Sign up | Log in



Home  >>   Daily News  >>   Singapore  >>Economy  >> Singapore's exposure to Greek economic crisis 'negligible': MAS
NEW UPDATES Asean Affairs  8 July 2015  

Singapore's exposure to Greek economic crisis 'negligible': MAS

SINGAPORE: Singapore's domestic money and foreign exchange markets continued to function in an "orderly fashion" on Monday (Jul 6) after Greek voters said "no" to further austerity measures in return for bailout funds on Sunday, according to the Monetary Authority of Singapore (MAS).

In response to media queries, MAS said it is "closely monitoring developments in the Eurozone economy and global financial markets", as well as their potential impact on domestic markets and the economy.

"The direct exposure of our economy and banking system to Greece is negligible, accounting for just under 0.2 per cent of total trade and 0.1 per cent of total banking system assets," MAS said. It added that the broader impact of continuing developments in Greece is still uncertain.

Eurozone finance ministers are due to meet on Tuesday to prepare an emergency summit on Greece. The Spanish economy minister Luis de Guindos said Eurozone members were working to keep Greece within the group of nations using the euro as currency.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           July 8 , 2015 Subsribe Now !
• Work begins on Bac Giang-Lang Son road Subcribe: Asean Affairs Global Magazine
• Astra to boost infrastructure unit amid auto slump
• Travel agencies pin high hopes on visa-free policy
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Singapore's exposure to Greek economic crisis 'negligible': MAS
• First half of 2015 sees airport traffic up 14.4 per cent
Asean Analysis                   June 26, 2015
• Asean Analysis June 26, 2015
U.S. Companies Engage Myanmar on Reforms, Capacity and Infrastructure
Advertise Your Brand

Asean Stock Watch  July  7,   2015
• Asean Stock Watch-July  7, 2015
The Biweekly Update
• The Biweekly Update June 26, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand