• Thu
  • Dec 18, 2014
  • Updated: 6:41pm

Monetary Authority of Singapore

Singapore censures banks for rate rigging

HSBC and Standard Chartered were among 20 banks at which 133 traders tried to manipulate the Sibor in the city state, MAS said in a statement yesterday.

The Monetary Authority of Singapore censured banks for trying to rig benchmark interest rates and ordered them to set aside about S$12 billion (HK$74.4 billion) at zero interest pending measures to improve internal controls.

Saturday, 15 June, 2013, 3:59am

Singapore keeps currency steady on inflation fears

The dollar has risen about 6 per cent this year. Photo: Bloomberg

Singapore's central bank unexpectedly refrained from easing monetary policy even as the economy contracted in the past quarter, saying inflation will remain high for some time. The Singapore dollar rose.

13 Oct 2012 - 5:37am

Singapore eyes regional prize with currency liberalisation

Moves to free-up the Singapore dollar's usage mark another step in the republic's drive to ensure its place in the new millennium as a leading regional financial hub.

14 Aug 1998 - 12:00am

Singapore firm on dollar policy

Singapore's basic policy of not encouraging the internationalisation of its dollar remains unchanged despite a current review of the policy, according to Deputy Prime Minister Lee Hsien Loong. 'MAS [Monetary Authority of Singapore] is currently reviewing its policy on the internationalisation of the Singapore dollar.

21 Apr 1998 - 12:00am

MAS forecast still bullish

Despite the sharp drop in economic growth in the first quarter, the Monetary Authority of Singapore (MAS) says it is maintaining its forecast of 5 per cent to 7 per cent growth for this year.

In its latest annual report the MAS said growth would be led by a recovery in manufacturing exports, continuing strength in the construction industry and a buoyant financial sector.

2 Jul 1997 - 12:00am

Loans jump

Singapore's March bank loans rose 14.4 per cent from a year ago, slower than February's gain of 15 per cent, the Monetary Authority of Singapore said.

Bank loans advanced to S$129.4 billion (about HK$696.88 billion) in March, from $113.2 billion a year ago.

15 May 1997 - 12:00am