Singapore's central bank records net profit in last fiscal year

SINGAPORE, July 18 (Xinhua) -- The Monetary Authority of Singapore (MAS), also the island state's central bank, recorded a net profit of 3.8 billion Singapore dollars (2.8 billion U.S. dollars) in the fiscal year 2023/24, said MAS Managing Director Chia Der Jiun Thursday.

MAS achieved investment gains of 12.7 billion Singapore dollars from interest income, dividends, and realized capital gain, and a positive cur