Ministry of Finance (Singapore)
Encyclopedia
The Ministry of Finance (Abbreviation
: MOF; Simplified Chinese: 新加坡财政部), is a ministry
of the Government of Singapore
responsible for administering and regulating financial institutions and structures of the economy of Singapore
. It is headed by the Minister for Finance
. The authority's main regulatory statutes are the Companies Act, the Business Registration Act, the Currency Act and the Accountants Act.
The MOF functions within the government to ensure that businesses operating within Singapore's jurisdiction are compatible with international standards and practices, in areas such as company law, accounting standards and corporate governance principles.
Abbreviation
An abbreviation is a shortened form of a word or phrase. Usually, but not always, it consists of a letter or group of letters taken from the word or phrase...
: MOF; Simplified Chinese: 新加坡财政部), is a ministry
Ministry (government department)
A ministry is a specialised organisation responsible for a sector of government public administration, sometimes led by a minister or a senior public servant, that can have responsibility for one or more departments, agencies, bureaus, commissions or other smaller executive, advisory, managerial or...
of the Government of Singapore
Government of Singapore
The Government of Singapore is defined by the Constitution of the Republic of Singapore to mean the Executive branch of government, which is made up of the President and the Cabinet of Singapore. Although the President acts in his personal discretion in the exercise of certain functions as a check...
responsible for administering and regulating financial institutions and structures of the economy of Singapore
Economy of Singapore
Singapore has a highly developed state capitalist mixed economy; the state owns stakes in firms that comprise perhaps 60% of the GDP through entities such as the sovereign wealth fund Temasek...
. It is headed by the Minister for Finance
Minister for Finance (Singapore)
The Minister for Finance is an appointment in the Cabinet of Singapore and heads the Ministry of Finance. Tharman Shanmugaratnam, who was Second Minister for Finance, took over the ministership on 2007-12-01 when Prime Minister Lee Hsien Loong relinquished the Finance post ....
. The authority's main regulatory statutes are the Companies Act, the Business Registration Act, the Currency Act and the Accountants Act.
The MOF functions within the government to ensure that businesses operating within Singapore's jurisdiction are compatible with international standards and practices, in areas such as company law, accounting standards and corporate governance principles.
See also
- Minister for FinanceMinister for Finance (Singapore)The Minister for Finance is an appointment in the Cabinet of Singapore and heads the Ministry of Finance. Tharman Shanmugaratnam, who was Second Minister for Finance, took over the ministership on 2007-12-01 when Prime Minister Lee Hsien Loong relinquished the Finance post ....
- Government of SingaporeGovernment of SingaporeThe Government of Singapore is defined by the Constitution of the Republic of Singapore to mean the Executive branch of government, which is made up of the President and the Cabinet of Singapore. Although the President acts in his personal discretion in the exercise of certain functions as a check...