MAS Posts Strong Net Profit on Investment Gains Amid Global Resilience

The Monetary Authority of Singapore (MAS) reported a net profit of $20 billion for the fiscal year ended March 31, 2026. This is an increase from the previous year's net profit of $19.7 billion.

The central bank's managing director, Chia Der Jiun, attributed the strong investment gains to resilient global equity and bond markets. The MAS made investment gains of $39.8 billion, which is above its 10-year historical average of $18.3 billion.

However, these gains were partly offset by negative currency translation effects of $16.4 billion due to a stronger Singapore dollar against the US dollar and the Japanese yen. Chia said that while this has resulted in some costs for the MAS, it has helped dampen the effects of imported inflation.