April 9 (Reuters): Singapore's central bank has announced that it has transferred excess official foreign reserves (OFR) of S$75 billion (US$55.11 billion) to the government through a subscription of reserves management government securities.
RMGS is a mechanism to facilitate the transfer of OFR that is not needed for the conduct of monetary policy and financial stability from the central bank to the government, for longer-term investment by GIC, the sovereign wealth fund.
3 years ago..
"8 May 2019…The Monetary Authority of Singapore (MAS) said today that it would be transferring S$45 billion from the official foreign reserves (OFR) to the Government for longer-term investment.
This amount is the excess over what MAS deems necessary to maintain confidence in Singapore’s exchange rate-centred monetary policy. MAS, as the central bank of Singapore, manages the country’s OFR, which stood at S$404 billion as at April 2019."
https://www.mas.gov.sg/news/media-releas...ransfers-s$45-billion-to-the-government-for-long-term-investment#:~:text=8%20May%202019,at%20April%202019.
How MAS is able to perform miracles in pandemic,?
S$75 Bil in 3 years 2019 - 2022
(09-04-2022, 08:53 PM)Scythian Wrote: [ -> ]How MAS is able to perform miracles in pandemic,?
S$75 Bil in 3 years 2019 - 2022
They are currency trader. Market wizard.
all these transfers are to make up for losses lah
(09-04-2022, 09:28 PM)Niubee Wrote: [ -> ]They are currency trader. Market wizard.
(09-04-2022, 10:11 PM)Klesk Wrote: [ -> ]cover black hole
Cover back side
(09-04-2022, 09:28 PM)Niubee Wrote: [ -> ]They are currency trader. Market wizard.
MAS alone performed better than both GIC and Temasek SWF combined together.
With Transferring so big amount of S$75 billion, maybe Should open another MAS and then, close GiC and Temasek.
Don't waste time.
(09-04-2022, 09:28 PM)Niubee Wrote: [ -> ]They are currency trader. Market wizard.
Not investing overseas, just within Singapore banking sector alone, MAS can generate excess S$75 billion in short period of 3 years.
Why needs to go and invest overseas for?
This is our only sovereign fund that is making exponential profits.
(10-04-2022, 08:18 AM)A2Z Wrote: [ -> ]This is our only sovereign fund that is making exponential profits.
WOW!
MAS turns recycled sewage water into Red Wine
(09-04-2022, 10:06 PM)Napoleon Porlumpar Wrote: [ -> ]all these transfers are to make up for losses lah
"Ho Ching claims investment returns by GIC, MAS, and Temasek are the “single largest contributor to SG budget” more than income tax or GST"
https://theindependent.sg/ho-ching-claim...20or%20GST
(09-04-2022, 08:53 PM)Scythian Wrote: [ -> ]How MAS is able to perform miracles in pandemic,?
S$75 Bil in 3 years 2019 - 2022
Pandemic did not use much of our reserves
Because IMF distributed funds to all countries
Also we have lots of CPF funds that PAP said is not our money
For example- $4 Billion in CPF collected PER MONTH
To be used instead
(10-04-2022, 09:26 AM)5354 Wrote: [ -> ]Whiny little ccbai talking through her arsehole!
""Ho Ching claims investment returns by GIC, MAS, and Temasek are the “single largest contributor to SG budget” more than income tax or GST"
"
Look up PSP Liew speech on why this should not be allowed
I think reasons why is very clear
Using reserves tk complement budget is a subsidy on progressive taxes implemented for the wealth.
By using reserves funds which also consists of excess returns from use of CPF funds by GIC for investments ...taxes are kept artificially low for the wealthy.
It is not this extra money from reserves is doing a lot for the needy in our society. It js just making up for the shortfall that comes from subsidising low taxes.
(10-04-2022, 09:32 AM)Scythian Wrote: [ -> ]""Ho Ching claims investment returns by GIC, MAS, and Temasek are the “single largest contributor to SG budget” more than income tax or GST"
"
Jac Lau is abusing SGTALK again?
(10-04-2022, 03:00 PM)5354 Wrote: [ -> ]ola self fcuk her asshole as she lick my shit, again?
Jac Lau fck a snake and vomit blood at the same time
He swallow his own sputum back and choked his LJ brain again?
No wonder he always spew rubbish in this forum.
Ho Ching must say she did a good job in Temasick
To Self- Praise herself
![[Image: Quotes-Self-Praise-1.png]](https://i.ibb.co/y0XKgTB/Quotes-Self-Praise-1.png)
Why Singapore Govt still raise GST?
Within 3 years, MAS generated in excess of S$120 Bil IE 30% of Temasek Holding's Assets Under Management, AUM.
S$120 billion is MAS s excess (more than needed,)
This shows GIC and Temasek are performing far below par.
The government of Singapore invested about Rs 155 crore while the Monetary Authority of Singapore put in Rs 36 crore.
The balance Rs 359 crore was invested by mutual funds Nippon Life India Trustee, SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund and HDFC Trustee Company.
(09-04-2022, 09:28 PM)Niubee Wrote: [ -> ]They are currency trader. Market wizard.
What type of $$$ printing machine?