SINGAPORE, Aug 7 - The Monetary Authority of Singapore said on Friday it had urged finance companies incorporated in the city-state to cap their dividends in order to improve their ability to support the credit needs of businesses and consumers.
The central bank urged finance companies to cap their total dividends per share for the fiscal year 2020 at 60% of the previous year's level. Finance companies are also encouraged to offer shareholders the option of receiving the dividends to be paid for 2020 in scrip in lieu of cash, it added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Genting Singapore shares sold off on dismal earnings and no interim dividend in 1HSINGAPORE -Investors dumped the stock of Genting Singapore on Friday (Aug 7), a day after the listed casino operator posted its worst-ever quarterly performance and did not declare an interim dividend for the first half, despite sitting on a huge net cash pile of about $3.3 billion.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Thai banking executive Predee Daochai named new finance ministerBANGKOK (REUTERS) - Thai banking executive Predee Daochai has been named the Southeast Asian country's new finance minister in a Cabinet reshuffle, according to an announcement published in the official Royal Gazette.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »