The profit has come from interest income, gains from asset markets and the strength of the Singapore dollar against other trading partners.

MAS’s total assets, including the Currency Fund, grew by S$12.29 billion during the year to S$218.21 billion at end-March 2007.

In the meantime, Singapore's foreign reserves increase to $225.17 billion in August 2007.  It was S$222.66 billion in July 2207 and compared to a year ago, the reserves were S$204.44 billion. (5 Sept)

Edited by Sam Gian – Independent Real Estate Sale Consultant