On the occasion of Singapore’s four-step reopening plan with the end goal being a Covid-19-resilient nation, we have dedicated a mini-series to Singapore’s future after the pandemic. In three episodes our experts and guest speakers explore the reopening plan’s implications from different angles as Singapore embarks on this journey. In this episode we are taking […]
Read MoreTAX collection in Singapore fell by 7.3 per cent in the last financial year to S$49.6 billion due to dampened business activities amid the pandemic, said the Inland Revenue Authority of Singapore (Iras) on Thursday. The collection represents 73.6 per cent of the government’s operating revenue and 10.6 per cent of Singapore’s gross domestic product. […]
Read MoreTHE Monetary Authority of Singapore (MAS) has stopped Binance.com from carrying on its unlicensed payment services, and put the crypto exchange on its Investor Alert List. The move by Singapore’s central bank mirrors a crackdown on Binance’s operations by regulators around the world. On Thursday, an MAS spokesperson said the central bank has reviewed Binance.com’s operations and is of the view that […]
Read MoreHONG KONG (REUTERS) – Central banks in Singapore, Australia, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC) to assess if this allows transactions to be settled more cheaply and easily, the banks said on Thursday (Sept 2). Many governments and central banks around the world are […]
Read MoreSINGAPORE – Private-sector analysts have raised their forecast for Singapore’s economic growth in 2021 for the third time this year, according to the latest quarterly survey released by the Monetary Authority of Singapore (MAS) on Wednesday (Sept 1). They expect Singapore’s gross domestic product (GDP) to expand 6.6 per cent this year, slightly higher than […]
Read MoreTHE prospect of international border reopenings is cause for cheer for private-sector economists, who again bumped up their estimates for this year’s growth recovery. Still, concerns about the Covid-19 situation weighed more heavily on analysts in the latest quarterly poll conducted by the Monetary Authority of Singapore (MAS), amid other worries such as the manufacturing […]
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