SINGAPORE – Mr Ravi Menon will step down on Jan 1, 2024, as managing director of the Monetary Authority of Singapore , just four months after his reappointment for two more years.Mr Menon, who turns 59 this year, is the longest-serving chief at MAS. He has been at the helm since 2011, managing Singapore’s foreign reserves, enforcing monetary policy, supervising the financial sector and developing the city-state as a financial hub.
Mr Menon, together with Attorney-General Lucien Wong and NetLink NBN Management chairman Chaly Mah, were also reappointed to the MAS board for another three-year term from June 1, 2023, to May 31, 2026.The MAS former deputy managing director for corporate development spent 16 years with the central bank before he joined the Manpower Ministry in 2020.
sustaining them through the pandemic and laying the foundations for a strong economic recovery post-crisis. Among the slew of measures ranging from wage subsidies for businesses, cash transfers for households and training for the future, the centrepiece of the Singapore Government’s response to the Covid-19 had been fiscal policy.
MAS eased its monetary policy in line with the slowdown in the economy. It ensured the smooth functioning of the funding markets, and facilitated the flow of credit to the economy.More On This Topic
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At least 4,800 victims lose $15.7 million to scammers posing as their friends since Jan 2023At least 4,800 victims have lost $15.7 million to scammers impersonating someone they know since January 2023. Read more at stomp.straitstimes.com
Source: stompsingapore - 🏆 11. / 53 Read more »
Longevity clinic opens at Alexandra Hospital to help Singaporeans spend fewer years in ill healthClinic will give patients who are well access to customised healthcare plans to help them live longer and healthier, and specialised care, if they need it. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Cirstea beats Bencic to reach first Grand Slam quarters in 14 yearsNEW YORK : Romanian Sorana Cirstea reached the quarter-finals of a Grand Slam for the first time in 14 years on Sunday after upsetting 15th seed Belinda Bencic 6-3 6-3 at the U.S. Open.Making her 59th Grand Slam main draw appearance and 15th at the U.S. Open, the 33-year-old Romanian's only other quarter-
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
20 most profitable old freehold condos in the last 10 years (averaging $500k profit)Real estate is often touted as a sound investment, but the reality is that not all properties appreciate at the same rate. For those seeking stability and growth in their investment, certain freehold condos in Singapore have consistently delivered. Between the years 2013 to 2023, there were some standout projects that defied market fluctuations and proved their worth. In this...
Source: asiaonecom - 🏆 10. / 59 Read more »
Tan Kin Lian says he will take things easy, spend more time with grandkids after conceding defeatFormer NTUC Income chief executive Tan Kin Lian said he expected to do much better in the presidential election than the 13.88 per cent of the vote he garnered, and that he will now heed his family’s advice to enjoy his retirement. Mr Tan, a second-time presidential...
Source: thenewpaper - 🏆 7. / 63 Read more »
Losing presidential candidate Tan Kin Lian gets his deposit back but 'expected to do much better'Former NTUC Income chief executive Tan Kin Lian said he expected to do much better in the presidential election than the 13.88 per cent of the vote he garnered, and that he will now heed his family’s advice to enjoy his retirement. Read more at stomp.straitstimes.com
Source: stompsingapore - 🏆 11. / 53 Read more »