen this year’: MAS
GDP growth will come in “closer to its potential rate of 2% to 3%”, says MAS managing director Chia Der Jiun.
July 18, 2024
Bonds and treasuries
Total debt issued in S’pore grows 10.5% y-o-y to $556 bil in 2023 from multinationals’ financing needs
MAS attributes this in part to local banks’ increased interest and capacity amid stronger earnings from their lending businesses.
July 18, 2024
Artificial Intelligence
MAS announces additional $100 mil funding for FIs pursuing AI, quantum projects
MAS will co-fund quantum projects in three areas: technology centre grants, technology innovation grants and security grants.
July 18, 2024
Anti-money laundering
Wait time for tax incentive applications to be shortened, banks’ AML rules to be standardised: MAS
Financial institutions “with material nexus to” the money laundering case may soon face punitive measures, says MAS.
July 18, 2024
Asset management
S'pore's net AUM inflows falls to $193 bil in 2023, but AUM grows to $5.4 tril
AUM growth was driven by asset value recovery, but challenges in managing monies led to a decline in net AUM inflows.
July 18, 2024
Results
MAS swings back from two years of losses with $3.8 bil net profit in FY2023/24
Total income for the financial year amounted to $25.2 billion, swinging back from a total loss of $17.1 billion in the prior year.
July 18, 2024
Singapore economy
S’pore 2Q2024 GDP grows 2.9% in advanced estimates, beating forecasts
The figure stands slightly ahead of market-watchers’ expectations of 2.7% y-o-y growth during the quarter.
July 12, 2024