SINGAPORE: The Monetary Authority of Singapore (MAS) posted a net profit of S$20 billion (US$15 billion) for the financial year ended March 31, marking its third-highest annual profit on record as strong investment returns outweighed currency-related losses and operating expenses. In addition, MAS’ board approved a further return of S$2.5 billion to the Government to offset losses accumulated in previous years. He said global financial conditions had so far remained favourable, with equity market valuations staying elevated despite recent market pullbacks. “The sustainability of AI investments is thus highly consequential for global growth and financial stability,” he said. Separately, MAS said Singapore’s financial sector continued to expand despite a more uncertain global backdrop.