Singapore’s MAS posts $5.3 billion loss
Investment gains were S$4 billion, down from S$22.8 billion last FY, and a strengthening Singapore Dollar resulted in a negative foreign exchange translation of S$8.7 billion.
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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.
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