Singapore
GSIC cuts investments in tech companies
SINGAPORE - The Government of Singapore Investment Corp has reduced its interests in Malaysia's technology sector in the face of sluggish US demand for the country's electronics products.
J.P. Morgan to include Singapore in GBI Board
SINGAPORE - Singapore will become the 22nd country in J.P. Morgan's Government Bond Index Board (GBI Board) starting on April 2 with a 0.3 percent market capitalisation weighting.
MAS consults on securities supervision
The Monetary Authority of Singapore late Wednesday (March 21) released "public consultation papers" on two new proposed laws on securities and futures trading and financial advisory activities on theisland.
S'pore sets new rules for bank private investments
SPEECH - Singapore's central bank said on Mar 21, 2001 it was proposing new rules for bank investments in private equity and venture capital that will allow flexibility while maintaining prudent standards. Ravi Menon, executive director of the Monetary…
MAS liberalises SGD swap rules for offshore banks
Following its recent decision to liberalise trading in Singapore dollar swaps, the Monetary Authority of Singapore said Mar 13, 2001 that effective March 1 it has allowed offshore banks to enter into currency swaps of any amount with non-banks.
BIS sets up Asia-Pacific consultative council
The Bank for International Settlements (BIS) said on Mar 12, 2001 it had set up an Asian Consultative Council comprising governors of its central bank members in the region.
BI vows to prevent rupiah breaking 10000 level
Bank Indonesia will take action to protect the rupiah from breaking through the Rp 10,000 level against the U.S. dollar, the central bank's governor Sjahril Sabirin said on Mar 6.
Singapore's Exchange Rate Policy - paper
This paper examines Singapore's experience with the exchange-rate based monetary policy system since its adoption in the early 1980s. It discusses the movements in the Singapore dollar exchange rate over the past two decades, and considers how the system…
Bank Indonesia meets Singapore MAS, banks
Bank Indonesia Deputy Governor Miranda Gultom met top bankers in Singapore on Feb 27, 2001 to discuss Jakarta's recent curbs on offshore trading of the rupiah.
E-banking conference to be held in Philippines
Philippine government officials, bankers, businessmen, academics, and other observers of the Philippine economy will tackle the challenges and opportunities of electronic banking at a conference being held by the Philippines central bank.
Singapore MAS to brief on mon policy twice a year
The Monetary Authority of Singapore said on Feb 26, 2001 it will hold a media briefing twice a year on its monetary policy in an effort to raise transparency.
MAS chair quizzed on currency, emoney, regulation
Lee Hsein Loong, Singapore's Deputy Prime Minister and Chairman of the Board of the Monetary Authgirty of Singapore, answers parliamentary questions about whether there will be a devaluation of the Singapore dollar, about introducting electronic payment…
S'pore GDP up 9.9% in 2000, no shift in MAS bias
Singapore's economy grew a robust 9.9 percent in 2000, slightly below an official forecast of 10.1 percent, with the outlook broadly positive for 2001 despite slowing growth, the government said on Feb 22, 2001.
MAS Quarterly Report on Financial Markets- Feb 01
The Monetay Authority of Singapore has just published on Feb 21, 2001 its Quarterly Report on Financial Markets.
Singapore appoints new managing director for MAS
The Monetary Authority of Singapore (MAS) said on Feb 20, 2001 it had promoted deputy managing director Tharman Shanmugaratnam to managing director for a two-year term starting on April 1, 2001.
MAS wants more market oriented disclosure regime
The Monetary Authority of Singapore (MAS) announced on Feb 16, 2001 that it will allow fund managers to hold shares in the Singapore Exchange (SGX) beyond the current 5% limit, but up to a cap of 10% and subject to the approval of MAS. MAS also proposed…
MAS to further open Sing $ swap market from Mar 1
The Monetary Authority of Singapore said on Feb 15, 2001 it will further open the Sing dollar swap market to offshore banks keen to engage in transactions with non-banks to boost liquidity in the wider bond market. Koh Yong Guan, managing director of the…
Singapore banks eye new cap rules
Singapore banks, among the healthiest in Asia, should fare well against their regional competitors under a plan to strengthen international capital adequacy guidelines, the Monetary Authority of Singapore says. The proposal, unveiled recently by a Bank…
MAS issues insider trading law for consultation
Singapore revealed changes to insider trading laws that will penalize anyone who trades on the insider information regardless of whether the accused has any links to the company. The Monetary Authority of Singapore, the markets regulator and central bank…
Asean members sign new swap agreement
The 10 Asean members signed a new Asean Swap Arrangement (ASA) in November, providing a total of US$1 billion of financial support, said Bank Negara Malaysia in a statement on Dec 29, 2000.
Govt has no control over currency trading says MAS
The Monetary Authority of Singapore said the government does not exercise any control over currency trading in Singapore. Currency values are determined by market forces and the banks which trade them are merely "intermediaries" which allow them to find…
MAS can ease rupiah woes, says Gus Dur
Indonesian President Abdurrahman Wahid said that he disagreed with Singapore's senior minister Lee Kuan Yew over the role the Monetary Authority of Singapore could play in stopping commercial banks from speculating on the rupiah.
S'pore names health min Lim as MAS deputy chairman
The Monetary Authority of Singapore, the city state's central bank, said on Tuesday that Health Minister Lim Hng Kiang has been appointed deputy chairman with effect from January.
Singapore announces changes in currency policy
The Monetary Authority of Singapore, the central bank, has allowed banks in the country to lend Singapore dollars to non-residents in the city state in an effort to further liberalise its policy on non-internationalisation of the Singapore dollar and…