Singapore banking: MAS imposes 6-month pause on DBS Bank’s non-essential infotech activities

The Monetary Authority of Singapore has imposed a six-month pause on DBS Bank Ltd’s non-essential information technology changes to ensure that the bank keeps sharp focus on restoring the resilience of its digital banking services.

Port Talbot: Tata Steel, U.K. Government agree to invest USD 1.54 billion

Tata Steel and the UK government have announced a joint agreement on a proposal to invest in Electric Arc Furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion inclusive of a grant from the UK Government of up to £500 million.

Ravi Menon retiring from Monetary Authority of Singapore after 29 years; Chia Der Jiun to take over as MD

A media release said that as MD, Ravi Menon was the driving force behind MAS’ initiatives to make Singapore’s financial sector more resilient, innovative, and purposeful.

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