Welcome!
Monetary Authority of Singapore (MAS)
Zest
MAS to dangle sweetener for family offices; banks urged to give better returns on deposits
“We need to make it easy for customers to shift their money into high-yielding assets... A year ago I was a little concerned.”
June 28, 2023
Sustainability
MAS launches public consultations on coal phase-out, voluntary code of conduct for ESG rating agencies
MAS will incorporate feedback in the Singapore-Asia taxonomy that will be launched later this year.
June 28, 2023
Zest
MAS proposes to increase deposit insurance coverage to $100,000
The central bank’s proposals are not in response to the stresses faced by some banks abroad earlier in the year.
June 27, 2023
Deals, joint ventures & alliances
MAS and SGX partner CDSC to strengthen global access to climate transition-related data
Work on the collaboration will commence in the first quarter of 2024.
June 27, 2023
Singapore economy
Inflation to ease further into 2023 after momentum slows in May but MAS easing still not expected in Oct: Analysts
Singapore’s core inflation slowed to 4.7% in May, an increase of just 0.1% m-o-m, down from 5.0% in April.
June 27, 2023
Digital Economy
MAS launches digital asset ecosystem report; expands Project Guardian with 11 partners
The Project Guardian Industry Group consists of 11 financial institutions which will lead industry pilots in three main areas.
June 26, 2023
Zest
MAS to recognise single-family offices' contributions to charity, blended finance, climate solutions: Tharman
“We need higher levels of investment over a long period of time to solve the world’s largest challenges.”
June 23, 2023
Global Economy
Briefs: MAS penalises Citi, DBS and OCBC for breaches of anti-money laundering requirements; Grab cuts 1,000 jobs
Quoteworthy: "That’s what the great embarrassment for dictators — when they didn’t know what happened." - US's Joe Biden.
June 23, 2023
Sustainability
UNDP, GLEIF and MAS to help MSME develop digital ESG credentials
UN, MAS to help MSMEs develop digital ESG credentials
June 22, 2023
Zest
MAS penalises Citibank, DBS and OCBC for breaches of anti-money laundering requirements
Breaches were identified during MAS’ investigation of the alleged involvement of Singapore-based entities in the Wirecard scandal.
June 21, 2023