FINANCIAL SERVICES | Staff Reporter, Singapore

Singapore domestic assets rise 3.49% to $9.19b in October

Whilst foreign assets hit $378.26b.

Singapore total domestic assets increased by 3.49% YoY from $8.88b to $9.19b in October.

According to the Monetary Authority of Singapore (MAS), the total value of the country's foreign assets climbed up by 7.75% YoY from $351.06b in 2016 to $378.26b.

Meanwhile, liabilities in the form of reserve money rose from $64.82b to $67.6b and foreign liabilities slightly grew by 1.35% YoY from $4.43b to $4.49b.

The value of government deposits fell 28.04% YoY from $88.84b to $63.93b.

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