CNA·3 min read·medium
MAS reports net profit of S$20 billion driven by strong investment gains
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Abigail Ng
✦AI Summary
The Monetary Authority of Singapore reported a net profit of S$20 billion for the fiscal year ending March 31, driven by strong global investment gains. Despite the positive results, the central bank warned of uncertainty regarding the sustainability of the current artificial intelligence investment boom.
The central bank's managing director said global financial conditions have been benign so far, but a "major uncertainty" is the sustainability of the artificial intelligence investment boom.
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