SINGAPORE, Dec 22 — The financial crunch has hurt the Singapore Academy of Law as well, causing the group to lose S$5.2 million (RM12.5 million) from investments from April last year to March this year.The academy — whose group activities include publications and mediation services, among other things — lost close to S$6.3 million when it sold off its bonds and equities.
There was another S$690,000 attributed to paper losses, as the value of its investments shrank in size.
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