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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 ...
[3] [4] At the archive's launch, it included 14 newspapers, [5] including the New Nation, Sin Chew Jit Poh, [6] Nanyang Siang Pau, Berita Harian, the Singapore Weekly Herald, the Straits Mail, [3] The Business Times, today, Streats, the Malayan Saturday Post, the Straits Observer, and the Straits Telegraph and Daily Advertiser. [7]
The reverse repo rate will be 100 basis points below the repo rate. The liquidity adjustment facility corridor, that is the excess of repo rate over reverse repo, has varied between 100 and 300 basis points. The period between April 2001 to March 2004 and June 2008 to early November 2008 saw a broader corridor ranging from 150–250 and 200 ...
This rate is revised periodically. However, there is no predetermined schedule. The repo rates are changed reactively depending on the economy. As in other countries, repo rates affect the money flow into the nation's economy and affect the inflation and commercial banks' lending or interest rate. As of May 2020, the Bank Rate is 4.65%. [14]
The subscription fee then was Sp.$1.75 per month. As editor, Woods sought to distinguish The Straits Times from The Singapore Free Press by including humour, short stories, and foreign news, and by making use of regular steamship services carrying mail that launched shortly before The Straits Times was launched. [13]
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The Singapore Tiger Standard, an English morning daily newspaper, was accused as "anti-Merdeka" by S. Rajaratnam, [7] and was closed in 1959 after the People's Action Party came to power. [ 8 ] In 1971, the Government crackdown on newspapers perceived to be under foreign influence or with subversive tendencies; saw the closing of The Eastern ...