South China Morning PostFactualityFactuality is a Premium featureLean LeftLean LeftBased on the outlet's overall lean; article framing check pending

Singapore 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 Daily StarFactualityFactuality is a Premium featureUnratedUnratedBias analysis in progress

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

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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 · You are reading this one

Bangkok PostFactualityFactuality is a Premium featureLean RightLean RightBased on the outlet's overall lean; article framing check pending

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

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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

BusinessTodayFactualityFactuality is a Premium featureCenterCenterBased on the outlet's overall lean; article framing check pending

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

BloombergFactualityFactuality is a Premium featureLean LeftLean LeftBased on the outlet's overall lean; article framing check pending

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

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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