MAS surprises by tightening monetary policy to curb inflation outside cycle- in an unexpected move 25th January Tuesday, the Monetary Authority of Singapore was prompted by the rise in inflation level to tighten its monetary policy. Nominal Effective Exchange Rate (S$NEER) policy band was raised slightly, which translates into a steeper slope or rate of appreciation […]
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VC firm Vertex Holdings files for $150m SPAC – Singapore is getting its first blank check listings, as SPACs (Special Purpose Acquisition Companies) backed by Temasek Holdings. and Tikehau Capital SCA kicked off their sales. Temasek backed Vertex Holding’s Vertex Technology Acquisition Corp (VTAC) – lodged the preliminary prospectus for an initial public offering (IPO) with the Monetary Authority […]
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MAS urges prudence in bank finances as housing loans drive increase in household debt – Household debt made up 70 per cent of Singapore’s gross domestic product (GDP) in the third quarter of this year. Household debt in Singapore has grown over the past year, driven mainly by housing loans, said the Monetary Authority of […]
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