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Monetary Authority of Singapore (MAS)
Regulatory Action
MAS slaps 12-year prohibition order against former Manulife Financial Advisers representative for cheating
Ong Ka Yong was sentenced to 47 months’ imprisonment on Sept 4, 2023.
April 22, 2024
Energy
One of MAS’s two coal plant retirement pilots provides first update since COP28
Retiring the SLTEC coal plant in the Philippines a decade early could avoid up to 19 million tonnes of CO2.
April 17, 2024
Sustainability
MAS sets aside $35 mil to support upskilling, reskilling and the development of specialists in sustainable finance
Some of the initiatives include the introduction of new sustainable finance courses through institutes of higher learning.
April 17, 2024
Singapore economy
Singapore’s GDP grew by 2.7% in 1Q2024 based on advance estimates; MAS to maintain current rate of appreciation
On a q-o-q seasonally adjusted basis, the economy expanded by 0.1%.
April 12, 2024
Cybersecurity
MAS to strengthen financial services' cyber resilience with Mastercard MOU
MAS and global payments company Mastercard have signed an MOU to enhance cooperation in cybersecurity.
April 09, 2024
Regulatory Action
MAS expands scope of regulated payment services; provision of DPT custodial services now included
The amendments will allow the MAS to impose requirements relating to AML/CFT, user protection and financial stability on DPTSPs.
April 02, 2024
Special Event
IMAS Investment Conference & Masterclass 2024 gather industry leaders to drive positive change
IMAS hosts the largest buy-side investment conference and calls for the industry to act on “Reshaping Tomorrow”.
March 28, 2024
Cryptocurrency
OKX receives in-principle approval from MAS, awaits awarding of full licence
OKX also applied for a licence in Hong Kong last November.
March 13, 2024
Singapore economy
MAS nudging inflation down to 2% by 2025
MAS chief economist Edward Robinson says the central bank's progressive tightening has facilitated a gradual decline in inflation.
March 06, 2024
Singapore news
Singapore probes remittance firm on suspected fraudulent trading
This is the most significant development yet in a fund-freeze scandal in the city-state.
February 23, 2024