Monetary Authority of Singapore
Labour force upskilling needed as SG nears 'super-aged' status
Labour force upskilling needed as SG nears 'super-aged' status
The future growth must be productivity-led, said DPM Gan Kim Yong.
Financial sector employment up 4,800 in 2023: DPM Gan
The financial sector made up 14% of Singapore’s GDP in 2023.
PDPC to monitor Worldcoin amidst privacy concerns
It will also work with international counterparts as necessary.
MAS warns of misuse in Worldcoin token, account trading
This incident could potentially violate the Payment Services Act 2019.
Female labour force rate at 62.6% in 2023: MAS
This was higher than the OECD average of 56.7%.
MAS reprimands Acesynergy Brokers’ CEO for regulatory breaches
The central bank found weaknesses in its management oversight, amongst others.
Enough steps taken to ensure support with digital banking: MAS
Deploying ambassadors and phone banking were some of solutions rolled out.
MAS banks on financial institutions to enforce robust IT security
All FIs in Singapore must comply with the Personal Data Protection Act (PDPA).
MAS partners with banks, tech on quantum security enhancement
The central bank also launched a grant scheme to fund quantum projects.
MAS confirms no competitive concerns with Allianz deal
Income's market share in life and general insurance is less than 10%.
HashKey OTC gets Singapore license to offer DPT services
It previously operated under an exemption.
MAS reprimands RVP One for SFR breaches
RVP failed to submit financial returns for 3 years, according to MAS.
Singapore proposes interest coverage ratio of 1.5 to all REITs
Currently, the ICR of 2.5 times applies only to select REITs.
MAS revokes insurance broker license of Acesynergy Brokers
ABPL failed to comply with regulatory requirements.
Core inflation at 2.9% in June as prices retail, travel prices ease
Private transportation prices declined by 0.7% during the month.
MAS “closely monitoring” global IT outage
Major banks reported little to no impact to customers and key operations.
IRAS, MAS revise tax treatment of insurance reserves
Previously, reserves were non-deductible as estimates of contingent liabilities.
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