On 14 Feb 2017, the Monetary Authority of Singapore ("MAS") announced regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium-sized enterprises ("SMEs").
The Government Gazette had on 1 Dec 2017 allowed SIF to offer Current Account and chequing services to its business customers.
In line with these changes, SIF is allowed by MAS to issue Cashier's Orders. SIF had successfully rolled out its Cashier's Orders on 28 May 2018.
Please stay tuned for more details of the new products.
SGX Fast Track was introduced on 4 April 2018 in recognition of the efforts and achievements of listed issuers who have upheld high standards of Corporate Governance and maintained a good compliance track record.
Sing Investments & Finance Limited has been placed on the SGX Fast Track for 2018.
As a constituent of the SGX Fast Track, Sing Investments & Finance Limited can now expect to receive prioritised clearance for all submission of corporate actions to SGX RegCo.