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And with that, Inter Miami got to celebrate the game's greatest player one more time in 2023. He embraced Garber, Inter Miami owners Jorge and Jose Mas, then hoisted the trophy as the crowd roared. Political Cartoons View All 1240 Images“You, Inter Miami fans, have the best player who's ever played the game,” Garber said. “He’s the main star of this match and we want to join him celebrating his eighth Ballon D’Or,” Inter Miami coach Gerardo “Tata” Martino said. But eight Ballon D’Or trophies sure swing the argument Messi’s way.

Persons: — Lionel Messi, Messi, —, Messi —, Don Garber, Garber, Jorge, Jose Mas, ” Messi, “, ”, who's, ” Garber, Ballon, Leo, Gerardo “ Tata ” Martino, NYCFC, “ You’ve, hadn’t, ” Martino, Michael Jordan, LeBron James ., Woods, Jack Nicklaus, Roger Federer, Rafael Nadal, Novak Djokovic, Simone Biles, Michael Phelps, Katie Ledecky, Benjamin Cremaschi, “ He’s, I’ve Organizations: Inter Miami, Major League Soccer, New York City FC, MLS, ” Inter Miami, Inter, Argentina, Uruguay, U.S, CONCACAF, Soccer, Barcelona Locations: FORT LAUDERDALE, Fla, Paris, China, Miami, Argentina, Buenos Aires, Brazil, Rio de Janeiro, men’s

Catalan separatist leader Carles Puigdemont delivers a statement after a deal was signed with Spanish Socialist Workers' Party (PSOE) for Spanish government support, which is expected to include an amnesty law for Catalan separatist activists, in Brussels, Belgium November 9, 2023. The promise of a wide amnesty for Catalan separatists, including himself, that the 60-year-old fugitive from Spanish justice won in return is already dividing the country where protests have erupted in recent days. Puigdemont made his intentions clear in his inauguration speech, vowing to start "the constituting process of an independent state". A year and a half later, following an October 2017 independence referendum deemed illegal by Spanish courts, the same parliament declared Catalonia's independence. But he appears to have changed his tune since an interview published by Catalan newspaper ARA a week before Spain's election last July.

Persons: Carles Puigdemont, Yves Herman Acquire, Catalonia's, Pedro Sanchez, Puigdemont, Artur Mas, Spain's, Mariano Rajoy, Sanchez, Junts, Andrei KhalipMacfie Organizations: Spanish Socialist Workers ' Party, PSOE, Catalan, REUTERS, Rights, Spanish, Catalonia's, Spain's, ARA, Thomson Locations: Brussels, Belgium, Rights BARCELONA, Spain, Spanish, Madrid, Girona, Germany, Italy, Catalonia

☆ Piyush Gupta: Asia’s most disrupted digital banker
▼ + stars: | 2023-11-02 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

Piyush Gupta, CEO of DBS Group (DBSM.SI) is often lauded as Asia’s top financier and has been tipped as a candidate to lead global rivals. Yet following repeated serious failures in its digital banking services, the Monetary Authority of Singapore has banned DBS from non-essential activities including M&A. It puts dividends at risk and will attract the eye of watchdogs overseas where the lender is busy expanding. On the back of record profits, Gupta earned $11.4 million last year, making him one of Asia’s highest remunerated bank CEOs. MAS will retain a multiplier of 1.8 times to DBS’ risk weighted assets for operational risk, an increase from a multiplier of 1.5 times MAS applied in February 2022.

Persons: Piyush Gupta, Ping, aren’t, OCBC’s, Peter Seah, Gupta, Breakingviews, he’s, Una Galani, Thomas Shum Organizations: Reuters, DBS Group, HK, HSBC, Monetary Authority of, DBS, MAS, Lakshmi, Bank, Monetary Authority of Singapore, Thomson Locations: SINGAPORE, Monetary Authority of Singapore, India, Taiwan, Singapore

☆ Lionel Messi: ‘The Messi Experience’ offers fans interactive way of stepping into Argentine’s boots
▼ + stars: | 2023-10-19 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —If you’ve ever wanted to briefly step into Lionel Messi’s boots for a day, ‘The Messi Experience’ might be the closest you will get. Kicking off a world tour in Miami in April 2024, the “immersive adventure” will offer fans a brand-new perspective on the Argentine’s legendary career. Brad Penner/USA Today Network/ReutersMessi signed for MLS side Inter Miami in July after his contract expired at Paris Saint-Germain, reportedly turning down more lucrative offers from Saudi Arabia. Messi is currently the MLS’ highest-paid player with more than $20 million guaranteed, the MLS Players Association announced. In July, Inter Miami part-owner Jorge Mas told Spanish publication El Pais in an interview that Messi would earn between $50 and $60 million per year.

Persons: you’ve, Lionel Messi’s, ‘, Messi, ’, “, ” Messi, MLS Messi, Brad Penner, Reuters Messi, Germain, Ballon d’Or, Jorge Mas, Mas, El Organizations: CNN, Primo Entertainment, MLS, USA, Network, Reuters, Inter Miami, Paris Saint, League, La Liga, Barcelona, MLS Players Association, Argentine, Messi, El Pais, Apple TV, Adidas, Apple Locations: Miami, Paris, Saudi Arabia, Argentina, Qatar, Spanish, El Pais

☆ Singapore to inspect Credit Suisse, others in money-laundering scandal - Bloomberg
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Officials from Singapore's financial regulator will review documents and interview personnel from Credit Suisse and other banks within weeks, Bloomberg reported, citing people familiar with the situation. The MAS and Credit Suisse did not immediately respond to a request for comment. Singapore police in August arrested 10 foreigners as the Asian financial hub investigates one of its biggest cases of suspected money laundering, with assets worth S$2.8 billion ($2 billion) seized. Reporting by Chandni Shah in Bengaluru; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Chandni Shah, Robert Birsel Organizations: Credit Suisse, UBS, REUTERS, Monetary Authority of Singapore, Bloomberg, MAS, Singapore, Thomson Locations: Zurich Switzerland, Bengaluru

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dollar Tree, Amazon, Alphabet, Toll Brothers and more
▼ + stars: | 2023-10-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Wells Fargo upgrades Air Products to overweight from equal weight Wells Fargo said it sees robust earnings growth. JPMorgan reiterates Alphabet as overweight JPMorgan said it's standing by its overweight rating heading into earnings next week. " JPMorgan upgrades Viasat to overweight from neutral JPMorgan said it sees an attractive entry point for the satellite company. " JPMorgan upgrades CyberArk to overweight from neutral JPMorgan said it sees "accelerating demand" for the cyber company. JPMorgan initiates Teck Resources as overweight JPMorgan said the metals and mining company is its preferred play. "

Persons: Wells Fargo, GOOGL, Wells, Horton, Stifel, Raymond James, Lam, Tesla, MBLY, Goldman Sachs, Bernstein, Morgan Stanley, Hannon, JPMorgan Organizations: Air Products, JPMorgan, Homebuilding, MAS, FERG, UW, Lam Research, Materials, Microsoft, Viasat, Citi, Exxon Mobil, Hannon Armstrong Sustainable Infrastructure Capital, Bank of America, Apple, of America, Pro, Teck Resources Locations: Wells, LEN, China, HASI

☆ Singapore policy review shift is sign of times
▼ + stars: | 2023-10-13 | by ( Anshuman Daga | ) www.reuters.com time to read: +3 min

The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore in this February 21, 2013 file photo. The city-state’s central bank unexpectedly announced on Friday that it would shift to quarterly meetings to assess monetary settings from 2024, switching from biannual reviews. Even though it took local economists by surprise, Singapore’s decision to introduce more frequent monetary policy reviews looked inevitable. Singapore’s unique monetary policy arrangements, and its trade-based economy, made it increasingly hard to use a too-rigid setup. The announcement came after the MAS kept its monetary policy settings unchanged, as expected, and pointed to both upside and downside risks to inflation.

Persons: Edgar Su, Chia Der, it’s, Chia, Lisa Jucca, Thomas Shum Organizations: Monetary Authority of Singapore, Rights, Reuters, Monetary Authority of, Swiss National Bank, People’s Bank of, Singapore, MAS, Ministry of Trade, Industry, Thomson Locations: Singapore, Rights SINGAPORE, Monetary Authority of Singapore, People’s Bank of China, China, United States, Ukraine, Israel

A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. In a move that surprised economists, the Monetary Authority of Singapore (MAS) said it would shift to a quarterly schedule of policy statements in 2024 from semi-annual. The MAS maintained the prevailing rate of appreciation of its currency policy band known as the Singapore dollar nominal effective exchange rate, or S$NEER. As part of the increased frequency of its policy statements, monetary policy will be reviewed in January, April, July and October instead of just April and October. Prior to April, the MAS tightened monetary policy five times in a row, including in two off-cycle moves last year.

Persons: Darren Whiteside, Chua Hak Bin, Chua, Selena Ling, Ling, Xinghui Kok, Kanupriya Kapoor, Martin Petty, Sam Holmes Organizations: Monetary Authority, REUTERS, Rights, Monetary Authority of Singapore, MAS, Singapore, Gross, Reuters, Thomson Locations: Singapore, Rights SINGAPORE

☆ David Beckham says he supports a sale of Manchester United
▼ + stars: | 2023-10-12 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Beckham also dispelled reports that he would serve as an ambassador for Manchester United in a potential sale to Qatar's Sheikh Jassim Bin Hamad Al Thani. David Beckham of Manchester United '99 Legends warms up prior to the Manchester United '99 Legends v FC Bayern Legends match at Old Trafford on May 26, 2019 in Manchester, England. Beckham's success at Manchester United is featured prominently in the documentary. In November last year, Manchester United announced star player Cristiano Ronaldo would leave the team following an interview where he criticized manager Erik ten Hag and the Glazer family. Manchester United is currently ranked 10th in the Premier League and sits at a record of four wins and four losses.

Persons: there's, Beckham, Germain, Sheikh Jassim Bin Hamad Al, CNBC's, David Beckham, Matthew Ashton, Jamie Salter, Victoria Beckham, Glazer, Cristiano Ronaldo, Erik ten Hag, Ronaldo, Lionel Messi, Jorge Mas Organizations: PSG …, Paris Saint, Qatar Sports Investments, Manchester United, World, Qatar, Premier League, FC Bayern Legends, Old, CNBC, Authentic, Authentic Brands, Netflix, DB Ventures, Premiere League, English, Soccer, Inter Miami Locations: Qatar, Sheikh Jassim Bin Hamad Al Thani, Beckham, Old Trafford, Manchester, England

☆ Crypto firm Ripple secures Singapore payments licence
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

A representations of cryptocurrency Ripple is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSINGAPORE, Oct 4 (Reuters) - Cryptocurrency firm Ripple said on Wednesday its Singapore subsidiary has secured a payments licence to operate in the city-state without transaction thresholds. The licence, granted by the Monetary Authority of Singapore (MAS), will allow Ripple to provide regulated digital payment token services. It is one of 14 companies that are licensed to offer digital payment token services in Singapore. Others include the Singapore arm of Coinbase, the world's largest listed crypto exchange, as well as the Singapore units of Britain's Revolut and London-based Blockchain.com.

Persons: Dado Ruvic, Ripple, Revolut, Rae Wee, Edwina Gibbs Organizations: REUTERS, Rights, Singapore, Monetary Authority of Singapore, MAS, Thomson Locations: Rights SINGAPORE, Singapore, London, San Francisco, U.S, Asia, Pacific

A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. REUTERS/Darren Whiteside/File Photo Acquire Licensing RightsCompanies Coinbase Global Inc FollowOct 2 (Reuters) - The Singapore arm of cryptocurrency exchange Coinbase (COIN.O) said on Monday it had obtained a Major Payment Institution (MPI) licence from the city-state's central bank. The licence, granted by the Monetary Authority of Singapore (MAS), will allow the largest U.S. crypto exchange to offer digital payment token services to individuals and institutions in Singapore. Coinbase, the world's largest listed crypto exchange, was granted initial approval in October last year. Singapore has emerged as a crypto hub in Asia in recent years, having attracted digital asset firms from countries including China and India.

Persons: Darren Whiteside, Coinbase, Rae Wee, Jamie Freed Organizations: Monetary Authority, REUTERS, Payment, Monetary Authority of Singapore, MAS, Coinbase, Thomson Locations: Singapore, Asia, China, India

☆ Singapore's central bank looking into banks' role in $1.8 bln money laundering case
▼ + stars: | 2023-09-26 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com time to read: +2 min

SINGAPORE, Sept 26 (Reuters) - Singapore's central bank said on Tuesday it was looking into whether banks involved in a S$2.4 billion ($1.75 billion) money laundering scandal in the global wealth hub had taken all reasonable steps to mitigate risks. The Monetary Authority of Singapore (MAS) will take action if its findings reveal shortcomings in the banks' controls, a spokesperson said in an emailed statement. Singapore police last month arrested and charged 10 foreigners including from China, in one of the biggest anti-money laundering swoops. The scandal has raised questions on whether the banks are strictly following the city-state's stringent anti-money laundering rules. ($1 = 1.3677 Singapore dollars)Reporting by Yantoultra Ngui; Editing by Sumeet Chatterjee and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Yantoultra Ngui, Sumeet Chatterjee, Anil D'Silva Organizations: Monetary Authority of Singapore, Singapore, MAS, FIs, Thomson Locations: SINGAPORE, China, Singapore, Asia

☆ Evo Morales announces candidacy for 2025 Bolivia presidential elections
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

Bolivia's President Luis Arce and former President Evo Morales attend an ancestral ceremony to ring in the Aymara New Year, in Tiwanaku, Bolivia June 21, 2022. REUTERS/Manuel Claure/File Photo Acquire Licensing RightsSept 24 (Reuters) - Former Bolivia President Evo Morales will stand in the South American country's elections in 2025, he said on Sunday in a message on social media platform X, adding that he has been "obliged" by attacks against him. The announcement confirms a rift between Morales, one of Latin America's most prominent leftists, and Bolivia's sitting President Luis Arce, his former economy minister turned rival within the ruling MAS party. Morales fled the country and claimed he was the victim of a right-wing "coup" that was backed by the United States. After an 11-month caretaker government, Arce won a landslide election victory in October 2020, paving the way for Morales to return home.

Persons: Luis Arce, Evo Morales, Manuel Claure, Morales, Bolivia's, I've, Arce, Oliver Griffin, Mark Porter Organizations: REUTERS, MAS, Thomson Locations: Aymara, Tiwanaku, Bolivia, United States

☆ Singapore's non-oil exports fall for a 11th month in August
▼ + stars: | 2023-09-18 | by ( Chen Lin | ) www.reuters.com time to read: +2 min

SINGAPORE, Sept 18 (Reuters) - Singapore's annual exports fell for an 11th straight month in August as the trade-reliant economy continues to grapple with global headwinds on inflation and declining demand. Singapore's non-oil domestic exports (NODX) fell 20.1% year-on-year in August, official data showed on Monday, as both electronics and non-electronics exports to the United States, Europe and China declined. Economists are expecting the Monetary Authority of Singapore (MAS) to keep monetary policy unchanged in the policy review scheduled next month due to the weak growth and persistent inflation. NODX to the United States contracted by 32.4% in August, after the 34.3% expansion in the preceding month, mainly due to the sharp decline in non-electronic exports. Last month, Singapore narrowed its economic growth forecast to 0.5% to 1.5% this year from 0.5% to 2.5%, after it narrowly averted a recession in the second quarter when its economy expanded a seasonally-adjusted 0.1%.

Persons: Brian Tan, it's, Tan, Chen Lin, Kanupriya Kapoor Organizations: Barclays, Authority of Singapore, MAS, Enterprise Singapore, Thomson Locations: SINGAPORE, United States, Europe, China, Singapore

☆ Singapore c.bank bars 3AC founders from market activity
▼ + stars: | 2023-09-14 | by ( Chen Lin | ) www.reuters.com time to read: +1 min

A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. REUTERS/Darren Whiteside/File Photo Acquire Licensing RightsSINGAPORE, Sept 14 (Reuters) - Singapore's central bank said on Thursday it has barred the founders of bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) from market activity in the city-state for nine years. The Monetary Authority of Singapore (MAS) said in a statement it had issued orders, which, effective from Sept 13, prohibit 3AC founder Zhu Su and Kyle Livingston Davies from performing any regulated activity and from managing any capital market services firms in Singapore. "Senior management of fund managers are required to implement robust risk management measures to protect the interest of investors," Loo Siew Yee, MAS Assistant Managing Director said. Representatives for Zhu and Davies could not immediately be reached for comment.

Persons: Darren Whiteside, cryptocurrencies Luna, TerraUSD, Zhu Su, Kyle Livingston Davies, Loo Siew Yee, Zhu, Davies, Kanupriya Kapoor Organizations: Monetary Authority, REUTERS, Rights, Arrows, British Virgin Islands, Monetary Authority of Singapore, MAS, Thomson Locations: Singapore, Rights SINGAPORE, British Virgin

☆ Kuss close to overall Vuelta victory as Evenepoel wins stage 18
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Sept 14 (Reuters) - Belgium's Remco Evenepoel claimed his third victory in this year's Vuelta a Espana with a solo attack on a mountainous stage 18 and Jumbo-Visma's Sepp Kuss moved a step closer to winning his first Grand Tour on Thursday. Evenepoel's hopes of fighting the Jumbo-Visma riders for the overall title evaporated on stage 13 when he was dropped on the Col d'Aubisque and lost 27 minutes. "It was a super good opportunity to take the points for my jersey -- I took all the points -- and my third stage win is amazing to end the Vuelta with." Provided he avoids any mishaps on Friday and Saturday, Kuss will be a popular champion in Madrid. Vingegaard, who has been helped often by Kuss, warned that there is still a tough stage on Saturday and that the team needed to keep fighting.

Persons: Remco Evenepoel, Sepp Kuss, Evenepoel, La Cruz de, Pola de Allande, Kuss, Jonas Vingegaard, Primoz Roglic, rojo, Vingegaard, It's, Evenepoel's, d'Aubisque, Italy's Damiano Caruso, Denmark's Andreas Kron, Roglic, Juan Ayuso, Sepp, Dane, Martyn Herman, Toby Davis Organizations: La, La Cruz de Linares, Pola de, de France, Giro, Eurosport, UAE Team Emirates, Enric, Thomson Locations: Puerto, Pola, Madrid, Bahrain, American

☆ The Charter-Disney showdown didn't transform the TV industry, after all, despite the hype
▼ + stars: | 2023-09-11 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Charter and Disney have reached a rights deal, and the media industry was duped. Slate's headline the same day honed in further: "Disney Is in a Fight That Might Change TV Forever." But there's a reason why Dolan discussed this concept a decade ago and still linear cable TV exists. Charter still makes money by offering linear cable TV. Comcast , the largest U.S. cable TV provider, owns a slew of cable networks.

Persons: Devin Singletary, Michael Morris, Chris Winfrey, Winfrey, Goldman, CNBC's David Faber, Aaron Rodgers, haven't, Jim Dolan, Dolan, It's, it's Organizations: Buffalo Bills, New York Jets, Highmark, Charter, Disney, Street Journal, Marks, CNBC, Guggenheim Securities, ESPN, ABC, U.S, Cablevision, Comcast, DirecTV Locations: Orchard Park , New York, Goldman Sachs, New York

Honoree Japanese film director and animator Hayao Miyazaki poses during the Academy of Motion Picture Arts and Sciences Governors Awards in Los Angeles, California November 8, 2014. "There is nothing concrete on the table yet, but he shows the willingness to create something new," Nishioka said, adding that Miyazaki, is at the studio everyday. In Toronto, film buffs and movie fans lined up for the movie, the first time an animated Japanese film opened the festival. The movie is also inspired by how Miyazaki himself felt after the war and coped with the loss of his mother. "This is a personal film, showing how he (Miyazaki) lived, how he should have lived and throwing out the question to the audience, 'So how do you live?

Persons: Hayao Miyazaki, Kevork, Miyazaki, Nishioka, Toshio Suzuki's, Gabriel Mas, Genzaburo Yoshino, Mahito Maki, Nivedita Balu, Sandra Maler Organizations: Academy of Motion Picture Arts and Sciences, REUTERS, Rights, Toronto, Reuters, Thomson Locations: Los Angeles , California, Miyazaki, Japan, Toronto

☆ Vingegaard wins Vuelta stage 13 on terrible day for Evenepoel
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +4 min

Sept 8 (Reuters) - Jonas Vingegaard tamed the Tourmalet to win stage 13 of the Vuelta a Espana, on a dramatic day which saw last year's winner Remco Evenepoel's challenge wither in the Pyrenees on Friday. The relentless climbing and downhill racing took its toll on many, including last year's winner Evenepoel, who now finds himself out of contention. Any early attacks had all been reeled in by a Jumbo-Visma team looking to control the race. With the five-man group left to battle behind Vingegaard, it was Kuss who attacked in the final kilometre to close the gap. Saturday's stage 14 is another mountain stage, a 156.5 kilometre ride from Sauveterre-de-Bearn to Larra-Belagua.

Persons: Jonas Vingegaard, Remco, du Tourmalet, Evenepoel, Sepp Kuss, Primoz, Vingegaard, I'm, Kuss, d'Aubisque, Joao Almeida, Marc Soler, Juan Ayuso, Almeida, Robert Gesink, Wilco Kelderman, Lenny Martinez, Michael Storer, Enric Mas, Roglic, Visma, Dane, Trevor Stynes, Christian Radnedge, Toby Davis Organizations: UAE Team Emirates, de France, la, Belgian, Thomson Locations: Espana, Pyrenees, Formigal, Roglic, American, Vingegaard, Sauveterre, Bearn, Larra

☆ Economists cut Singapore 2023 growth and inflation forecasts - survey
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Sept 6 (Reuters) - Economists have downgraded Singapore's 2023 growth forecasts and inflation expectations, according to a survey by the country's central bank published on Wednesday, with spillovers from an external growth slowdown cited as the top risk. The median inflation forecast is for headline consumer prices to rise 4.7% this year, down from 5.0% predicted in June. The median forecast for MAS core inflation, which excludes private road transport and accommodation costs, is 4.1%, unchanged from the previous survey. Both headline inflation and MAS core inflation are expected to ease in 2024, to 3.1% and 2.8% respectively. About 69% of survey respondents cited the impact of a slowdown in external growth as the downside risk to the domestic outlook.

Persons: Yantoultra Ngui, Chen Lin, Kanupriya Kapoor Organizations: Monetary Authority of Singapore, Gross, MAS, Thomson Locations: SINGAPORE, Singapore

☆ Economists cut Singapore 2023 growth and inflation forecasts, survey shows
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: +1 min

Economists have downgraded Singapore's 2023 growth forecasts and inflation expectations, according to a survey by the country's central bank published on Wednesday, with spillovers from an external growth slowdown cited as the top risk. The median inflation forecast is for headline consumer prices to rise 4.7% this year, down from 5.0% predicted in June. The median forecast for MAS core inflation, which excludes private road transport and accommodation costs, is 4.1%, unchanged from the previous survey. Both headline inflation and MAS core inflation are expected to ease in 2024, to 3.1% and 2.8% respectively. About 69% of survey respondents cited the impact of a slowdown in external growth as the downside risk to the domestic outlook.

Organizations: Economists, Monetary Authority of Singapore, Gross, MAS Locations: Singapore, Marina

☆ Singapore’s central bank boss faces a tough start
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Sept 5 (Reuters Breakingviews) - Central banks pride themselves on being predictable. He is a former deputy to Menon, and currently a permanent secretary at the manpower ministry after spending 18 years in various stints at the central bank. He has led MAS’ financial stability assessment of the city state and completed a two-year secondment to the International Monetary Fund. During his 12-year term, he built up Singapore’s reputation as a global fintech hub and boosted its appeal as a leading financial centre. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Ravi Menon, Chia Der, There’s, Chia, Menon, Pernod Ricard, Una Galani, Katrina Hamlin Organizations: Reuters, Monetary Authority of, MAS, International Monetary Fund, X, Thomson Locations: SINGAPORE, Monetary Authority of Singapore, Singapore, China

☆ Singapore picks Chia Der Jiun as central bank head from next year
▼ + stars: | 2023-09-04 | by ( ) www.cnbc.com time to read: +1 min

Singapore named Chia Der Jiun as chief of its central bank on Monday, replacing Ravi Menon, the city state's longest-serving central banker, the Monetary Authority of Singapore (MAS) said. Menon, who turns 59 this year, had been re-appointed as recently in May for two more years in his role but will retire from public service after more than a decade at the central bank, MAS said. Chia, a permanent secretary at Singapore's manpower ministry, had previously spent 18 years at the MAS and led major functions from implementing monetary policy to managing reserves. Singapore's central bank was one of the earliest to tighten monetary policy as the country of 5.6 million exited the COVID-19 pandemic. Regardless of who is at the helm the independence and high standing of the central bank is unlikely to change," said OCBC economist Selena Ling.

Persons: Chia Der Jiun, Ravi Menon, Menon, Chia, Selena Ling Organizations: Monetary Authority of Singapore, MAS Locations: Singapore

☆ Bolivia hardens tone on cocaine 'mega labs', signaling crackdown
▼ + stars: | 2023-09-02 | by ( Monica Machicao | ) www.reuters.com time to read: +3 min

Along with Colombia and Peru, Bolivia is widely recognized as a leading world producer of coca, the raw ingredient for cocaine, but the government has long maintained production of consumption-ready cocaine was limited. "They are trying to turn our nation from being a drug transit country to a drug-producing country," he added and presented a drug trafficking map of some 1,804 drug factory busts since 2020, the "vast majority" in Chapare, he said. "At the same time Bolivia has managed to transition from basic paste to hydrochloride." "In Bolivia we are experiencing a dispute between two factions of the MAS, each one pointing the finger at the other suggesting that they are protecting drug traffickers." Reporting by Monica Machicao; Writing by Daniel Ramos; Editing by Adam Jourdan and Howard GollerOur Standards: The Thomson Reuters Trust Principles.

Persons: LA, Evo Morales, Eduardo del Castillo, MAS President Luis Arce, Morales, Carlos Toranzo, Arce, Toranzo, Monica Machicao, Daniel Ramos, Adam Jourdan, Howard Goller Organizations: Departmental Association of Coca Producers, MAS President, MAS, Reuters, Thomson Locations: La Paz, Bolivia, LA PAZ, Colombia, Peru, Chapare, Bolivian, MAS

☆ US asks Mexico to review cargo airline pilots' rights
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

Aug 30 (Reuters) - The United States is asking Mexico to review whether the labor rights of pilots at a small cargo airline are being infringed, the eight such request Washington has made this year, U.S. officials said on Wednesday. Since the U.S.-Mexico-Canada Agreement (USMCA) on trade took effect in 2020, the office of the U.S. Trade Representative has now launched a total of 13 labor rights complaints against facilities in Mexico. The United States wants Mexico to probe if pilots at Mas Air, a Mexico City-based cargo airline, are being denied the right to freedom of association and collective bargaining. "Today's action highlights the United States is committed to safeguarding the labor rights enshrined in the USMCA across industries and sectors," Trade Representative Katherine Tai said in a statement. Mexico has 10 days to agree to conduct a review and, if it agrees, 45 days from Wednesday to complete the review.

Persons: Katherine Tai, Washington, David Ljunggren, Sandra Maler Organizations: U.S . Trade Representative, United, Mas Air, Thomson Locations: United States, Mexico, Washington, U.S, Canada, Mexico City

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