Louis Ng on Monetary Authority of Singapore (Amendment) Bill
The Monetary Authority of Singapore (Amendment) Bill provides a framework that delicately balances the need to maximise investment returns with the need to give the Monetary Authority of Singapore (MAS) enough flexibility to maintain price stability, said MP Louis Ng. Speaking in Parliament on Tuesday (Jan 11), he also sought clarifications on four aspects of the Bill. These include how MAS reached its definition of excess foreign reserves and how liquid the foreign reserves of GIC and Temasek Holdings are.
The Monetary Authority of Singapore (Amendment) Bill provides a framework that delicately balances the need to maximise investment returns with the need to give the Monetary Authority of Singapore (MAS) enough flexibility to maintain price stability, said MP Louis Ng. Speaking in Parliament on Tuesday (Jan 11), he also sought clarifications on four aspects of the Bill. These include how MAS reached its definition of excess foreign reserves and how liquid the foreign reserves of GIC and Temasek Holdings are.
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