Looking for a comprehensive guide to investing? Check out the FH Complete Guide to Investing and FH REITs Masterclass for Singapore investors. MAS Calls on Local Banks to Moderate FY2020 Dividends (MAS) MAS has called on locally-incorporated banks headquartered in Singapore (“Local Banks”) to cap their total dividends per share (“DPS”) for FY2020 at 60% of FY2019’s DPS, and offer shareholders the option of receiving the dividends to be paid for FY2020 in scrip in lieu of cash. While the Local Banks’ capital positions are strong, the dividend restrictions are a pre-emptive measure to bolster their resilience and capacity to support lending to businesses and individuals through an uncertain period ahead for our economy.  Earlier, in April 2020, MAS had encouraged banks in Singapore to ensure that sustained lending took priority over discretionary distributions.  Singapore jobless rate hits 2.9%, highest in more than a decade; retrenchments double (CNA) Singapore’s overall unemployment

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