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NEWS UPDATES Asean Affairs   3 May 2013  

MAS Consults on Proposed Regulatory Requirements for Renminbi (RMB) Foreign Exchange Conversion in China

Singapore, 2 May 2013… The Monetary Authority of Singapore (MAS) today released a consultation paper on the proposed regulatory requirements for participating banks1 and merchant banks in Singapore to conduct foreign exchange conversion in China via the RMB Clearing Bank in Singapore.

2 As part of RMB clearing arrangements, the People’s Bank of China is granting the RMB Clearing Bank in Singapore a RMB foreign exchange conversion quota to allow participating banks and merchant banks to conduct foreign exchange conversion in China via the RMB Clearing Bank in Singapore for the settlement of eligible cross-border trade. MAS’ consultation paper sets out the proposed regulatory requirements that participating banks and merchant banks in Singapore must comply with when conducting such foreign exchange conversion.

3 The consultation paper is available on MAS’ website and comments should reach MAS by 16 May 2013. Interested parties may email their comments to and

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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