Rising food, service prices push Singapore’s inflation up in June World

Rising food, service prices push Singapore’s inflation up in June

Increase in the prices of food and services pushed Singapore’s Consumer Price Index (CPI) in June up by 0.6 percent year-on-year, according to a joint report by the Singaporean Ministry of Trade and Industry and the Monetary Authority of Singapore (MAS) released on July 23.
Singapore warns of cyber fraud World

Singapore warns of cyber fraud

The Monetary Authority of Singapore has warned consumers to raise alert to e-mails asking for private information related to bank accounts.
Singapore tightens monetary policy World

Singapore tightens monetary policy

Singapore has decided to tighten its monetary policy for the first time in six years as part of efforts to cope with risks of global trade tension, local authorities announced on April 13.
Singapore fines Standard Chartered Bank, Trust World

Singapore fines Standard Chartered Bank, Trust

The Monetary Authority of Singapore (MAS) announced on March 19 it has imposed fines of 5.2 million SGD (about 3.95 million USD) on the Singapore branch of Standard Chartered Bank (SCBS), and 1.2 million SGD (about 910,000 million USD) on Standard Chartered Trust (Singapore) Limited (SCTS).
Singapore’s GDP forecast to grow 3.2 percent in 2018 World

Singapore’s GDP forecast to grow 3.2 percent in 2018

The Monetary Authority of Singapore (MAS) – the central bank - said on March 14 that economists have raised their forecasts for the country’s economic growth in 2018, as they upgraded their views on private consumption as well as wholesale and retail trade.
Singapore’s inflation remains low in April ASEAN

Singapore’s inflation remains low in April

Singapore’s inflation rate in April decreased 0.4 percent year-on-year, coming in below the 0.7 percent in the previous month, according to the latest report by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).
Singapore fines 1MDB-linked British banks World

Singapore fines 1MDB-linked British banks

The Monetary Authority of Singapore (MAS) has imposed penalties on the local units of two UK-based banks – Standard Chartered and Coutts – for breaching anti-money laundering (AML) rules related to Malaysia's 1MDB fund.
Singapore: 2017 growth rate revised down ASEAN

Singapore: 2017 growth rate revised down

Analysists lowered Singapore’s economic growth forecast in 2017 from 2.1 percent to 1.8 percent, equal to the level of 2016, following the results of a survey conducted by the Monetary Authority.
Singapore loosens monetary policy ASEAN

Singapore loosens monetary policy

Singapore on April 14 announced that the country will loosen its monetary policy in an attempt to stimulate the country’s sluggish economy which has been forecast for slow growth this year.