Ravi Menon: Powering the next stage of Singapore FinTech

Asean, China, COVID-19, Customs, Customs Declarations, Digitalisation, SingaporeLeave a comment

24 November 2020 – Keynote address by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the Singapore-China (Chongqing) Financial Summit, via Video Conference from Singapore, 23 November 2020. Mayor Tang, Minister Teo, Assistant Minister Li, distinguished guests, ladies and gentlemen, good afternoon. Welcome to the 3rd Singapore-China (Chongqing) Connectivity Initiative (CCI) Financial…

Singapore Customs unveils electronic banker’s guarantee on NTP

All News, Customs, Customs Clearance, SingaporeLeave a comment

18 November 2020 – Singapore Customs has launched an electronic banker’s guarantee (eBG) programme on the Networked Trade Platform (NTP), following seven months of pilots with BNP Paribas, DBS Bank, OCBC Bank, SMBC and UOB. Unlike the traditional banker’s guarantee (BG), which can take up to 10 working days and see traders make up to…