The UK and Singapore renewed their commitment to engagement beyond the Dialogue through a series of roadmap engagements to explore further cooperation in sustainable finance and fintech and innovation, ahead of the next Financial Dialogue due to be held in the UK in 2025.

Singapore: MAS introduces amendments to Payment Services Act; Changes to take effect in stages from April 4

MAS stated that the amendments will empower it to impose requirements relating to anti-money laundering and countering the financing of terrorism, user protection and financial stability on DPT service providers.

Projecting Narendra Modi’s return, Indian FM presents poll-bound ‘no disruption’ unchanged tax rate Interim Budget, estimates fiscal deficit at  5.1% of GDP

While an interim budget is about allocating funds to keep the government functions going before a new government is installed and present a full budget (national polls are due by May in India), the FM focused on the achievements of the Modi government in the past ten years.

Civil penalty of S$3.9 million imposed on Credit Suisse AG by MAS for misconduct by its relationship managers

Failure to prevent misconduct by its relationship managers (RMs) has cost Credit Suisse AG S$3.9 million, which was imposed on the bank by the Monetary Authority of Singapore (MAS). The news of the civil penalty was confirmed by an official news release on December 28, 2023. The aforementioned offence took place in the Singapore branch […]

Economist warns India about mounting debt as IMF presents worst-case scenario

Noted economist Ajit Ranade has warned India about its high debt, echoing concerns projected by the International Monetary Fund recently, where the body said that the debt could exceed 100 percent of the national GDP in the next four years. Here’s what the Vice Chancellor of Gokhale Institute Of Politics & Economics Pune said, as […]

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