Singapore Central Bank Sees Slower Financial Sector Growth

Singapore Central Bank Sees Slower Financial Sector Growth

Singapore will likely see slower growth in its financial sector in coming years as a confluence of trade and geopolitical tension clouds the economic outlook for the trade-dependent country, according to the central bank.

Chia Der Jiun: Financial Sector Growth Expected to Slow

The financial sector in Singapore registered robust growth in 2024 but the local regulator warned that a slowdown may be underway. According to the Monetary Authority of Singapore (MAS), the city-state's financial services sector grew by 6.8 percent in 2024, doubling the 3.1 percent growth in the previous year. Assets under management increased 12.2 percent to a new high of over S$6 trillion ($4.7 trillion). Assets in the insurance industry rose…

Hunting for Growth and Quality in the Financial Sector

Matt Clark here, stepping in for Adam while he’s out of the office working on a project. (More on that soon…) As Chief Research Analyst here at Money & Markets, I spend a large chunk of my day poring over market data and trying to make sense of it all. This market in particular takes an extra critical eye, as news breaks every day concerning tariffs, inflation, global conflicts … you name it! Luckily, we have Adam’s Green Zone Power Rating syste…

MAS posts record S$19.7B net profit, warns slower growth ahead amid tariffs uncertainty

SINGAPORE: The Monetary Authority of Singapore (MAS) on 15 July reported a net profit of S$19.7 billion for the financial year ended 31 March, up sharply from the S$3.8 billion recorded in the previous year, according to its annual report released today. This surge is attributed to investment gains of S$31.4 billion, partially offset by a negative S$3.4 billion from currency translation and net expenses of S$8.3 billion related to money‑market o…

MAS flags subdued H2 outlook amid tariff risks, warns of softer demand ahead

The Monetary Authority of Singapore (MAS) is taking a “cautious” view of the outlook for the second half of 2025, amid “considerable uncertainty” and a “wider than usual” range of potential outcomes.