Posts Tagged ‘Tat’
Singapore must be willing to take some risks to capture wealth management opportunities: Chee Hong Tat
[SINGAPORE] Singapore must be willing to take some risks to capture new wealth management opportunities, but still maintain high standards of a stable, trusted environment, said Chee Hong Tat, minister for national development and deputy chairman of the Monetary Authority of Singapore (MAS). “We take a risk proportionate approach, and not a zero risk approach,…
Read MoreSingapore’s aviation sector a ‘bright spot’ as air passenger traffic hits record 68.4 million: Chee Hong Tat
[SINGAPORE] With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry remains a bright spot amid global turbulence and uncertainty, said Transport Minister Chee Hong Tat on May 7. Air cargo reached 2 million tons for the period, up 11 per cent year on…
Read MoreTemasek-backed companies should not face obligation to list in Singapore: Chee Hong Tat
COMPANIES should not be obliged to list on the Singapore Exchange (SGX), said Second Minister for Finance Chee Hong Tat on Friday (Feb 28), in response to Workers’ Party Member of Parliament Louis Chua’s proposal to encourage Temasek-backed companies to do so. Chua had asked how the Monetary Authority of Singapore (MAS) plans to utilise…
Read MoreDisclosure-based regulatory system and investor protection ‘not mutually exclusive’: Chee Hong Tat
THE move towards a more disclosure-based regulatory system for Singapore’s equity market does not mean that protection for investors will be relaxed, said Chee Hong Tat, the Second Minister for Finance, on Friday (Feb 21). “I think the two are not mutually exclusive, and they can be achieved together,” said Chee, who was speaking at…
Read MoreCalculated risks, bold changes to be taken to revitalise equities market: Chee Hong Tat
TO REVIVE Singapore’s equities market, the Monetary Authority of Singapore (MAS) is ready to make bold yet necessary changes after carefully reviewing their trade-offs, said Transport Minister and Second Finance Minister Chee Hong Tat on Monday (Sep 16). MAS ’ review group, chaired by Chee, has come up with ideas and is ready to implement…
Read MoreMAS ready to make bold changes to revitalise equities market: Chee Hong Tat
TO REVIVE Singapore’s equities market, the Monetary Authority of Singapore (MAS) is ready to make bold yet necessary changes after carefully reviewing their trade-offs, said Transport Minister and Second Finance Minister Chee Hong Tat on Monday (Sep 16). The MAS’ review group, which he chairs, has come up with ideas and is ready to implement…
Read MoreTat Seng Packaging H1 profit rises 20.3% to S$10.1 million
Earnings per share for the period increase to 6.44 Singapore cents from 5.35 cents CORRUGATED paper packaging manufacturer Tat Seng Packaging posted a 20.3 per cent increase in net profit to S$10.1 million for its first half year ended June 30, up from S$8.4 million a year ago. This was mainly due to higher revenue…
Read MoreMAS prioritises policyholders, competitive market in assessing Allianz-Income deal: Chee Hong Tat
THE Monetary Authority of Singapore (MAS) will prioritise the interest of policyholders when assessing Allianz’s proposed acquisition of a majority stake in Income Insurance, said Second Minister for Finance Chee Hong Tat in Parliament on Tuesday (Aug 6). This means that MAS will ensure that the deal, if approved, will not change the terms…
Read MoreMAS appoints Transport Minister Chee Hong Tat as deputy chair of its board
MINISTER for Transport and Second Minister for Finance Chee Hong Tat has been appointed deputy chairman of the board of directors at the Monetary Authority of Singapore (MAS). MAS on Monday (Jul 29) said Chee’s appointment to the position will be for a term of two years and nine months from Aug 23, 2024 to…
Read MoreInvesting GIC funds ‘not the solution’ to make Singapore’s equity market more attractive: Chee Hong Tat
DIRECTING Singapore’s sovereign wealth fund, GIC, to invest in locally listed companies is “not the solution” to improve the attractiveness of the Republic’s equity market, as doing so will compromise the government’s objectives for setting up GIC. This will not benefit Singapore and Singaporeans, said Chee Hong Tat, Second Minister for Finance, in Parliament on…
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