Singapore's central bank, Monetary Authority of Singapore (MAS), reported a net profit of S$3.8 billion for the fiscal year 2023/24, up from a net loss of S$30.
Singapore's central bank, Monetary Authority of Singapore (MAS), reported a net profit of S$3.8 billion for the fiscal year 2023/24, compared to a net loss of S$30.8 billion in the previous year. The improvement was due to strong investment gains, including interest income, dividends, and realized capital gains. MAS expects Singapore's full-year economic growth to come in closer to its potential rate of 2% to 3%, with core inflation expected to ease significantly in the final quarter of the year.
July 18, 2024
4 Articles