MAS has just released their monetary policy statement for the second half of this year. Their forecast for the future: The easing of global financial conditions and inventory restocking had benefited the domestic financial market and manufacturing activity, leading to a strong rebound in the 2nd quarter and further improvement in 3rd quarter. Singapore’s GDP […]
Half a year ago, MAS invited for public consultation on proposed enhancements to the regulatory framework for unlisted investment products. Yesterday, they announced the completion of the first part of review which covers on: Effective product disclosure Strengthening of fair dealing New classification of complex investment product Introducing of a cooling off period The full […]
Last week, Mr Low Kwok Mun, Executive Director of Insurance Supervision of MAS spoke at the Life Protection Seminar organised by Life Insurance Association (LIA) and the Singapore Actuarial Society (SAS). Among the points he bought up were: The necessity of life insurance and the fact that most Singaporeans were under-insured. This is due to a […]
Last week, MAS announced that they will be doing a review of the current deposit insurance scheme. Back when the deposit insurance scheme was started in April 2006, it targeted to fully insure the deposits of 80-90% of individual depositors. A limit of $20,000 per individual depositor per institution was set, allowing 87% of individual […]
Today, I just thought of posting a list of the companies that are on the Monetary Authority of Singapore (MAS) alert list. Notice most of these companies have names that make use of established brands. A few of their names are very, very similar and could be hard to spot at first glance. Some of […]