Market Intelligence
Stay informed with the latest official notices and industry reports from Singapore's business landscape.
Official Notices
MAS Proposes Regulatory Changes to Facilitate Faster Approvals of New Fund Types
Singapore, 9 July 2026… The Monetary Authority of Singapore (MAS) today published a consultation paper seeking feedback on proposed amendments to the Code on Collective Investment Schemes (CIS Code). The proposed amendments seek to enable a wider range of new fund product types to be authorised for retail offer through a more streamlined process, while ensuring that appropriate safeguards are in place for retail investors.
MAS Consults on Protected Cell Company Framework to Support Growth of Alternative Risk Transfer Solutions in Insurance
MAS has issued a consultation paper proposing to establish a legislative framework for a new Protected Cell Company (PCC) corporate structure. The proposed framework aims to support the growth of alternative risk transfer solutions and deepen Singapore’s role as a risk management hub.
Written reply to Parliamentary Question on permitting some registered PayNow retail users to adopt nicknames as display names
Written reply to Parliamentary Question on permitting some registered PayNow retail users to adopt nicknames as display names
Owner of Eminent Frog Porridge Restaurant Charged with $3.8 Million Tax Evasion, Money Laundering
03 Jul 2026 Buntono, 49, who runs Eminent Frog Porridge (Ming Hui Food Porridge) (“Eminent Frog Porridge”) and Eminentseafood, was charged in Court today with Income Tax and Goods and Services Tax...
MAS Partners Industry to develop Safeguards for AI Agents in Finance
MAS, together with leading financial institutions and FinTechs, published an industry white paper on developing safeguards for AI agents in Finance. Titled “Safeguards for Agentic Finance at Runtime (SAFR)”, the paper proposes an industry-developed framework that enables AI agents in financial services to carry out financial tasks safely, securely and reliably. SAFR is developed under MAS’ BuildFin.ai initiative, which supports the responsible development and deployment of AI solutions in the financial sector.
"Strengthening Risk Resilience in a Complex Landscape" - Keynote Address by Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, Monetary Authority of Singapore, at the Asia Pacific Captive Forum 2026 on 2 July 2026
At the Asia Pacific Captive Forum 2026, Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, MAS spoke about the evolving role of captives, Singapore's strengths as a captive insurance domicile, and developing talent capabilities for the next phase of growth.
Key Enforcement Actions Taken by MAS in Q2 2026
Singapore, 1 July 2026… The table below provides an overview of the key public enforcement actions taken by the Monetary Authority of Singapore (“MAS”) from April to June 2026.
MAS and CSRC Reaffirm Commitment to Enhance Capital Markets and Supervisory Cooperation
MAS and the China Securities Regulatory Commission held their 10th annual supervisory roundtable in Singapore on 29 June 2026.
Key Member Behind Goods and Services Tax Missing Trader Fraud Syndicate Sentenced to Six Years' Imprisonment
29 Jun 2026 On 29 June 2026, Giam Zi Hin, Luke (“Giam”) was sentenced to six years' imprisonment for fraudulent trading under Section 340(5) of the Companies Act. Giam was a key member of a criminal...
Industry Reports
Singapore Company Formations: April 2026 — Easter Weekend Trims Volume to 6,493 as IT Share Climbs to 10.9%
April 2026 recorded 6,493 new formations, down 10.5% MoM (vs revised March 7,258) and 1.6% YoY (vs April 2025 6,598). The headline decline is largely a calendar artifact — Good Friday and Easter weekend compressed the working-month — while IT & Software (Division 62) extended its share gain to 10.9%, the second consecutive month above 10%.
Singapore Company Formations: March 2026 — Post-Holiday Rebound to 6,634 Entities, IT Sector Surges to 10% Share
March 2026 saw 6,634 new Singapore company formations, a sharp +23% rebound from February's Lunar New Year compression and the strongest March print in this dataset. While headline volume normalized, sector composition shifted toward IT & Software (10.0% share) at the modest expense of holding-company structures.
Singapore Company Formations: February 2026 — Lunar New Year Dip Masks Structural Resilience
Singapore recorded 5,180 new company formations in February 2026, a 29.7% month-over-month decline driven primarily by the Lunar New Year holiday. Despite the headline contraction, Local Company share rose to 73.1% and technology formations maintained momentum at 5.8%, suggesting structural resilience beneath the seasonal dip.
Singapore Company Formations: January 2026 — 7,052 Entities Signal Robust New-Year Momentum
In January 2026, Singapore recorded 7,052 new company formations, up 8.5% month-over-month and 17.9% year-over-year. Wholesale Trade (14.7%), Head Offices & Consulting (11.3%), and IT & Software (8.1%) led the sector mix, while Local Companies comprised 70.1% of formations.
Singapore Company Formations: December 2025 — Strong Year-End Surge with 43% YoY Growth
In December 2025, Singapore recorded 6,233 new company formations, marking a robust year-end performance with +43.5% year-over-year growth. Wholesale Trade (15.6%), Head Offices & Consulting (10.8%), and Retail Trade (9.9%) led sector formations.
Singapore Company Formations: November 2025 — Financial Services & Holding Structures Dominate
In November 2025, Singapore recorded 5,629 new company formations, down 17.6% MoM but stable YoY. Financial Services represented 8.3% of formations, with holding companies comprising 86% of this category. Key opportunities in trade-tech enablement and family office services.