31st August, 2023
Tomorrow, September 1, Singapore will elect a new president with custodial powers to safeguard the nation’s trillion-dollar financial reserves and oversee key appointments to institutions like MAS, GIC and Temasek.
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8th April, 2022
The Central Bank of Singapore, known as the Monetary Authority of Singapore (MAS) today announced that it has transferred excess foreign reserves of US$ 55 billion to the Government – or, effectively, to the Sovereign Wealth Fund, GIC. The latter now manages assets in excess of US$ 799 billion, according to estimates of Global SWF.
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