Official Notices
109 notices published

MAS March 2026 CPI: Core Inflation Steady at 2.3% YoY Amid Easing Headline
MAS reports March 2026 CPI with headline inflation at 2.1% YoY, down from February, while core remains at 2.3% YoY. Businesses face moderated cost pressures but must prepare for potential policy shifts. Strategic pricing and cost management are key for competitiveness.

MAS Test Issuance of CMT Bills on 23 Apr 2026: Treasury Implications
MAS announces an operational test issuance of Cash Management Treasury Bills on 23 April 2026, signaling advancements in Singapore's government securities infrastructure. Businesses can participate to test systems while securing short-term yields. This presents low-risk opportunities for cash management amid evolving digital finance landscapes.

Singapore Signs GloBE MCAA: Easing Pillar Two Filing for MNEs
Singapore's signing of the MCAA on GloBE Information Exchange enables central filing of GloBE Information Returns, slashing compliance burdens for Singapore-headquartered MNEs under OECD Pillar Two rules. This move positions Singapore as an efficient tax hub while upholding data safeguards. Businesses should assess their in-scope status to leverage reduced filing obligations.

MAS April 2026 Monetary Policy: No Change Signals Stability for Businesses
MAS has maintained its monetary policy stance with no adjustments to the S$NEER band slope, width, or level for April-June 2026. This continuity supports economic stability amid global uncertainties, benefiting Singapore businesses with predictable forex conditions. Companies should review currency exposures and hedging strategies to capitalize on the steady outlook.

13th AFMGM Joint Statement: ASEAN Financial Stability & Digital Push
The 13th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting emphasizes financial resilience, digital innovation, and sustainable finance amid global uncertainties. Singapore businesses face opportunities in regional fintech and green investments but must align with evolving cross-border standards. Actionable strategies provided for compliance and growth across firm sizes.

MAS Upholds Convictions in Singapore's Largest Stock Manipulation Case
MAS, AGC, and SPF confirm upheld convictions for masterminds behind Singapore's biggest stock manipulation scheme involving false trading in penny stocks. This enforcement signals zero tolerance for market abuse, with severe personal penalties. Businesses must bolster compliance to avoid criminal risks and reputational damage.

MAS Findings on DBS Outage: Key Lessons for Banking Resilience
MAS's reply to Parliament details findings from the DBS/POSB digital banking disruption, highlighting lapses in change management and resilience testing. Businesses reliant on digital banking must prioritize robust contingency plans to mitigate similar risks. This underscores the need for enhanced operational resilience across Singapore's financial sector.

MAS Clarifies GIRO Safeguards Amid Rising Scam Concerns
MAS addresses parliamentary queries on GIRO transaction safeguards, stressing verification via official .gov.sg sites. Businesses gain clarity on fraud prevention measures for secure payments. Strategic recommendations provided for compliance and risk mitigation.

MAS Reply: Rising Rates' Limited Impact on Singapore Homebuyers' Mortgages
MAS assures that Singapore's mortgage market remains resilient amid rising interest rates, thanks to robust safeguards like TDSR and stress testing. Delinquency rates stay low, with minimal stress on homebuyers. Businesses in finance and real estate should review lending practices for sustained stability.

MAS on Household Debt: Stable Ratios Amid High Liabilities
MAS's parliamentary reply highlights manageable household liabilities backed by strong assets, with stable debt-service ratios. This reassures financial stability but signals vigilance on property-linked debt. Businesses in lending and real estate should align strategies with macroprudential measures.