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It is an alternative to Singapore Interbank Offered Rate (SIBOR) which is a measure of the interbank money market rates. [1] As of December 2018, SOR is measured and published periods of overnight, 1 month, 3 month, and 6 month. Like SIBOR, SOR is set by the Association of Banks in Singapore, and is also publicly available. [2]
SIBOR stands for Singapore Interbank Offered Rate [1] and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market). It is similar to the widely used LIBOR (London Interbank Offered Rate), and Euribor (Euro Interbank Offered ...
Total Merchandise Trade Value with Singapore, 2021 (S$ bil) % of Singapore Merchandise Trade Total Total Services Trade Value with Singapore, 2020 (S$ bil) % of Singapore Services Trade Total China Chinese yuan: CNY People's Bank of China: 164.3 14.16 40.0 7.99 Malaysia: Malaysian ringgit: MYR Bank Negara Malaysia: 128.7 11.09 11.4 2.29
1995 – Barings Bank, the oldest merchant bank in London, was declared insolvent after its head derivatives trader in Singapore, Nick Leeson, lost £827 million while making unauthorised trades on futures contracts. 2014 – Former editor-in-chief of Hong Kong newspaper Ming Pao Kevin Lau was stabbed, prompting concerns and protests about ...
Statue of Stamford Raffles, the first British governor of Singapore. This is a timeline of Singaporean history, comprising important legal and territorial changes and political events in Singapore and its predecessor states. To read about the background to these events, see History of Singapore. See also the list of years in Singapore
This is an accepted version of this page This is the latest accepted revision, reviewed on 22 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
Hoo was hailed as "one of the most influential Chinese (Cantonese) tycoons in Singapore". [10] He was awarded the Order of St Michael and St George , Class Companion (CMG). [ 11 ] In 1869, he became the first Asian member of the Legislative Council and within a few years, he was made an extraordinary member of the Executive Council , the only ...
This rate serves as a near risk-free benchmark rate (RFR) for the Australian dollar and is commonly referred to as AONIA in financial markets. [1] The Cash Rate, which represents the weighted average interest rate on overnight unsecured loans in the domestic interbank market, is a key tool for the RBA's monetary policy.