【完了完了】MAS posts $7.4 billion annual loss

[KuNiangSheng]

T @s-ghost, this is nothing, one note alone worth zillions

 

[Terraces]

Buay yeow kin GST to the rescue?

 

[whatheheck]

nothing a 10% GST cant fix
Read HWZ Forum Rules!

Fix simi.... They have loads of marnee

 

[Black9]

MAS boss is an ____an


Read HWZ Forum Rules!

 

[nasfieldjohn]

Ceca chief ish jin satki mens

 

[ashethen]

SHOCKING. i thought MAS meant malaysia airlines.

didnt expect MAS to lose so much

 

[Water Bottle]

Sic dept

Annual report is on their website

And also their action plan. Analysing & reviewing plan.

All these don't have.

 

[Sammychan]

MAS posts $7.4 billion annual loss, weighed by stronger Singdollar amid soaring inflation​

https://www.straitstimes.com/busine...by-stronger-singdollar-amid-soaring-inflation

Bitcoin?

 

[PeanutButterJellyfish]

Why MAS fear monger? Temasek hit trillion dollar in portfolio. What is a few billions

 

[lala24]

A friend who worked there told me ppl there 5pm can knock off already, cos nothing much to do.

MAS so jlb one?

 

[PointofCommonCoupling]

7.4 BILLION ONLY WHAT

PEANUT LA!

GOT SOMEONE LOST TEMASEK BILLIONS IN INVESTMENT ALSO WHAT

THEN GOT ANYTHING HAPPEN?

NOTHING WHAT

Got. Your retirement age push up.

Their salary increase.

 

[Jamestan80]

How MAS loss money ?

 

[Guixianren]

Most of the investment are in USD. And we know that SGD has weakened against USD.

If investment in USD and SGD has weakened, should post profit instead leh. My USD now change to SGD at least another 3.7% gain.

 

[KuNiangSheng]

Giving covid packages and gst vouchers are not considered as loss... Hope Mas get this right...

 

[BigLiarLiar]

 

[kiatkiat]

Below statement indicate govt think sinkies are dumb.
inflations is way higher than govt data!

• MAS loses for FY2023 will only get worse as singapore invested basket of currencies will continue to get weaker against SG.
• INterest rate will only get higher thus whatever MAS total expenditure due to higher interest rates.. it will just get much worse!!

"MAS managing director Ravi Menon said on Tuesday that core inflation is projected to increase to a peak of 4-4.5 per cent in the third quarter this year before levelling off to about 3.5-4 per cent by year-end, much higher than what Singapore is used to."

"MAS' total expenditure also increased, to $2.8 billion, due mainly to higher interest expenses on domestic money market operations.".

If core inflation is 4 to 4.5%, that mean overall inflation will be 7% or more liao...

 

[iceblendedchoc]

SHOCKING. i thought MAS meant malaysia airlines.

didnt expect MAS to lose so much

Malaysia airlines dun have so much money to lose in the first place

 

[MiG123]

How does a central bank post loss?

It’s somebody’s personal bank

 

[iceblendedchoc]

If investment in USD and SGD has weakened, should post profit instead leh. My USD now change to SGD at least another 3.7% gain.

From the unknown basket mas hold, you can deduce that they hold eur, aud, yen and rmb. Just that no one outside know the exact %

 

[virtualape]

no wonder they say sinkies can manage a sharp increase in interest rate.