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SINGAPORE: The Monetary Authority of Singapore (MAS) recorded its largest net loss of S$30.8 billion (US$22.8 billion) in the financial year that ended Mar 31, widening significantly from a S$7.4 billion loss in the year before that.
This was largely because of the central bank’s aggressive monetary policy tightening to bring down inflation, which paved the way for a “broad appreciation” of the Singapore dollar against other currencies – such as the US dollar, euro and yen – that the official foreign reserves were held in.
<p>FILTER FOR PHOTO CAPTION FIELD ONLY onluy More than "40 firms" have come on<strong> board</strong> a scheme to promote Singapore's wellness offerings. This comes as the <strong><em>partnership between Singapore </em></strong>Tourism Board and fitness and wellness%% platform ClassPass, which was launched in August, gears up to woo foreign tourists. Michelle Teo reports.$@&.decsription of hero video 123$$ More than "40 firms" have come on<strong> board</strong> a scheme to promote Singapore's wellness offerings. This comes as the <strong><em>partnership between Singapore </em></strong>Tourism Board and fitness and wellness%% platform ClassPass, which was launched in August, gears up to woo foreign tourists. Michelle Teo reports.$@&.decsription of hero video 123$$</p>
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SINGAPORE: The Monetary Authority of Singapore (MAS) recorded its largest net loss of S$30.8 billion (US$22.8 billion) in the financial year that ended Mar 31, widening significantly from a S$7.4 billion loss in the year before that.
This was largely because of the central bank’s aggressive monetary policy tightening to bring down inflation, which paved the way for a “broad appreciation” of the Singapore dollar against other currencies – such as the US dollar, euro and yen – that the official foreign reserves were held in.
