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Singapore not going cashless ‘for its own sake’ but for economic competitiveness: Vivian Balakrishnan

SINGAPORE is not going cashless “for its own sake”, but to enhance the competitiveness of its economy, said Vivian Balakrishnan, minister-in-charge of the Smart Nation Initiative, at the Committee of Supply debate on Thursday. Dr Balakrishnan was responding to Desmond Choo, a member of the People’s Action Party and mayor of the North East District […]

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Singapore Budget 2018: PayNow to be extended to businesses, public agencies

BUSINESSES will soon be able to receive payments from other businesses and even consumers through homegrown funds transfer tool PayNow, announced Vivian Balakrishnan, Minister-in-Charge of the Smart Nation Initiative, at the Committee of Supply debate yesterday. The Business Times understands that PayNow Corporate will be launched around August this year, and will likely impact B2C […]

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FILE PHOTO: A view of the Monetary Authority of Singapore building in Singapore April 18, 2016. REUTERS/Edgar Su/File Photo
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Malaysia, Singapore, and Thailand agree on changes to Asean Collective Investment Schemes framework

Malaysia, Singapore and Thailand authorities have agreed to commit to a revised version of the Asean Collective Investment Schemes (CIS) framework that will provide retail investors wider access to fund managers across the three countries. The Securities Commission Malaysia, the Monetary Authority of Singapore, and the Securities and Exchange Commission of Thailand’s enhanced framework took […]

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