Singapore, Malaysia facilitate borderless payment World

Singapore, Malaysia facilitate borderless payment

The Monetary Authority of Singapore (MAS) and the Bank Negara Malaysia (BNM) plan to begin a phased linkage of Malaysia’s DuitNow and Singapore’s PayNow real-time payment systems in late 2022.
India, Singapore to link mobile payment systems World

India, Singapore to link mobile payment systems

The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) on September 14 announced a project to link their respective fast payment systems to facilitate cross-border money transfer with low cost.
Singapore economy to grow 6.5 percent this year: MAS survey World

Singapore economy to grow 6.5 percent this year: MAS survey

Despite the latest round of tighter COVID-19 restrictions, Singapore’s economy will grow by 6.5 percent this year, higher than the Government’s forecast of 4-6 percent, according to the latest survey released by the Monetary Authority of Singapore (MAS).
Singapore’s economy likely to decline in Q2 ASEAN

Singapore’s economy likely to decline in Q2

Singapore's economic growth may decline in the April-June period compared with the previous quarter because of the recently re-imposed coronavirus curbs, putting at risk the full-year target of more than 6 percent, experts have said. ​
World’s mammoth RCEP to benefit Singapore, regional nations World

World’s mammoth RCEP to benefit Singapore, regional nations

The Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade pact, will reduce tariffs and harmonise trade rules, and Singapore and regional nations stand to gain from it by being more deeply plugged into global supply chains.
Singapore’s deflation eases in November World

Singapore’s deflation eases in November

Singapore’s deflation eased in November, with both core and headline inflation at -0.1 percent year-on-year, compared to -0.2 percent in October, according to the Department of Statistics (Singstat) consumer price index (CPI) figures on December 23.
Singapore to extend debt relief scheme World

Singapore to extend debt relief scheme

Singapore will soon adjust its debt moratorium schemes, with the regulator looking to extend the programmes to certain borrowers beyond December 31 this year, while also ensuring that those with the ability to pay should begin repayment before the moratoriums expire.