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Payment Services Act
The Payment Services Act 2019 (PS Act) is a statute A statute is a formal written enactment of a legislative authority that governs the legal entities of a city, state, or country by way of consent. Typically, statutes command or prohibit something, or declare policy. Statutes are rules made by le ... of the Parliament of Singapore that provides a framework for the regulation of payment systems and payment service providers in Singapore. According to the Monetary Authority of Singapore (MAS) the PS Act provides for regulatory certainty and consumer safeguards, while encouraging innovation and growth of payment services and FinTech. The PS Act regulated seven activities: (1) account issuance services, (2) domestic money transfer services, (3) cross-border money transfer services, (4) merchant acquisition, (5) electronic money issuance, (6) digital payment token services and (7) money-changing services. The PS Act does not currently offer licensing for custodial services, al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of Singapore
The Parliament of Singapore is the unicameral legislature of the Republic of Singapore, which governs the country alongside the president of Singapore. Largely based upon the Westminster system, the Parliament is made up of Members of Parliament (MPs) who are elected, as well as Non-constituency Members of Parliament (NCMPs) and Nominated Members of Parliament (NMPs) who are appointed. Following the 2020 general election, 93 (currently 92) MPs and two NCMPs were elected to the 14th Parliament. Nine NMPs will usually be appointed by the president. The speaker of Parliament has overall charge of the administration of Parliament and its secretariat, and presides over parliamentary sittings. The leader of the house is an MP appointed by the prime minister to arrange government business and the legislative programme of Parliament, while the leader of the opposition is the MP who leads the largest political party not in the government. Some of Parliament's work is carried out b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ong Ye Kung
Ong Ye Kung ( zh, s=王乙康, p=Wáng Yǐkāng; born 1969) is a Singaporean politician and former civil servant who has been serving as Minister for Health since 2021. A member of the governing People's Action Party (PAP), he has been the Member of Parliament (MP) representing the Sembawang Central division of Sembawang GRC since 2015. Prior to entering politics, Ong worked in the Ministry of Communications, Ministry of Trade and Industry, Singapore Workforce Development Agency, National Trades Union Congress and Keppel Corporation. He was also the principal private secretary to Deputy Prime Minister Lee Hsien Loong between 2002 and 2004. He made his political debut in the 2011 general election as part of a five-member PAP team contesting in Aljunied GRC but lost. He contested again in the 2015 general election as part of a five-member PAP team contesting in Sembawang GRC and won. Before becoming Minister for Health, he was Minister for Education between 2015 and 2020, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Education (Singapore)
The Ministry of Education (MOE; ms, Kementerian Pendidikan; zh, 教育部; ta, கல்வி அமைச்சு) is a ministry of the Government of Singapore responsible for the formulation and implementation of policies related to the education in Singapore. Organisational structure The ministry currently oversees 10 statutory boards which includes 5 polytechnics and 2 institutes: SkillsFuture Singapore, Singapore Examinations and Assessment Board, ISEAS–Yusof Ishak Institute, Institute of Technical Education, Singapore Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Nanyang Polytechnic, Republic Polytechnic and Science Centre, Singapore. In 2016, a new statutory board under the Ministry of Education (MOE), SkillsFuture Singapore (SSG), was formed to drive and coordinate the implementation of SkillsFuture. It took over some of the functions currently performed by the Singapore Workforce Development Agency (WDA) and absorbed the Committee for Private Educatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tharman Shanmugaratnam
Tharman Shanmugaratnam (Tamil: தர்மன் சண்முகரத்தினம்; born 25 February 1957) is a Singaporean politician and economist who has been serving as Senior Minister of Singapore since 2019 and has also been Coordinating Minister for Social Policies since 2015 and also chairman of the Monetary Authority of Singapore since 2011. A member of the governing People's Action Party, he has been the Member of Parliament (MP) representing the Taman Jurong division of Jurong GRC since 2001. He has also been serving as Deputy Chairman of GIC. An economist by profession, Tharman had worked in both the public and private sectors, both domestic and abroad. He has spent most of his working life in public service, in roles principally related to economic and social policies. Tharman previously led the G20 Eminent Persons Group on Global Financial Governance and had chaired the International Monetary and Financial Committee (IMFC), the International Monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deputy Prime Minister Of Singapore
The deputy prime minister of Singapore is the deputy head of government of the Republic of Singapore. The incumbent deputy prime ministers are Heng Swee Keat and Lawrence Wong, who took office on 1 May 2019 and 13 June 2022 respectively. History The deputy prime minister is the second highest post, and is a senior Cabinet minister in Singapore. Since the mid-1980s, Singapore has had two deputy prime ministers at a time. The holder will sometimes assume the role of acting prime minister when the prime minister is temporarily absent from Singapore. The office of Deputy Prime Minister dates back to 1959 and was first appointed by the Governor of Singapore and later the ''Yang di-Pertuan Negara'', when Singapore attained self-governance from the British Empire. The title of Deputy Prime Minister remained unchanged after the merger with the Federation of Malaya, Sarawak and North Borneo to form Malaysia, while Singapore was a federated state of Malaysia between 1963 and 1965. To ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Authority Of Singapore
The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. History The MAS was founded in 1971 to oversee various monetary functions associated with banking and finance. Before its establishment, monetary functions were performed by government departments and agencies. The acronym for its name resembles ''mas'', the word for 'gold' in Malay, Singapore's national language – although the acronym is pronounced with each of its initial alphabets. As Singapore progressed, an increasingly complex banking and monetary environment required more dynamic and coherent monetary administration. Therefore, in 1970, the Parliament of Singapore passed the Monetary Authority of Si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Technology
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" (four key areas) of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies. Key areas Academics Artificial intelligence (AI), blockchain, cloud computing, and big data are considered the four key areas of FinTech. Artificial intelli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sources Of Singapore Law
There are three general sources of Singapore law: legislation, judicial precedents (case law), and custom. Legislation is divided into statutes and subsidiary legislation. Statutes are written laws enacted by the Singapore Parliament, as well as by other bodies that had power to pass laws for Singapore in the past. Statutes enacted by these other bodies may still be in force if they have not been repealed. One particularly important statute is the Constitution of the Republic of Singapore, which is the supreme law of Singapore. Any law the Legislature enacts after the commencement of the Constitution that is inconsistent with it is, to the extent of the inconsistency, void. Subsidiary legislation, also known as "delegated legislation" or "subordinate legislation", is written law made by ministers or other administrative agencies such as government departments and statutory boards under the authority of a statute (often called its "parent Act") or other lawful authority, and n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south, the South China Sea to the east, and the Straits of Johor to the north. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet; the combined area of these has increased by 25% since the country's independence as a result of extensive land reclamation projects. It has the third highest population density in the world. With a multicultural population and recognising the need to respect cultural identities of the major ethnic groups within the nation, Singapore has four official languages: English, Malay, Mandarin, and Tamil. English is the lingua franca and numerous public services are available only in Eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2019 In Law
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album ''Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipknot. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2019 In Singapore
The following lists events that happened during 2019 in the Republic of Singapore. Incumbents *President: Halimah Yacob *Prime Minister: Lee Hsien Loong Events January * 1 January **The National Environment Agency starts enforcing a smoking ban in Orchard Road. At the same time, the smoking age increases to 19. **Jurong Central Plaza is officially opened after the previous Hawker Centre located at the same precinct in Jurong West was on fire in 2016. * 2 January **The digital switchover is completed and the transmission of analogue television ceases. The signals are shut on 6 January. **The registration of e-scooters has started. **In response to the new instrument landing system procedures at Seletar Airport, a permanently restricted area in the delegated airspace over Pasir Gudang by Malaysia becomes operational. It would have impacted normal, existing air traffic in the airspace above Johor and Singapore. The restricted airspace and ILS procedures are suspended on 8 Januar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
