Monetary Authority of Singapore

SINGAPORE: The Monetary Authority of Singapore (MAS) recorded its largest net loss of S$30.8 billion (US$22.8 billion) in the financial year that ended Mar 31, widening from a S$7.4 billion loss in the year before that. This was due to a …

SINGAPORE: The Monetary Authority of Singapore (MAS) is proposing to increase coverage of the deposit insurance scheme from S$75,000 (US$55,630) to S$100,000. MAS on Tuesday (Jun 27) published a public consultation paper on the proposals…

SINGAPORE: The day-to-day operations of the Singapore entities of UBS and Credit Suisse will not be interrupted by the completion of the takeover involving the two Swiss banks, the Monetary Authority of Singapore (MAS) said on Monday (Jun…

SINGAPORE: Single family offices which were granted tax incentives in Singapore managed about S$90 billion in assets as at 2021, Minister of State for Trade and Industry Alvin Tan said in Parliament on Wednesday (May 10). This is less than…

SINGAPORE: A digital platform for financial institutions in Singapore to share information on suspicious customers or transactions will be set up after parliament passed the Financial Services and Markets (Amendment) Bill on Tuesday (May…

SINGAPORE: Bankruptcy applications by individuals in Singapore could pick up further, as a “small segment of more vulnerable borrowers” face higher risks of financial distress amid rising interest rates and slower economic growth, said…

SINGAPORE: The Monetary Authority of Singapore (MAS) has not instructed banks to "keep quiet" about the origins of wealth inflows into Singapore, the Private Banking Industry Group (PBIG) said on Friday (Apr 14). The industry group's…

SINGAPORE: The Singapore banking system has “insignificant exposures” to the failed Silicon Valley Bank (SVB) and Signature Bank, which collapsed in recent days, the Monetary Authority of Singapore (MAS) said on Monday (Mar 13). “Banks in…

Binance's custody unit Ceffu said on Thursday it is planning to apply for a permit to offer payment services in Singapore, as the crypto exchange makes another attempt to function in the crypto-friendly city-state. "Once the relevant…

Indians can now send money to friends, colleagues, and relatives in Singapore using Google Pay, PayTM, and other digital payment systems, as the Unified Payments Interface (UPI) connects to PayNow from Tuesday. Read more on thisALSO READ |…