Philip Chua Business Blog

Posts Tagged ‘MAS’

BARRY Eichengreen, professor of economics at the University of California, Berkeley, and visiting MAS/NUS Term Professor, talks to BT’s associate editor VIKRAM KHANNA about key issues facing the global economy. Excerpts:

On the crisis of 2008/09 compared with the Great Depression

My colleague Kevin O’Rourke and I did a comparison of the crisis with the Great Depression of the 1930s. For the f… more

(SINGAPORE) Banks and big insurers here will have to fill more than half the positions on their boards and key board committees with independent directors, instead of the minimum one-third now, under new proposals to strengthen the corporate governance of financial institutions here by the Monetary Authority of Singapore (MAS).
The definition of independence would also be tightened; a director wou… more

(SINGAPORE) The Monetary Authority of Singapore (MAS) is seeking sweeping new powers to seize insurers in distress and to supervise their liquidation to protect policyholders.
It also wants to raise the limits on the compensation offered by the policy owners’ protection fund (PPF) schemes for both life and general insurers, to better protect policy owners.
The PPF schemes were introduced in the In… more

PRIVATE sector economists expect Singapore to grow even faster next year, as more signs emerge that the economy is returning to normal.
Growth is tipped to hit 5.5 per cent next year after a 2 per cent contraction this year – based on the median expectations of 20 economists, released yesterday by the Monetary Authority of Singapore (MAS).
This is better than the 4.5 per cent growth they predicted… more

FIRST, the good news. Singapore’s economy has moved beyond the initial post-crisis bounce of growth and will continue to expand as genuine demand begins to stabilise around the world.
But Singaporeans must prepare for a ’slower and steadier’ pace of expansion next year than they are used to, said the Monetary Authority of Singapore (MAS) yesterday.

Even though Asian economies have recovered stro… more

(SINGAPORE) Amid uncertain domestic and international economic conditions, the Monetary Authority of Singapore yesterday retained its neutral policy stance and left the width of its undisclosed Sing-dollar trading bands unchanged.
The news drove the local currency to a four-day low against the greenback, after it had chalked up significant gains in the past week.
Explaining its decision, MAS said … more