https://www.channelnewsasia.com/singapor...st-3606691
MAS posts record net loss of S$30.8 billion amid rise in Singapore dollar
05-07-2023, 10:05 PM
MAS posts record net loss of S$30.8 billion amid rise in Singapore dollar, higher interest expenses - CNA
https://www.channelnewsasia.com/singapor...st-3606691
https://www.channelnewsasia.com/singapor...st-3606691
05-07-2023, 10:46 PM
Bought so much gold, what you expect but a huge loss
06-07-2023, 12:10 AM
.News reported MAS given S$75 billions to help GIC on 8 April 2022.
It seems overly extended beyond MAS ability to help GIC i.e. causing today's net loss of S$30.8 billions in its books.
Both playing pocket billiards
It seems overly extended beyond MAS ability to help GIC i.e. causing today's net loss of S$30.8 billions in its books.
Both playing pocket billiards
06-07-2023, 12:30 AM
(06-07-2023, 12:10 AM)Scythian Wrote: .News reported MAS given S$75 billions to help GIC on 8 April 2022.
It seems overly extended beyond MAS ability to help GIC i.e. causing today's net loss of S$30.8 billions in its books.
Both playing pocket billiards
If you keep on transferring $$$ here and transferring $$$ there whenever you like,
By helping GIC, Somedays MAS will have surpluses while other days MAS will have losses
06-07-2023, 12:57 AM
"MAS uses a new mechanism to transfer S$75 billion in excess foreign exchange reserves to the government for GIC to invest for the long term"
8 April 2022
https://newsbeezer.com/singapore/mas-use...%2C%202022
8 April 2022
https://newsbeezer.com/singapore/mas-use...%2C%202022
06-07-2023, 02:41 AM
(06-07-2023, 12:57 AM)Scythian Wrote: "MAS uses a new mechanism to transfer S$75 billion in excess foreign exchange reserves to the government for GIC to invest for the long term"
8 April 2022
https://newsbeezer.com/singapore/mas-use...%2C%202022
Is the new MAS mechanism implemented in April 2022 today, causing this wild swing and uncontrolled fluctuations ?
Did MAS carefully thought out these impacts well before even introducing the new mechanism?
06-07-2023, 05:35 AM
No worries DBS will help it top up those money....
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