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MAS posts sharply lower profit due to currency effects

Wednesday, July 22, 2015 - 05:50

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The Monetary Authority of Singapore (MAS) posted a sharply lower net profit of S$281 million for the year ended March 31, 2015, due to currency effects.

Singapore

THE Monetary Authority of Singapore (MAS) posted a sharply lower net profit of S$281 million for the year ended March 31, 2015, due to currency effects.

The negative translation effect arose as the Singapore dollar strengthened against the euro and yen by 17.6 per cent

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