Topic of Interest: #MAS (278 Articles Found)

February 26, 2021

Singapore to move ahead with Sora transition by year-end

February 3, 2021

Companies under CoAssets group under joint CAD and MAS investigation

February 1, 2021

Home loans lift Singapore bank lending to end higher in December: MAS

January 29, 2021

Sea change in commitment to sustainability among funds

January 11, 2021

Investors left in the lurch as investment platform CoAssets runs into trouble

January 1, 2021

Household debt-to-income ratio expected to rise as wages are depressed on weak job market: MAS

Households urged by MAS to stay prudent when taking up debt or buying property

Scare tactics to lure property investors come under fire

Buy properties with little cash? It’s too good to be true

Bank lending in Sept down for seventh straight session: MAS data

October 30, 2020

Singapore opens sustainable finance research and talent development hub

Eco-Business

October 14, 2020

Parliament: 9 in 10 applications to defer property loan repayments approved

Banks allowed to pledge HDB property loans to MAS to boost access to credit amid COVID-19 economic fallout

Individuals affected by Covid-19 may apply to reduce monthly property loan payments for up to 9 months

October 5, 2020

MAS outlines plans for smooth transition to SORA in 2021

September 9, 2020

Sabana-ESR merger: MAS says safeguards in place, manager notes ‘fair’ scheme

August 28, 2020

Quarz Capital and other Sabana REIT unitholders pen letter to MAS, SGX RegCo on ‘severe conflict of interest issues’ related to merger with ESR-REIT

August 18, 2020

New digital finance research facility to be ready by year end

MAS rolls out key schemes to bolster SORA adoption

Close to 10% of Singapore mortgages, or over S$15b, under debt moratorium

July 29, 2020

No need to ease existing cooling measures on ‘stable’ property market: MAS chief

July 16, 2020

Financial institutions may reopen branches, resume in-person meetings: MAS

June 16, 2020

Appointments now needed for those remitting money at Lucky Plaza, City Plaza and Peninsula Plaza

June 13, 2020

Landlords that provide more relief to tenants will get more help with cash flow, loan commitments

Singapore investigates Hyflux over suspected false statements

Nikkei Asian Review

Banks approve 90% of applications to defer mortgage payments

The New Paper

May 27, 2020

Singapore minister warns home buyers about rising rates

Singapore’s government is warning home buyers to think carefully about purchasing properties as interest rates increase in tandem with those in US, potentially boosting debt servicing costs. “The risk of rising interest rates is a reminder that everyone…

Bloomberg

April 6, 2021

Singapore bank lending up 0.5% in February: MAS data

Singapore’s bank lending rose for the fourth straight month in Feb on continued growth in housing and construction loans, data from MAS showed on Wed. Loans through the domestic banking unit – which captures lending in all currencies,…

March 31, 2021

Finance hub Singapore outlines tips for safer post-pandemic workplaces

Singapore has started to plan for how offices will look and operate in the post COVID-19 era, signalling its intent to get one of the world’s key financial hubs fully back to business with new technology and safer…

Reuters

March 24, 2021

Budget debate: E-payments on the rise but Singapore does not aim to be a cashless society, says Ong Ye Kung

The Covid-19 pandemic has accelerated the adoption of e-payments but Singapore does not aim to be a cashless society, said MAS board member Ong Ye Kung. “We are promoting e-payments because it is efficient, convenient and green. But…

February 26, 2021

Singapore to move ahead with Sora transition by year-end

Singapore will press ahead with its industry transition to Sora as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global benchmark – the scandal-tainted Libor – could be…

February 3, 2021

Companies under CoAssets group under joint CAD and MAS investigation

CAD and MAS announced on Feb 1 that they have launched a joint investigation on Jan 12 into companies under CoAssets (CoAssets Group Companies) for possible offences under CPC and SFA. Chapter 224 of the Penal Code looks…

February 1, 2021

Home loans lift Singapore bank lending to end higher in December: MAS

Singapore’s bank lending rose for the second straight month in Dec on continued growth in housing loans, data from MAS showed on Fri. Consumer loans were up 0.5 per cent m-o-m to S$259.62 billion in Dec, mainly driven…

January 29, 2021

Sea change in commitment to sustainability among funds

In the space of two to three years, a sea change in commitment to sustainability and stewardship has engulfed the asset mgmt industry – and that is a good thing. As recently as 2018, a column by this…

January 11, 2021

Investors left in the lurch as investment platform CoAssets runs into trouble

MAS will review and take necessary action if CoAssets’ licensed subsidiary – now known as CA Funding – has breached regulations. MAS said that it is aware that police reports have been lodged against CoAssets. It also clarified…

January 1, 2021

Household debt-to-income ratio expected to rise as wages are depressed on weak job market: MAS

With wages depressed due to the weak labour market, household debt in Singapore as a percentage of income is expected to rise slightly in the near term, MAS said on Tues. Household debt has been twice that of…

Households urged by MAS to stay prudent when taking up debt or buying property

Most households in Singapore remain financially resilient amid the COVID-19 pandemic, although those that are highly leveraged or employed in badly hit sectors may be more vulnerable as economic uncertainties persist, said the country’s central bank on Tues.…

Scare tactics to lure property investors come under fire

The Singapore authorities have criticised the “irresponsible” actions of some property investment educators and real estate agents who use scare tactics to attract customers to their investment courses. In particular, these people have been flagged for actively pushing…

Buy properties with little cash? It’s too good to be true

The marketing materials of a property education company claim that it can help its students buy properties with little or no cash down payment. To prove that its “secret” formula – taught only to those in paid courses…

Bank lending in Sept down for seventh straight session: MAS data

Singapore’s bank lending in Sept dipped for the seventh straight session on weaker business loans, preliminary data from MAS showed on Fri. Loans to businesses fell 0.3 per cent to S$421.28 billion in Sept, from S$422.54 billion in…

October 30, 2020

Singapore opens sustainable finance research and talent development hub

A centre for research and professional development in sustainable finance has opened in Singapore. The Singapore Green Finance Centre (SGFC) aims to build a green investing ecosystem through research and training programmes, and addresses a knowledge and capacity…

Eco-Business

October 14, 2020

Parliament: 9 in 10 applications to defer property loan repayments approved

About 90 per cent of the 38,900 applications received by banks to defer property loan repayments were approved as at end-Aug, revealed Senior Minister Tharman Shanmugaratnam in a written answer to MP Murali Pillai (Bukit Batok) in Parliament…

Banks allowed to pledge HDB property loans to MAS to boost access to credit amid COVID-19 economic fallout

FIs will be allowed to use their security interests in HDB flats as collateral for liquidity from MAS, as part of the Government’s plan to improve their access to funding from the central bank amid the COVID-19 crisis.…

Individuals affected by Covid-19 may apply to reduce monthly property loan payments for up to 9 months

From Nov 9, individuals with mortgage loans may apply to reduce their monthly instalments and pay just 60 per cent of the usual sums due for up to nine months. This is among a series of Covid-19 relief…

October 5, 2020

MAS outlines plans for smooth transition to SORA in 2021

MAS plans to step up supervisory engagement to ensure that banks are well-prepared to transition to SORA by 2021. Speaking in a round table about SGD interest rate landscape changes, MAS MD Jacqueline Loh said that they have…

September 9, 2020

Sabana-ESR merger: MAS says safeguards in place, manager notes ‘fair’ scheme

MAS on Fri clarified that its regulatory framework does not prohibit a shareholder group from owning substantial stakes in two Reit managers managing Reits invested in the same property class. This was in response to queries about the…

August 28, 2020

Quarz Capital and other Sabana REIT unitholders pen letter to MAS, SGX RegCo on ‘severe conflict of interest issues’ related to merger with ESR-REIT

Activist investor Quarz Capital, Black Crane, and over 50 unitholders of Sabana REIT have, on Aug 17, written to MAS and SGX RegCo to seek MAS’s “guidance, clarity and support” on the “potential severe conflict of interest issues”…

August 18, 2020

New digital finance research facility to be ready by year end

A new research facility will be set up by the year end to drive education, research and entrepreneurship in digital finance in the region.The Asian Institute of Digital Finance (AIDF) is being jointly developed by MAS, NRF and…

MAS rolls out key schemes to bolster SORA adoption

MAS has rolled out new initiatives to support the adoption of SORA in a bid to catalyse greater activity and boost market confidence. The regulator will issue SORA-based floating rate notes (MAS FRN) monthly, starting from 21 Aug,…

Close to 10% of Singapore mortgages, or over S$15b, under debt moratorium

The three local banks in Singapore are estimated to have granted payment deferments to more than S$15 billion worth of mortgages as at the end of June this year. All in, the total value of deferred mortgages in…

July 29, 2020

No need to ease existing cooling measures on ‘stable’ property market: MAS chief

Despite the economic slump as a result of the Covid-19 pandemic, the existing cooling measures for the property market will stay, the head of Singapore’s central bank said. Mr Ravi Menon, MD of MAS, said that this is…

July 16, 2020

Financial institutions may reopen branches, resume in-person meetings: MAS

Singapore’s FIs can progressively reopen closed branches and resume face-to-face meetings with customers when the country moves to phase 2 of reopening on 19 June, according to MAS. However, it directed FIs to ensure that all necessary safety…

June 16, 2020

Appointments now needed for those remitting money at Lucky Plaza, City Plaza and Peninsula Plaza

Foreign domestic workers (FDWs) and other customers who want to send money overseas through agencies at Lucky Plaza, City Plaza and Peninsula Plaza must now make appointments over the phone or online with remittance agencies beforehand. The rule,…

June 13, 2020

Landlords that provide more relief to tenants will get more help with cash flow, loan commitments

Landlords facing cash-flow constraints as a result of providing relief to tenants under the proposed Covid-19 amendment Bill will get more help with their existing loan commitments as well as with easing their cash-flow needs. Landlords who are…

Singapore investigates Hyflux over suspected false statements

Ailing water company Hyflux and its directors are under investigation, suspected of false and misleading statements, breaches of disclosure requirements and noncompliance with accounting standards, Singaporean authorities said on Tues. The investigation comes as a $290 million rescue…

Nikkei Asian Review