The Monetary Authority of Singapore made a net profit of $5.2 billion for the financial year ending 31 March, MAS Managing Director Ravi Menon announced on 30 June.The $5.2 billion net profit was recorded after deducting $1.9 billion of expenses for the domestic money market and other operations, and contributing $1.1 billion to the Government’s Consolidated Fund.
Half of the profit, or $2.6 billion, will be returned to the government, whilst the remainder will be added to MAS’s reserves. Menon said that investment gain of $22.8 billion was recorded in the financial year, mainly from interest income and realised capital gains. However, this was offset by a negative currency translation effect of $14.6 billion, due to the strengthening of the Singaporean Dollar against the US Dollar and Japanese yen, bringing official foreign reserves to $8.2 billion....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
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