Personal Finance
MAS Posts $7.4B Net Loss in FY2021/22: Here’s What This Means for Singaporeans
By Seedly  •  July 19, 2022
The Monetary Authority of Singapore (MAS) experienced a net loss of $7.4 billion for the financial year ended 31 March 2022 – the first time in nine years. holy shit Source: Giphy In the current financial year, MAS also said that Singapore’s economy is expected to experience slower growth, in the lower half of the 3.0 – 5.0% forecast range. “What?! Government losing money ah?” Don’t panic yet. In fact, this could actually be expected, as a lot of it has to do with inflation and its effects on the global economy. Inflation is complex but fundamentally, we know that it affects prices and most often than not, it would be passed on to our consumption of food, petrol and energy. So here’s what you need to know about the current situation and how you can hedge against them! Read more: Russia-Ukraine War Will Further Drive Up Costs for Singaporeans...
Read the full article
By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance