Monetary Authority of Singapore

The authority wants an increase of more than 80% in polytechnic graduates in the sector.

Chia Der Jiun is tipped to be the next managing director of Singapore’s central bank.

Minister Shanmugaratnam assured that the central bank conducts annual stress tests.

For the next phase, Indonesia, Thailand, and the Philippines will link their payment systems with Singapore and Malaysia.

Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.

Credit Suisse recently announced that it is borrowing up to CHF50b.

MAS said that its local banks have “insignificant exposures” to the failed banks.

From 2026 until 2050, $9.2t a year in capital spending is needed to achieve net zero goals.

FTX is not licensed by MAS, operates offshore, and did not actively solicit Singaporeans, the central bank said.

It will study business models and create policy guidelines.

Collaboration is key to achieving finance goals, says MAS’ Ravi Menon.

The eGuarantee@Gov is available from over 20 financial institutions locally.

For HDBs, that’s just 1 in 5 loans extended by financial institutions.

The industry group sustainability taskforce has also developed a training benchmark.

Tan will lead the sustainability group for tighter coordination of MAS’ sustainability initiatives

The MOU was signed in the presence of India’s prime minister Narendra Modi.