https://www.scmp.com/rss/522253/feed The latest news and top stories on The Monetary Authority of Singapore, a prominent Singapore-based governmental body, is the nation’s central bank and integrated financial regulator. Headquartered at 10 Shenton Way, MAS Building, its primary mission is to promote sustained non-inflationary economic growth and foster a sound, progressive financial centre. Established in 1971, MAS focuses on conducting monetary policy, issuing currency, supervising financial institutions, and managing official... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Kevin Li Kevin Li Hong Kong and Singapore have crossed swords over their ambitions to be the world’s gold trading hub, but experts say the city holds an advantage over its Southeast Asian rival, citing its access to mainland China’s robust market. As Hong Kong pushes ahead with measures to create an ecosystem for gold trading – highlighted as recently in the government’s budget late last month – Singapore has reportedly been courting global heavyweights. In response to the South China Morning Post’s queries a... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345867/hong-kong-singapore-square-race-become-worlds-gold-trading-hub?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345867/hong-kong-singapore-square-race-become-worlds-gold-trading-hub?utm_source=rss_feed Sun, 08 Mar 2026 11:00:12 +0000 CNA CNA Two Malaysian men have been arrested in Singapore for their suspected involvement in separate government official impersonation scams targeting a woman. Police said on Sunday that they received a scam report two days earlier involving the impersonation of government officials claiming to be from the Ministry of Law and the Monetary Authority of Singapore. The victim had received a call from an unknown person claiming to work for a bank. When informed that a credit card had been applied for under... https://www.scmp.com/news/asia/southeast-asia/article/3332133/singapore-police-arrest-2-malaysians-after-woman-gives-fortune-gold-fake-officials?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3332133/singapore-police-arrest-2-malaysians-after-woman-gives-fortune-gold-fake-officials?utm_source=rss_feed Mon, 10 Nov 2025 01:58:42 +0000 Reuters Reuters Singapore police have seized more than S$150 million (US$115.90 million) in assets tied to the Prince Group, a multinational network accused of running vast scam centre operations, the Straits Times newspaper reported on Friday. The assets include six properties as well as bank accounts, securities accounts and cash tied to the network and Cambodian businessman Chen Zhi in relation to money laundering and forgery offences, the police said on Friday. This seizure came after Britain and the United... https://www.scmp.com/news/asia/southeast-asia/article/3331027/singapore-seizes-us115-million-assets-linked-cambodian-tycoon-chen-zhi?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3331027/singapore-seizes-us115-million-assets-linked-cambodian-tycoon-chen-zhi?utm_source=rss_feed Fri, 31 Oct 2025 06:04:10 +0000 Julie Zhang Julie Zhang Hong Kong has pulled ahead of Singapore in attracting technology-driven companies that use cryptocurrency for treasury management and other applications, reinforcing its position as Asia’s leading digital-asset hub, at least for now, according to a crypto industry veteran who advises both governments. “Over the past two years, especially in the first half of this year, many professionals and companies in the Web3 ecosystem have relocated their headquarters to Hong Kong from Singapore,” said Gu... https://www.scmp.com/business/banking-finance/article/3330994/hong-kong-pulls-ahead-singapore-race-attract-crypto-treasuries-blockchain-expert?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3330994/hong-kong-pulls-ahead-singapore-race-attract-crypto-treasuries-blockchain-expert?utm_source=rss_feed Fri, 31 Oct 2025 03:02:06 +0000 Reuters Reuters Singapore is launching a broad review to secure the city state’s future as a trade and financial hub, announcing committees on Monday to look into areas such as competitiveness, artificial intelligence and how restructuring would affect people. The economic strategy review will have five committees, each chaired by two government ministers and including members from the business, academic and social sectors, and they are due to publish their recommendations by mid-2026. “We must reinforce... https://www.scmp.com/news/asia/southeast-asia/article/3320708/us-tariffs-prompt-singapore-launch-review-economic-strategy-competitiveness-ai?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3320708/us-tariffs-prompt-singapore-launch-review-economic-strategy-competitiveness-ai?utm_source=rss_feed Mon, 04 Aug 2025 11:19:07 +0000 Reuters Reuters Singapore is shortening the time it takes for wealthy clients to open private bank accounts and get tax incentives for their family offices, a minister said on Wednesday. The moves are designed to keep Singapore attractive as a hub for the finances of the wealthy even as it tightens regulations following a S$3 billion (US$2.34 billion) money laundering scandal in 2023. National Development Minister Chee Hong Tat, who is also the deputy chairman of the country’s central bank, said it used to take... https://www.scmp.com/news/asia/southeast-asia/article/3317529/singapore-fast-tracks-bank-account-opening-ultra-rich?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3317529/singapore-fast-tracks-bank-account-opening-ultra-rich?utm_source=rss_feed Wed, 09 Jul 2025 07:51:07 +0000 Jean Iau Jean Iau The Monetary Authority of Singapore (MAS) has issued nine banks, capital markets services licence holders and trust companies composition penalties totalling S$27.45 million (US$21.55 million) over breaches tied to a S$3 billion (US$2.36 billion) money-laundering case that shook the city state. MAS said on Friday the latest regulatory moves marked the end of enforcement action against financial institutions with connections to the case. All nine financial institutions have accepted the penalties... https://www.scmp.com/week-asia/economics/article/3316965/singapore-fines-9-firms-us22-million-over-mega-money-laundering-case?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3316965/singapore-fines-9-firms-us22-million-over-mega-money-laundering-case?utm_source=rss_feed Fri, 04 Jul 2025 09:31:07 +0000