Singapore’s GDP to decline by 6% in 2020, survey reveals
In an earlier survey, GDP was expected to contract by 5.8%...
Tag : MAS
Singapore’s GDP plunged 12.6% in the second quarter
It is 8 percentage points higher than the 11.8% contraction expected by MAS...
Singapore’s GDP may contract by 34.6% in the second quarter
This could possibly mark the start of a recession...
AMTD to acquire a controlling stake in Singapore’s Fomo Pay
AMTD will complete the acquisition through a share swap and cash deal...
MAS shortlists 14 applicants for digital banking licences
Out of the 14, five are digital full bank applicants and nine digital wholesale bank applicants...
Singapore’s MAS predicts more optimistic economic growth
Private sector economists expect Singapore’s economy to grow just 0.7% this year against MAS prediction of 1.5%...
Crypto speculation hinders market transformation
Sopnendu Mohanty worries that speculation could ‘destroy the experimental value of cryptocurrency’...
Singapore’s economy to stay sluggish in 2017
Growth in 2017 expected to be only slightly higher than this year, just above 2% IFM Correspondent October 31, 2016: Singapore’s central bank, the Monetary Authority of Singapore (MAS), said that the country’s small, trade-dependent economy is going through a cyclical downturn that has lasted longer than expected and is not expected to pick up...
Swiss bank loses Singapore banking licence
But Falcon Private Bank welcomes end of 1MDB investigation that caused a political scandal in Malaysia October 11, 2016: Falcon Private Bank, a Swiss private banking boutique with 50 years of expertise in wealth management, has lost its banking licence in Singapore as a fall-out of the 1MDB case. The Swiss Financial Market Supervisory Authority...