SINGAPORE: Monetary Authority of Singapore has made timely, relevant and adequate disclosures of its regulatory findings and actions relating to the 1MDB investigations, the regulator says on its website. It said on MOnday that it has kept the public updated through media statements at key milestones and level of disclosure to-date has been extensive and […]
Read More[BEIJING] China and Singapore have renewed a bilateral currency swap agreement worth 300 billion yuan (S$59.80 billion) for three years, the central banks of the two countries said on Monday. Under the arrangement, the People’s Bank of China and the Monetary Authority of Singapore (MAS) can access foreign currency liquidity to support trade and investment […]
Read MoreINVESTMENT costs among Singapore’s retail funds remain stubbornly high, exacting a substantial toll in terms of net returns for investors. But in a funds landscape dominated by distributors such as banks and insurance companies, the overall picture is unlikely to change much – unless regulation intervenes, as it has across markets in UK, Australia and […]
Read MoreTADA, a blockchain-based application by Singapore firm MVL Foundation, was launched in Phnom Penh, Cambodia on Wednesday. MVL signed a memorandum of understanding with Pi Pay, a digital wallet and lifestyle application based in Cambodia. Pi Pay and Alipay will be integrated onto the TADA application in Cambodia to allow for seamless cashless transactions. “This […]
Read MoreSINGAPORE’s life insurance industry saw a 1 per cent growth in weighted new business premiums to S$937.2 million for the first quarter of 2019, the Life Insurance Association Singapore (LIA) said on Thursday. Uptake of annual premium policies for the first quarter rose 11 per cent year on year to S$712.5 million in total weighted annual premiums. The uptake […]
Read MoreSingapore is discussing the possibility of allowing virtual banks to operate in the city state, the Monetary Authority of Singapore said Tuesday. “MAS is studying whether to admit such digital-only banks with non-bank parentage,” the financial regulator said in an emailed reply to questions from Bloomberg News. “We have been engaging relevant stakeholders to ascertain […]
Read More
Thailand
