Singapore’s MAS posts $5.3 billion loss

The Monetary Authority of Singapore (MAS) recorded an overall loss of S$7.4 billion ($5.3 billion) for the financial year that ended on March 31, citing lower investment gains, currency appreciation, and higher interest expenses. Investment gains were S$4 billion, down from S$22.8 billion from the last financial year. In addition, the appreciation of the Singapore Dollar led to a negative foreign exchange translation effect of S$8.7 billion, the regulator announced in its annual r…