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Monetary Authority of Singapore

Government Agency
Agency nameMonetary Authority of Singapore
Agency overview
Formed1971
Preceding
agencies		Board of Commissioners of Currency
JurisdictionSingapore
Operational structure
Minister
responsible		Senior Minister Goh Chok Tong,
Parent agencyPrime Minister's Office

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The Monetary Authority of Singapore (Abbreviation: MAS; Chinese: 新加坡金融管理局; Malay: Penguasa Kewangan Singapura) is Singapore's central bank and financial regulatory authority.

Monetary Authority of Singapore Video

SINGAPORE: The Monetary Authority of Singapore (MAS) recorded its biggest loss in 40 years on the back of a strong Singapore dollar. MAS recorded a net loss of S$10.9 billion for its fiscal year ended March 2011. This compared to a record net profit of S$10 billion posted last year. The central bank said excluding exchange rate effects, it achieved income and net capital gains totalling S$12.3 billion during the financial year ended March 2011. MAS disclosed these figures in its latest annual report released on Thursday. The loss comes as the foreign exchange impact from the stronger Singapore dollar exceeded the interest, dividend and valuation gains on foreign assets held. Most of MAS's assets comprise official foreign reserves. These are invested in a diversified range of foreign currency assets. During the year, the Singapore dollar appreciated against most currencies including the US dollar, Euro and Sterling Pound, but weakened against the Yen. The total assets of the central bank, including the Currency Fund, grew by S$13.85 billion to S$299.75 billion in the financial year ended 31 March 2011. In 2010, MAS tightened its monetary policy as the economy strengthened. It shifted to a modest and gradual appreciation of the exchange rate policy band in April 2010. Further tightening was undertaken in October 2010 and April 2011 as growth became more entrenched and resource constraints more binding. However a strong local currency translated into the central bank's <b>...</b>
0.72 min. | 0 user rating		 Performance of Monetary Authority of Singapore at ICBG closing dinner
5.23 min. | 0 user rating		 A panel appointed by the Monetary Authority of Singapore has put forth 15 proposed changes and additions to the Code of Corporate Governance. First published Jun 14 2011. Copyright © 2011 MediaCorp Pte Ltd. All Rights Reserved
1.57 min. | 0 user rating		 ICBG Dance Rehearsal in Bangkok (Monetary Authority of Singapore)
5.25 min. | 0 user rating		 Singapore Part 3: The Macro Economy
8.95 min. | 5.0 user rating
Assets of Islamic financial institutions expected to jump By Linette Lim | Posted: 08 June 2011 2121 hrs SINGAPORE : Assets of Islamic financial institutions are expected to grow from US$1 trillion now to US$5 trillion in the next few years, according to experts at the second World Islamic...
1.58 min. | 0 user rating

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Gold investment firm placed on MAS' Investor Alert List - TODAYonline Tweet this news
TODAYonline--Yet, even as more gold investment companies sprout here, one firm, The Gold Label, has already landed on the -Monetary Authority of Singapore's- (-MAS-) ... - Date : Wed, 22 Dec 2010 22:05:43 GMT+00:00
Practise prudence in credit matters - TODAYonline Tweet this news
TODAYonline--As for income requirements, -MAS- has stipulated a minimum of $15000 yearly for credit cards for those aged 55 and above. Anyone with an annual income above ... - Date : Wed, 22 Dec 2010 22:17:41 GMT+00:00
Where will we find more service staff? - TODAYonline Tweet this news
TODAYonline--Whereas services lagged behind manufacturing in the second quarter, the -Monetary Authority of Singapore- now forecasts that it could well expand from half of ... - Date : Tue, 21 Dec 2010 22:03:12 GMT+00:00
Singapore Growth May Slow to 5.1% Next Year, MAS Survey Shows - BusinessWeek Tweet this news
BusinessWeek--The Southeast Asian island's economy will probably expand 12.8 percent this quarter from a year earlier, the -MAS- survey showed. GDP rose 10.6 percent in the ... - Date : Wed, 08 Dec 2010 07:04:18 GMT+00:00
Singapore Factory Output Growth Exceeds Forecast - RTT News Tweet this news
RTT News---...- on track to register around 15% expansion this year. The -Monetary Authority of Singapore- expects it to expand by 4% to 6% in 2011. by RTT Staff Writer.--- - Date : Fri, 24 Dec 2010 07:00:41 GMT+00:00
MAS discourages banks from offering 'hold-mail' service - AsiaOne Tweet this news
AsiaOne--The -Monetary Authority of Singapore- (-MAS-) last month sent a circular to banks discouraging the use of hold mail except under exceptional circumstances or ... - Date : Tue, 14 Dec 2010 15:22:12 GMT+00:00
Action is calibrated - TODAYonline Tweet this news
TODAYonline--The -Monetary Authority of Singapore- (-MAS-) investigates all cases of suspected breaches of securities laws and regulations, regardless of the parties ... - Date : Wed, 22 Dec 2010 22:11:16 GMT+00:00
Boon for travellers, bane for exporters - TODAYonline Tweet this news
TODAYonline--The surge in inflation prompted the -MAS- to tighten its monetary policy on two occasions this year. In both instances, the central bank steepened the path of ... - Date : Tue, 21 Dec 2010 22:05:01 GMT+00:00
Northern Trust Wins GB£881 Million Mandate From The National Trust - Insurance News Net (press release) Tweet this news
Insurance News Net (press release)--The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the -Monetary Authority of Singapore- . ... - Date : Wed, 08 Dec 2010 13:15:25 GMT+00:00
MAS: Excess liquidity may push property prices up - H88.com.sg Tweet this news
H88.com.sg--The -Monetary Authority of Singapore- has raised concerns that low interest rates and excess global liquidity could raise Singapore's property prices. ... - Date : Mon, 29 Nov 2010 03:19:43 GMT+00:00



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