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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]
Although they may be higher or lower than SIBOR at any point of time, they usually move in tandem with the direction of SIBOR and are used by banks to help price loans. SIBOR is being discontinued, with the 6-month SIBOR rate being discontinued with effect from 31 March 2022, and the rest of SIBOR to be discontinued with effect from 31 December ...
During the COVID-19 pandemic, MAS brought forward its bi-annual meeting from some time in April to 30 March. [5] The MAS decided to ease the Singapore dollar's appreciation rate to zero percent, as well as adjust the policy band downwards, the first such move since the 2007–2008 financial crisis. This marks the first time the MAS had taken ...
The artificial intelligence company said in an update to its status page late Thursday night that ChatGPT had achieved a "full recovery" by 11:16 p.m. Eastern Time.
On Thursday, the company's CEO revealed a new AI tool that, using nothing more than a brief text prompt, creates videos up to 60 seconds long so realistic the average person would struggle to ...
The Microsoft-backed company, which kicked off a generative AI craze with the launch of its ChatGPT chatbot in November 2022, aims to target similar text-to-video tools from Meta and Alphabet's ...
SGX was formed on 1 December 1999 as a holding company. The share capital of some former exchange companies, namely Stock Exchange of Singapore (SES), Singapore International Monetary Exchange (SIMEX) that was founded in 1984 and Securities Clearing and Computer Services Pte Ltd (SCCS) were cancelled and new shares issued in these companies were fully paid up by SGX.
In 1981, Malaysia decided to standardise the time across its territories to a uniform UTC+08:00. Singapore elected to follow suit, citing business and travel schedules. [14] [15] The change took effect on New Year's Day (1 January) 1982 when Singapore moved half an hour forward on New Year's Eve (31 December) 1981 at 11:30 pm creating "Singapore Standard Time" (SST) or "Singapore Time" (SGT). [16]