MAS

This is to ensure price stability over the medium term. 

The report expects MAS to keep its current policy. 

Direct exposures to China’s property sector are less than 1% of non-bank loans. 

The proposed amendment will strengthen MAS’ power in multiple acts.

It is one of the first virtual asset service providers to obtain full licensure approval.

The monetary authority also granted one to an Australian firm.

The policy is expected to normalize in April 2022. 

This would increase the opportunities for cross-border investments.

They will present their innovations at the Demo Day during the Singapore FinTech Festival in November.

Inflation for all items meanwhile remained unchanged at 2.4% YoY.

The deadline for submissions is on 31 August.

Up to three winners will receive S$50,000 each.

The extension is from 1 October 2021 to 31 March 2022.

This includes the power for MAS to enter premises without prior notice or a court warrant.

The temporary measure will continue to be in place until revoked or amended.