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The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore. [1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
EMA regulates Singapore's electricity, gas and district cooling industries through legislation, policies and frameworks and codes of practice under the Energy Market Authority of Singapore Act 2001. [3] EMA oversees the general administration of the Electricity, Gas and District Cooling Acts.
Goods and Services Tax (GST) is a national sales tax introduced in 1991 at a rate of 7%, later reduced to 5%. A Harmonized Sales Tax (HST) that combines the GST and provincial sales tax, is collected in New Brunswick (15%), Newfoundland (15%), Nova Scotia (15%), Ontario (13%) and Prince Edward Island (15%), while British Columbia had a 12% HST ...
Singapore Power Group, doing business as SP Group is a state-owned electricity and gas distribution company in Singapore. SP Group is the corporatised entity of the former electricity and gas departments of the Public Utilities Board (PUB). SP Group was first incorporated as a commercial entity on 1 October 1995 as Singapore Power and Gas to ...
PUB, Singapore's National Water Agency, commonly known as PUB, an acronym for Public Utilities Board, is a statutory board under the Ministry of Sustainability and the Environment of the Government of Singapore responsible for ensuring a sustainable and efficient water supply in Singapore.
Electricity sector in Singapore is regulated by the Energy Market Authority (Chinese: 新加坡能源管理局). As of 2015, Singapore uses natural gas (95%) and waste (4%) for power stations' fuel. Oil used to contribute 23% in 2005 but now is down to 1%. [43] The fossil fuel basis of Singapore's electricity system affects the way that ...
Senoko Power was originally formed in 1977 [1] as a power generation arm of the Public Utilities Board (PUB) in Singapore. [2] In the 1990s, it converted the Power Station from an open-cycle gas turbine power plant to Singapore's first combined cycle plant. [3] It also began piping in natural gas from Malaysia to generate electricity in 1992. [4]
The Payment Services Act 2019 (PS Act) is a statute of the Parliament of Singapore that provides a framework for the regulation of payment systems and payment service providers in Singapore. [1] According to the Monetary Authority of Singapore (MAS) the PS Act provides for regulatory certainty and consumer safeguards, while encouraging ...