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Euromoney has rated UOB as the world’s top bank for SMEs.

Ace Global
December 30, 2021

UOB has a reputation for being one of the top banks in the world when it comes to financing small and medium-sized businesses (SMEs).

MAS plans to launch a platform mandating information exchange across banks in 2023

Ace Global
December 30, 2021

The Republic’s central bank is creating a digital platform that will compel financial institutions to securely exchange information on questionable clients or transactions in order to cleanse fraudsters who are transferring filthy money via Singapore’s financial institutions.

New disclosure standards for Singapore retail ESG funds are set to be implemented in early 2022.

Ace Global
December 30, 2021

Early next year, the Monetary Authority of Singapore (MAS) will lay out its regulatory expectations on the disclosure criteria that retail funds in Singapore with an ESG (environmental, social, and governance) investing goal must achieve, according to its managing director Ravi Menon.

Global tax reforms will not harm Singapore’s competitiveness

Ace Global
December 30, 2021

Singapore is confident that global tax reforms will not hurt its competitiveness given the “strong value propositions” it has built up over the years, said Beh Swan Gin, chairman of the Singapore Economic Development Board (EDB).

Singapore’s fintech industry witnesses a 3-year record of 72 deals worth US$614.2 million in the first half of 2021

Ace Global
December 30, 2021

The fintech industry in Singapore saw a three-year high in transactions in the first half of this year as companies accelerated their digital transformation.

Singapore’s manufacturing sector grew for the eighth consecutive month, with a 27.5% increase in June.

Ace Global
December 30, 2021

Singapore’s manufacturing sector grew for the eighth consecutive month last month, which was driven by a low base among the Covid-19 restriction measures last year.

Singapore aims to create at least 20,000 digital jobs.

Ace Global
December 30, 2021

According to the Communications and Information Minister Josephine Teo, the Infocomm media (ICM) sector is likely to take up a larger portion of the Singapore economy in the future.

Singapore and the UK begin negotiations on a digital economy agreement

Ace Global
December 30, 2021

Businesses and consumers can look forward to the signing of the UK-Singapore Digital Economy Agreement, which sets out rules for reliable cross-border data flows and high data protection standards.

Climate-related investments will get $1.8 billion from official foreign reserves.

Ace Global
December 30, 2021

According to MAS managing director Ravi Menon, the Monetary Authority of Singapore (MAS) will provide US$1.8 billion of its official foreign reserves (OFR) to five asset managers for climate-related investments.