The Business Times
business-time-50
SUBSCRIBERS

Deposits of residents outside Singapore at highest since Feb 2016: MAS data

google-preferred-sourceAdd BT as a preferred source
Published Fri, Nov 29, 2019 · 03:22 AM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    DEPOSITS of residents outside Singapore held by Singapore-based banks rose to its highest level not seen since early-2016, preliminary data from the Monetary Authority of Singapore on Friday showed.

    The monthly data showed that some S$49.76 billion from residents outside Singapore were held in through the domestic banking unit as at October this year.

    It includes deposits from persons with registered addresses outside Singapore - including overseas residents - Singaporeans working abroad, and companies with a registered address outside Singapore.

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

    In taxing wealth, how far can Singapore push property owners?

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More