MAS’s S$7.4 billion loss no big deal
A Straits Times (ST) story’s headline today - “MAS clocks net loss on the back of inflationary pressures” – may give the wrong impression and arouse undue alarm. The loss of MAS is not a matter of grave concern for the following reasons: 1. The loss came mainly from exchange translation losses. An exchange translation...
Since the last election, has the ruling party given you a better life?
I refer to the article ‘Cost of living among top concerns’ (ST, 15 Jul) It states that "Close to half of respondents said the city-state should focus on providing support to Singaporeans to cope with the rise in GST; and providing immediate financial support to households to cope with daily expenses, utilities and education...
MAS clocking a net loss of S$7.4 billion
Today's Straits Times headlines reported that the Monetary Authority of Singapore (MAS) clocks a net loss of 7.4 billion SGD on the back of a stronger Singapore dollars and inflationary pressure etc for its last financial year. Furthermore, because of the losses, MAS didn't contribute to Singapore's consolidated fund Such a...
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