Ravi Menon

The financial sector saw 1,900 net openings in the first half of 2020.

MAS has signed MOUs with UNDP and the Bank of Ghana to help SMEs in the developing world better access global opportunities.

The decision on awarding these licenses are “strictly merit-based", says MAS chief Ravi Menon.

BNP Paribas, OCBC Bank and UOB have introduced innovative green and sustainability-linked loan that will qualify for the scheme.

Moving forward, information such as NRIC numbers, addresses and birth dates will not be used as the sole means of identification.

Dalio's principles can be applied to policy-making and not just investing, says WMI CEO Foo Mee Har

Aviation and tourism industries are a worry, especially with an expected slow recovery in travel, he said.

The extension in support measures will progressively expire over 2021.

The outlook for the global economy is highly uncertain, as Covid-19 has ravaged markets worldwide at an unprecedented scale, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).

Hong Kong remains a “formidable” financial centre even though inquiries from businesses looking to come to Singapore are picking up amid the uncertainties in the Chinese territory, said the chief of Singapore’s financial regulator.