S’pore financial reserves approach S$2 trillion as Temasek, GIC and MAS post annual results
Disclaimer: Unless otherwise stated, any opinions expressed below belong solely to the author. Data sourced from Singapore’s Ministry of Manpower. Before you ask—no, the government of Singapore hasn’t changed its policy and suddenly revealed how much money the country really has in its reserves. But as the three main organisations responsible for managing them have […]
Singapore's financial reserves have reached an estimated S$2 trillion, with the country's sovereign wealth funds and the Monetary Authority of Singapore reporting strong annual results. Temasek, the state-owned investment company, saw its net portfolio value exceed S$500 billion for the first time in history, with a net increase of around 50% over six years.
GIC, a state investment company, manages a total asset base of roughly S$1.5 trillion, but only a portion of it can be counted towards Singapore's financial reserves. The Monetary Authority of Singapore (MAS) holds additional foreign reserves, contributing to the country's total financial reserves. Using the Net Investment Returns Contribution (NIRC) formula, the expected annual returns on Singapore's financial reserves are estimated at around 4%, fitting with the government's conservative investment approach.
Written by urgent.news from Vulcan Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
