Summary from the original article
The Monetary Authority of Singapore said the facility, housed in the city-state's national currency vault, could store 500 tonnes of gold but could expand that as demand grows.
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Upgrade this serverSingapore on Tuesday launched a gold storage service for foreign central banks and other financial institutions, as it seeks to bolster its position as a major precious metals trading hub. The Monetary Authority of Singapore (MAS) said the facility, housed in the city state’s national currency vault, could store 500 tonnes of gold but could expand that as demand grows. The service will provide foreign central banks, international financial institutions and sovereign entities “with a secure...
2 days ago · scmp.com
The Monetary Authority of Singapore said the facility, housed in the city-state's national currency vault, could store 500 tonnes of gold but could expand that as demand grows.
2 days ago · thedailystar.net · You are reading this one
Marking further progress in the city-state’s efforts to develop as a key Asia-Pacific gold trading hub, the Monetary Authority of Singapore (MAS) on Tuesday (Nov 10) announced two fresh initiatives.
2 days ago · tabla.com.sg
SINGAPORE — The Monetary Authority of Singapore (MAS) said on Tuesday it would launch a vaulting service to hold bullion for foreign central banks and lower taxes on some companies in the gold market as it competes for a bigger slice of the precious metals trade.
2 days ago · bangkokpost.com
Overseas gold will be stored in the city-state’s national currency vault, which has capacity for as much as 500 tonnes, with room to expand as demand grows.
2 days ago · freemalaysiatoday.com
Singapore has launched a gold vaulting service with capacity to store up to 500 tonnes of bullion, offering foreign central banks and sovereign institutions another option to hold their gold reserves amid growing demand for the precious metal. The Monetary Authority of Singapore (MAS) said on Tuesday that the service would use the country’s national […]
2 days ago · businesstoday.com.my
Singapore has launched a gold vaulting service for overseas central banks and official institutions, seeking to capitalize on global demand to diversify storage of bullion reserves.
2 days ago · bloomberg.com
The Monetary Authority of Singapore said on Tuesday it would launch a vaulting service to hold bullion for foreign central banks and lower taxes on some gold-market companies as it competes for a bigger share of the precious metals trade.
2 days ago · myjoyonline.com
Dhaka Tribune Bangla · 2 days ago
বিদেশি ব্যাংকের জন্য স্বর্ণ সংরক্ষণসেবা চালু করলো সিঙ্গাপুরBanker (Банкер) · 2 days ago
Сингапур пуска услуга за съхранение на злато за централни банкиThe Daily Star Singapore launches gold storage service for central banks
South China Morning Post Singapore adds lustre to bullion hub with gold vault service for central banks
