Grab and Sea urge MAS to lift deposit cap to win the digital banking race
SINGAPORE — Grab Holdings Ltd and Sea Ltd have been lobbying the Monetary Authority of Singapore (MAS) to lift a…
Four individuals imprisoned in Singapore for market-rigging scheme
SINGAPORE — Four individuals involved in a stock market manipulation scheme have been convicted and sentenced to imprisonment for fraudulent…
MAS records largest net loss of S$30.8 Billion amid strong Singapore dollar
SINGAPORE — The Monetary Authority of Singapore (MAS) posted a record net loss of S$30.8 billion in the financial year…
Lawrence Wong appointed Chairman of MAS Board of Directors, replacing Tharman
SINGAPORE —The Monetary Authority of Singapore (MAS) announced on Monday (3 July) that Deputy Prime Minister and Minister for Finance,…
Singapore’s Core Inflation Declines 4.7% in May, prompting moderate outlook for inflation in H2 2023
SINGAPORE — Singapore’s core inflation declined to 4.7% year-on-year (y-o-y) in May, down from 5.0% in April. In February and…
MAS launches commemorative $10 coin to honor Singapore’s Founding Prime Minister Lee Kuan Yew
SINGAPORE— The Monetary Authority of Singapore (MAS) unveiled a special $10 coin on Monday (15 May) to celebrate the 100th…
Singapore boosts gold reserves by 30% in Jan 2023, ranks third for largest gold reserve increase in past decade
Amid reports that Singapore’s gold reserves have recently increased by 30% in January 2023, City Index can reveal that Singapore…
MAS imposes additional capital requirement on DBS bank following repeated service disruptions
In a statement late Friday, the Monetary Authority of Singapore (MAS) announced that it had imposed an additional capital requirement…
Singapore doubles ABSD to 60% for foreign property buyers in effort to “prioritise housing for owner-occupation”
SINGAPORE— To “promote a sustainable property market” and “prioritise housing for owner-occupation”, Singapore government announced the implementation of increased Additional…
Singapore’s inflation to remain elevated in the short term, but expected to moderate in H2 2023
SINGAPORE — The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) have issued an update…