The far-reaching effects of digitalization are stimulating a fundamental re-think of the role of banks, in most advanced financial centers, we are starting with two digital full bank licenses, so as not to fragment Singapore's small domestic retail banking market.

Tharman Shanmugaratnam

Categorized in : Technology

People do want to know, there is curiosity, it is a matter of public interest. That is not sufficient reason to disclose information. It is not sufficient that there be curiosity and interest that you want to disclose information.

Tharman Shanmugaratnam

curiosity want people

The new digital bank licenses mark the next chapter in Singapore's banking liberalization journey, we welcome firms with innovative value propositions to apply for the digital bank licenses, even if they have not yet established a track record in banking.

Tharman Shanmugaratnam

technology

MAS' monetary policy of a gradual appreciation of the nominal effective exchange rate of the Singapore dollar since 2010 has brought inflationary pressures under control.

Tharman Shanmugaratnam

energy

They aim to secure price stability during a period of transition when cost pressures are still significant, while as the economy moves gradually towards productivity-led growth.

Tharman Shanmugaratnam

energy

MAS will continue to focus monetary policy on minimising overall economic volatility, while ensuring price stability in the coming years.

Tharman Shanmugaratnam

energy

We were a nation that was not meant to be. by Tharman Shanmugaratnam

We were a nation that was not meant to be.

Tharman Shanmugaratnam

politics

What's interesting and unique about Singapore, more than economics, are our social strategies. We respected peoples' differences yet melded a nation and made an advantage out of diversity.

Tharman Shanmugaratnam

politics