Singapore AUM up 10% to S$5.4 trillion in 2023; new debt issues rise 21%
SINGAPORE’s financial sector had a good showing in 2023 with a 10 per cent growth in asset under management to S$5.41 trillion as at Dec 31, 2023, while the corporate debt market also grew strongly, with new issuances rising 21 per cent to S$230 billion in 2023.
Singapore continues to see strong growth in wealth inflows; MAS working to reduce wait time
SINGAPORE continues to see strong growth momentum for wealth inflows, even as financial institutions stepped up onboarding processes in the wake of the S$3 billion money laundering case uncovered last year, said Chia Der Jiun, managing director of the Monetary Authority of Singapore.
MAS commits S$100 million to support quantum, AI capabilities in financial sector
The Monetary Authority of Singapore will commit an additional S$100 million to help financial institutions build capabilities in quantum and artificial intelligence technologies. This will include supporting manpower costs and technology solutions in these areas.
More Singapore businesses aware of and benefited from free trade agreements in 2023: SBF
MORE Singapore businesses are aware of free trade agreements and have benefited from them in 2023, compared to two years ago, according to the Singapore Business Federation’s Free Trade Agreement Survey 2023.
Cut-off yield on latest Singapore 6-month T-bill falls to 3.64%
THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) fell to 3.64 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jul 18).
Condo leasing volumes up 16.8% in June; demand for HDB rentals muted: SRX, 99.co
LEASING volumes for condominiums recovered in June, rising 16.8 per cent month on month after declining in May. Rents, however, were flat amid a mixed performance across all regions, based on flash estimates released by SRX and 99.co on Thursday.
Singtel rebounds but DBS continues slide; STI down 0.5%
THE Straits Times Index (STI) ended Thursday (Jul 18) at 3,471.16, down 18.41 points or 0.5 per cent.
