The Monetary Authority of Singapore (MAS) said it posted a net profit of 10.12 billion Singapore dollars (about 7.4 billion U.S. dollars) during the financial year ending March 31.MAS Managing Director Heng Swee Keat presented the sterling results at the MAS annual report press conference on Thursday.
He said that the increase could be attributed to the stronger Singapore dollar, interest and dividend income, as well as gains in the valuation of assets. Full Story
