CategoriesAsia News

MAS, Fed extend US$60 billion currency swap facility through Dec 31

SINGAPORE: Singapore’s central bank said on Thursday (Jun 17) it has extended a US$60 billion swap arrangement with the US Federal Reserve through Dec 31.

The facility, set up in March 2020, was previously extended through Sep 30 this year.

The swap facility allows the Monetary Authority of …

CategoriesAsia News

Singapore’s exports grow at faster pace of 8.8% in May

SINGAPORE: Singapore’s non-oil domestic exports (NODX) rose at a faster pace of 8.8 per cent in May, compared to the 6 per cent growth recorded in the previous month.

Growth was mainly due to non-electronics, though electronics also saw an increase, according to data released by Enterprise …