MAS has not asked banks to ‘keep quiet’ about origins of wealth inflows into Singapore: Private banking group

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SINGAPORE: The Monetary Authority of Singapore (MAS) has not instructed banks to “keep quiet” about the origins of wealth inflows into Singapore, the Private Banking Industry Group (PBIG) said on Friday (Apr 14). The industry group’s statement was issued following a Financial Times article that said MAS had issued aContinue Reading

Singapore stops tightening amid faltering growth

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A Singapore dollar note in a May 31, 2017 photo. Photo: Reuters/Thomas White/Illustration/File Photo

SINGAPORE – Singapore’s central bank defied expectations that it would tighten monetary policy for a sixth time since October 2021, announcing on Friday (April 14) that it would keep its policy settings unchanged despite stubborn price pressures at a 14-year-high and amid advance estimates that first-quarter economic growth fell well short of expectations. The bellwether […]Continue Reading

Russia and US ignoring big new trouble in the Caucasus

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While the world is watching the destruction in Ukraine, in another corner of the former Soviet Union hostilities smolder. Armenia and Azerbaijan accused each other on April 11, 2023, of starting a firefight close to the contested Nagorno-Karabakh region in which seven soldiers were killed. That skirmishes in the region turned deadly is no real […]Continue Reading