Monetary Authority of Singapore

Stories

Singapore's economy grows 5.4% as AI-driven chip boom extends

Held policy steady October 14 after tightening twice in 2026

Singapore's economy expanded 5.4% in the third quarter of 2026, beating forecasts and extending a boom driven by demand for the semiconductors that power artificial-intelligence systems. Growth eased from 6.2% in the previous quarter but remains the strongest of any major advanced economy except Taiwan.

Updated Oct 14

Circle agrees to buy cross-border payments firm Tazapay for $400 million

Money Moves

Must approve the acquisition for closing

Circle Internet Group, the New York-based issuer of the USDC stablecoin, announced September 8 that it signed a definitive agreement to acquire Tazapay, a Singapore-headquartered cross-border payments company, in an all-stock deal worth about $400 million. It is Circle's largest purchase since it bought the Poloniex exchange in 2018, and its first major acquisition since its June 2025 public listing.

Updated Sep 13