Tag: Ravi Menon

Singapore Regulator Posted A Net Loss Of $7.4 Billion!

Economics and Finance Charlene Lensburg - July 19, 2022

The Monetary Authority of Singapore (MAS) announced a net loss of $7.4 billion for the financial year ended March 31, 2022. It was the first loss in nine years due to lower investment gains, a large negative foreign exchange translation effect, and higher interest expenses. As a result of the loss, MAS did not contribute to Singapore's consolidated fund, out of which government expenditure is made, for the financial year. It contributed $1.07 billion in fiscal 2021 and $2.17 billion in 2020.

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