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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.
February 23, 2023
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.
February 23, 2023
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.
February 21, 2023
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.
February 03, 2023
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.
January 27, 2023
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%.
January 25, 2023
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.
January 04, 2023
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.
December 23, 2022
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.
December 23, 2022