The Monetary Authority of Singapore (MAS) has announced the launch of a central bank gold custody service, offering foreign central banks, international financial institutions, and sovereign entities the option to hold their gold reserves in Singapore. MAS, together with the Ministry of Finance, will also introduce an optimized Goods and Services Tax (GST) framework targeting wholesale investment-grade gold market activities, which is expected to take effect in April 2027. Further details will be announced in the 2027 Budget.