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Singapore's central bank bans ex-Goldman banker Ng for life over 1MDB

Singapore's central bank bans ex-Goldman banker Ng for life over 1MDB

Roger Ng is permanently banned from performing any regulated activity under the Securities and Futures Act, said MAS.
Tue Sep 05 2023
Malaysia, Singapore launch cross-border QR code payments connectivity

Malaysia, Singapore launch cross-border QR code payments connectivity

This payment linkage will allow customers to make retail payments by scanning DuitNow QR and NETS QR codes, BNM and MAS said.
Fri Mar 31 2023
Foreigners needed to fill Singapore tech jobs crunch, says central banker

Foreigners needed to fill Singapore tech jobs crunch, says central banker

Menon said Singaporeans make up just over one-third of the estimated 25,000 tech workforce in the local financial sector.
Tue May 04 2021
1MDB Bond: Goldman Sachs Singapore to pay US$122 mln to Singapore government

1MDB Bond: Goldman Sachs Singapore to pay US$122 mln to Singapore government

Goldman Sachs Singapore Pte (GSSP) will pay US$122 million to the Singapore government for its role in the 1Malaysia Development Bhd (1MDB) bond offerings.
Fri Oct 23 2020
1MDB: Singapore imposes life ban on BSI Bank's former rep Swampillai

1MDB: Singapore imposes life ban on BSI Bank's former rep Swampillai

The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders (POs) against Kevin Michael Swampillai, a former representative at Singapore Branch (BSIS).
Fri Oct 23 2020
Singapore shortlists 14 applicants for digital bank licences

Singapore shortlists 14 applicants for digital bank licences

It expects to award the licences by the end of the year
Thu Jun 18 2020
Malaysia and Singapore to set up stock market trading link

Malaysia and Singapore to set up stock market trading link

The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia will facilitate the establishment of a stock market trading link between Bursa Malaysia and the Singapore Exchange.
Tue Feb 06 2018
Indonesia says investigating StanChart US$1.4 billion transfer to Singapore

Indonesia says investigating StanChart US$1.4 billion transfer to Singapore

The funds, held by Standard Chartered Plc in Guernsey mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules.
Mon Oct 09 2017
Singapore to launch blockchain project for interbank payments

Singapore to launch blockchain project for interbank payments

This is the first step by Singapore's central bank to explore the use of digital currency.
Wed Nov 16 2016
Singapore ready to curb excessive volatility in Singapore dollar if needed

Singapore ready to curb excessive volatility in Singapore dollar if needed

The Monetary Authority of Singapore (MAS) stands ready to curb excessive volatility in the trade-weighted Singapore dollar if needed.
Fri Nov 11 2016
1MDB: Singapore directs Falcon Bank to stop operations in Singapore

1MDB: Singapore directs Falcon Bank to stop operations in Singapore

The Monetary Authority of Singapore (MAS) has asked Swiss wealth manager Falcon Private Bank Ltd to cease operations in the city state over lapses related to handling 1MDB fund flows.
Tue Oct 11 2016
Singapore maintains US$4 billion loan commitment to IMF

Singapore maintains US$4 billion loan commitment to IMF

Singapore made its initial loan commitment in April 2012 to ensure the IMF has adequate resources to meet potential needs.
Sat Oct 08 2016
Singapore seizes RM710 million assets in 1MDB-related investigation

Singapore seizes RM710 million assets in 1MDB-related investigation

The criminal investigations by CAD are targeted at individuals suspected of committing offences in Singapore related to these fund flows.
Thu Jul 21 2016
Singapore kicks out Swiss bank linked to 1MDB

Singapore kicks out Swiss bank linked to 1MDB

Singapore's central bank on Tuesday said it has ordered the closure of the local branch of Swiss bank BSI, which has been linked to a scandal at Malaysia's troubled state fund 1MDB.
Tue May 24 2016
Panama Papers: Singapore to investigate leaked documents

Panama Papers: Singapore to investigate leaked documents

Singapore said it will investigate if there is any individual or entity in the republic named in the leaked documents from a Panamanian law firm.
Wed Apr 06 2016
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024