[ad_1] Service providers should also discourage retail customers from cryptocurrency speculation by not offering any incentives to trade in cryptocurrencies, said MAS. A retail customer refers to a customer who…
Tag: Monetary Authority of Singapore
Singapore looking at using AI in fight against money laundering, says central bank chief
[ad_1] RULES OUT JOINING POLITICS Mr Menon, 59, is MAS’ longest-serving managing director. He started his career at the central bank in 1987, taking on roles in monetary policy, econometric…
The Big Read: With no foolproof way to prevent banking and e-payment outages, what can businesses and consumers do?
[ad_1] At Woofie, an unmanned thrift store, sales on Oct 14 were lower by an estimated 10 per cent as compared to their usual sales for a Saturday, said co-founder…
Inflation in Singapore has eased but MAS ‘not declaring victory yet’: Central bank chief
[ad_1] SINGAPORE: The Monetary Authority of Singapore (MAS) is “not declaring victory” in its fight against inflation just yet, even as price pressures in Singapore have come off multi-year highs.…
DBS, Citi outages caused by cooling system ‘technical issue’ at data centre
[ad_1] SINGAPORE: The hours-long outage for banking and payment services in Singapore over the weekend was due to a technical issue with the cooling system – which uses chilled water…
Singapore Banks Tighten Scrutiny
[ad_1] The biggest money-laundering scandal in Singapore’s history has forced banks to tighten scrutiny of their customers. Today, the waiting period of opening a private banking account in Singapore has…
Singapore Aug core inflation rises 3.4%, seen easing
[ad_1] SINGAPORE: Singapore’s key consumer price gauge rose 3.4% in August, almost matching economists’ forecasts, and easing compared with July’s figures due to lower inflation for services, food, retail and…
Consultation paper on equitable sharing of scam losses to be published in October 2023
[ad_1] DETERMINING RESPONSIBILITY A “DIFFICULT ISSUE” In his reply, Mr Tan said determining responsibility for scam losses was a “difficult issue”. “We must … strike a balance between fairness, accountability…
Singapore appoints Chia Der Jiun as central bank head from Jan 1, 2024
[ad_1] Singapore appoints Chia Der Jiun as central bank head from Jan 1 … The Star Online [ad_2] Source link
Singapore downgrades GDP outlook, avoids recession
[ad_1] SINGAPORE: Singapore slightly cut its economic outlook for 2023 on Friday after it narrowly averted a recession in the second quarter, with weak global demand a key drag on…