MAS

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...

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...

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...

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...

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...

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...

Singapore economy expected to shrink 5.8% in 2020: MAS survey

GDP growth is expected to recover to 4.8 per cent in 2021.

Singapore facing most severe recession in history: MAS Ravi Menon

With this year's GDP growth forecast at –4 to –7 per cent, Singapore is facing the most severe recession in history, said Ravi Menon,...

MAS launches SGD 1.75 million FinTech challenge focusing on COVID-19 and climate change

Themed “Building Resilience, Seizing Opportunities, Emerging Stronger”, the MAS Global FinTech Innovation Challenge aims to promote...

MAS to develop fairness metrics in usage of AI for credit risk scoring and customer marketing

MAS has announced the commencement of the first phase of the Veritas initiative – a framework for financial institutions to promote the...

MAS launches SGD6 million grant to help FinTech companies amid COVID-19 pandemic

Called the MAS-SFA-AMTD FinTech Solidarity Grant, the initiative is a joint effort by MAS, Singapore FinTech Association (SFA), AMTD Group...

Singapore to enter recession this year: MAS

The Singapore economy had contracted by 2.2 per cent year-on-year in Q1 2020.

Financial services to remain open in Singapore amid new restrictions to battle coronavirus outbreak

Banking services will continue to be available through online channels, ATMs and bank branches.

Financial institutions should strengthen safe distancing measures: MAS

Financial Institutions in Singapore have been asked to actively encourage all customers to use electronic platforms (such as online or...

21 applications for digital bank licences received: MAS

At the close of application on December 31, 2019, the Monetary Authority of Singapore (MAS) received 21 applications for digital bank...

Eminent Indian-origin financial economist appointed as MAS term professor at NUS

Eminent financial economist Professor Amit Seru has been appointed by the National University of Singapore (NUS) and the Monetary Authority...

MAS warns against website soliciting bitcoin investments

The Monetary Authority of Singapore (MAS) issued an advisory warning people about a website that has been soliciting investments in...

Financial solutions need to be embedded in people’s lives: MAS Ravi Menon

For financial inclusion initiatives to stick, central banks and regulators need to ensure that FinTech offers interoperable solutions.

MAS, Deloitte team up to create industry-wide FinTech research platform

The aim of the platform is to help investors and financial institutions connect with FinTech​ start-ups that they can partner with or...

MAS successfully develops blockchain for multi-currency payments

The novel platform has the potential to improve cost efficiencies for businesses.

Singapore eases monetary policy for the first time since 2016

The Monetary Authority of Singapore (MAS) eased monetary policy for the first time in three years on Monday, October 14.

New guidelines to strengthen cybersecurity in Singapore’s financial industry

The Monetary Authority of Singapore (MAS) has issued a set of legally binding requirements to raise the standards and strengthen the cyber...

Singapore Central Bank chief Ravi Menon’s term extended for two years

The term of Ravi Menon as the managing director of the Monetary Authority of Singapore (MAS) has been extended for two more years.

MAS transfers SGD45 billion to Singapore government from official foreign reserves

The Monetary Authority of Singapore (MAS) made the announcement today that it would be transferring SGD45 billion from the official foreign...

MAS unveils Year of the Boar coins in Singapore

The Monetary Authority of Singapore (MAS) today unveiled the 2019 Year of the Boar Almanac coins, the third issue in the Singapore Fourth...