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.

India, Singapore link digital payments for cross-border deals

In what is a first-of-its-kind collaboration with another country, India and Singapore yesterday linked their respective online payments systems – Unified Payments Interface (UPI) of India and PayNow of Singapore – for seamless cross-border transactions between the two countries.

Singapore’s GDP to grow 4℅ to 6℅ this year despite uncertain global outlook: Finance Minister Lawrence Wong

Singapore Minister Lawrence Wong said that with uncertainty looming large over global economy outlook, continue to expect Singapore’s GDP growth at least 4 per cent to 6 per cent this year.

1.4 million Singaporeans, 950,000 HDB Households to receive SGD 1.3 billion in GST Vouchers in 2021

Singaporeans will receive GST Voucher – Cash Special Payment and GSTV – U-Save Special Payment are part of the SGD 900 million Household Support Package announced at Budget 2021.

Singapore economy shrinks by record 5.8 % in COVID-hit 2020: MTI report

Singapore’s economy contracted a record 5.8 per cent in a pandemic-hit 2020, according to statistics from the Singapore Ministry of Trade and Industry.

COVID-19: Singapore SMEs in crisis, SICCI’s taskforce to the rescue

Chandra Mohan Retnam, Partner, Rajah and Tann and head of the Singapore Indian Chamber of Commerce and Industry COVID Task Force, in conversation @Work with Connected to India.

Singapore Government releases SGD 48 Billion Supplementary 2020 Budget

The Singapore government today released a SGD 48 Billion Supplementary 2020 Resilience Budget to supports workers, stabilise businesses and build resilience and help them emerge stronger.

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