Singapore says foreign residents’ deposits fell by RM73.5bil

SINGAPORE, April 29 (Bloomberg): Residents outside Singapore pulled billions in deposits last month amid financial turmoil triggered by the collapse of several banks globally.

Foreign resident deposits saw an outflow of S$22.2 billion (US$16.6 billion - RM73.5 billion) to S$521.8 billion in March, falling to the lowest level since July, according to data by the Monetary Authority of Singapore.