Monetary Authority of Singapore (MAS)

Disruption and Digitalisation

The 'gift' of real-time payment link set up between Singapore and India

Residents of Singapore and India can now make monetary transfers using just their mobile phone number, UPI identity or VPA.
Singapore's headline inflation at 6.6% y-o-y while MAS core inflation at 5.5% in January - THE EDGE SINGAPORE

Singapore economy

Singapore's headline inflation at 6.6% y-o-y while MAS core inflation at 5.5% in January

For 2023, MAS and MTI have projected Singapore’s headline and core inflation to average 5.5%–6.5% and 3.5%–4.5% respectively.
MAS and Reserve Bank of India launch real-time payment linkage between PayNow and India's UPI - THE EDGE SINGAPORE

Disruption and Digitalisation

MAS and Reserve Bank of India launch real-time payment linkage between PayNow and India's UPI

From today, residents of Singapore and India can make monetary transfers using their mobile phone number, UPI identity or VPA.

Zest

MAS and Brunei Darussalam Central Bank sign MOU to deepen cooperation in financial supervision

The MOU will facilitate the effective supervision of banks and insurers operating across the two jurisdictions.

Bonds and treasuries

Singapore's 12-month treasury bills draw record demand on signs yields are peaking

Singapore's sale of $3.6 billion of securities due January 2024 drew total bids of an all-time high of $10.5 billion.
Singapore’s headline inflation eases to 6.5% while MAS core inflation remains unchanged at 5.1% in December - THE EDGE SINGAPORE

Singapore economy

Singapore’s headline inflation eases to 6.5% while MAS core inflation remains unchanged at 5.1% in December

In 2022, core inflation averaged at 4.1%, compared to 2021’s 0.9%.
UOB Kay Hian says it has taken 'remedial measures' in response to MAS's composition penalty and SGX RegCo's move - THE EDGE SINGAPORE

Regulatory Action

UOB Kay Hian says it has taken 'remedial measures' in response to MAS's composition penalty and SGX RegCo's move

The impact of these requirements is not expected to be material to the group’s financial results for FY2023.

New appointments

UOB appoints former deputy managing director of MAS's financial supervision department as independent director

Ong Chong Tee will also join the bank’s executive committee and board risk management committee.

Singapore economy

Headline and MAS core inflation nearly unchanged m-o-m at 6.7% and 5.1% in November

In 2023, headline and core inflation are projected to range between 5.5%–6.5% and 3.5%–4.5%, with the GST increase factored in.
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