Market interest rates have risen significantly. They are likely to increase further in future, which will affect borrowing costs for home purchases. To ensure prudent borrowing and avoid future difficulties in servicing home loans, the Government will tighten the maximum loan quantum limits for housing loans.

This August 2022 report contains an update of the latest consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry.

Mr Ravi Menon, Managing Director of MAS, spoke on key uncertainties around the global economy and pivots for private market investment strategies in the uncertain environment.

This consultation paper seeks views on IMDA’s and MAS’ proposals to: (i) introduce a set of guidelines to set out MAS’ expectations on all Relevant Merchant Acquirers through their participation in the Singapore Quick Response Code Scheme (“SGQR”); (ii) introduce a fee structure model for SGQR Members; and (iii) conduct regular batched onboarding exercises for merchant acquirers who wish to join SGQR.

Consultation number:

P005-2022

Start date:

27 September 2022

Closing date:

28 October 2022

Status:

Open

This information paper follows from a series of anti-money laundering and countering the financing of terrorism (AML/CFT) thematic inspections and engagements conducted by MAS of selected external asset managers. It sets out MAS’ supervisory expectations for effective AML/CFT frameworks and controls and includes good practices and illustrative examples observed.

This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects.