Indian-origin Managing Director of the Monetary Authority of Singapore (MAS) Ravi Menon said the city-state’s central bank has recorded its largest net loss of SGD 30.8 billion (USD 22.8 billion) in 2022-2023.
Tag: MAS
SGX, NSE to launch platform to trade Nifty products in GIFT City from July 3
The Singapore Exchange (SGX) and India’s National Stock Exchange (NSE) are set to launch the SGX NSE Connect at the Gujarat International Finance Tec-City (GIFT City) from July 3.
RBI, MAS announce plan to link e-payment systems across India, Singapore
Singapore News: The Reserve Bank of India and the Monetary Authority of Singapore announced a project to link their respective fast payment systems. While India uses Unified Payments Interface (UPI) as a fast payment method, Singapore uses the PayNow system.
SMEs to get extended COVID aid in Singapore
Singapore’s small and medium-sized enterprises (SMEs) will continue to receive support in relation to COVID-19 as part of additional support measures costing SGD1.2 billion (USD 900 million).
Singapore commits SGD250 million to drive technology and innovation in fintech sector
Monetary Authority of Singapore (MAS) will commit SGD250 million over the next three years to accelerate technology and innovation-driven growth in the financial sector.
Long term economic recovery from COVID-19 will be weak and gradual: MAS Ravi Menon
While a strong short-term growth bounce from the impact of the VODI-19 pandemic is plausible, the longer term recovery is likely to be weak and gradual, said Ravi Menon, Managing Director, MAS.
MAS concludes multi-currency blockchain project, highlights commercial potential
MAS announced the successful conclusion of the fifth and final phase of Project Ubin, a blockchain-based multi-currency payments network prototype developed in collaboration with J.P. Morgan and Temasek.
Supply chain and digital connectivity key in post-COVID-19 world: MAS Ravi Menon
Closer integration – through trade and investment – has underpinned the prosperity and poverty reduction since the second world war, and it is something that needs to be preserved, said Ravi Menon, Managing Director of MAS.
14 digital bank applications to progress to next stage of assessment: MAS
14 of the 21 digital bank applications received by the Monetary Authority of Singapore (MAS) have met the eligibility criteria required for the application to be considered.
Singapore economy expected to shrink 5.8% in 2020: MAS survey
GDP growth is expected to recover to 4.8 per cent in 2021.
