MAS said a 2025 survey found that two in three people were willing to receive Fit notes in their red envelopes, which are traditional gifts of money given during auspicious occasions such as the Lunar New Year.
This is considered the second largest cumulative penalty imposed by MAS for breaches related to anti-money laundering and countering the financing of terrorism.
The Monetary Authority of Singapore (MAS) last month said digital token service providers (DTSPs) that served only overseas clients must have a licence to continue operations past June 30 – or close up shop.
Economists said Singapore's inflation will continue to ease in the months ahead, with a chance that consumer prices might even drop if the global economy takes a sharp turn downwards.
The State Securities Commission of Vietnam (SSC) and Monetary Authority of Singapore (MAS) have announced a partnership aimed at enhancing the integrity and stability of their capital markets.
The Monetary Authority of Singapore will "reduce slightly the slope" of the dollar trading band, which it said will ensure medium-term price stability.
The Monetary Authority of Singapore (MAS) on October 14 decided to keep unchanged its monetary policy stance, as its economy improved in the third quarter of this year.
The Singaporean Government has been researching solutions to revive the domestic stock market as many companies have weakened in recent years amid high interest rates.
A newly-established review group with representatives from both the private and public sectors will propose measures to revitalise Singapore’s struggling stock market.
Aggregate household debt in Singapore fell for the eight consecutive quarter to 1.2 times personal disposable income in the third quarter of 2023, the lowest level in over a decade, the Monetary Authority of Singapore (MAS) said in its Financial Stability Review for this year.
The Monetary Authority of Singapore (MAS) and Bank Indonesia (BI) have freshly debuted a cross-border quick response (QR) payment linkage between the two nations.
Singapore’s gross domestic product (GDP) growth should improve gradually next year while core inflation is expected to ease by December, according to the Monetary Authority of Singapore (MAS).
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have announced a further extension of their bilateral financial agreement by one year to November 2, 2024.
Private sector economists expect Singapore's economy to weaken further in the third quarter with a gross domestic product growth forecast of 1%, according to the quarterly survey by the Monetary Authority of Singapore (MAS) released on September 6.
Singapore’s core inflation, exclusive of private transport and accommodation costs, rose 5% year on year in March, lower than the 5.5% recorded in February and experts’ estimate of 5.1%.
After focusing on curbing inflation, the Monetary Authority of Singapore (MAS) has decided to pause monetary policy tightening as it considers growing risks confronting the economy.
