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SBF was formed on 1 April 2002 [9] as the successor to the Singapore Federation of Chambers of Commerce and Industry, [5] which had consisted of five business chambers and associations in Singapore. [10] SBF has compulsory membership, [4] [5] [11] unlike its predecessor which had struggled financially as a result of voluntary membership. [4]
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
The National Trades Union Congress (NTUC), also known as the Singapore National Trades Union Congress (SNTUC) internationally, is the sole national trade union centre in Singapore. NTUC leads the labour movement of Singapore , comprising 59 affiliated trade unions, 5 affiliated trade associations, 6 social enterprises, 6 related organisations ...
Currently, the Singapore Public Accountants Oversight Committee (PAOC) of the Accounting and Corporate Regulatory Authority, [1] established under the Accountants Act to determine, prescribe and review the requirements to be satisfied by people seeking to be registered as public accountants in Singapore, will not register any person as a public accountant unless the person is a member of ISCA.
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]
ASEAN Financial Innovation Network (AFIN) is a non-profit organisation, established by the Monetary Authority of Singapore (MAS), ASEAN Bankers Association (ABA), and the International Finance Corporation (IFC), a member of the World Bank Group in 2018. AFIN launched the Application Programming Interface Exchange (APIX), a global fintech ...
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Post Office Savings Bank (POSB), acquired by DBS Bank on 16 November 1998. Singapore Broadcasting Authority (SBA), formed on 1 October 1994, merged into Media Development Authority on 1 January 2003. Singapore Broadcasting Corporation (SBC) corporatised as the Television Corporation of Singapore on 1 October 1994