ECONOMY | Staff Reporter, Singapore

Daily Briefing: What the MAS and the MoF; Why the Singapore Savings Bonds are dying

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Everyone must have heard of the Monetary Authority of Singapore (MAS) and the Ministry of Finance (MOF) in Singapore. They are two key entities in the local financial scene and greatly impact everyone living in Singapore. But do people really understand what these two entities do and how they differ? Read more here.

The first tranche of the Singapore Savings Bonds (SSB) was launched last October, with moderate interests from Singaporeans who were looking for a more cost efficient way of saving their money. Since then, the demand has fallen sharply, culminating a mere $25.8 million out of a total $300 million being subscribed in the latest exercise in March. Find out more here.

The demand for protein powder and health supplements in Singapore continues to rise as the population here becomes more fitness-conscious. Take a walk around the CBD and you'll see dozens of active people running around the scenic Marina Bay area or walking briskly to the gym for their after-work workout. Most of the time these health supplements do not come cheap, especially if they are not readily available in Singapore and have to be imported. Read more here.

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