I thot they already burnt,
MAS posts S$10.9 billion loss <!-- TITLE :
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SINGAPORE - Singapore's central bank lost nearly S$11 billion in
its last financial year, its biggest-ever annual loss, as the
strong local dollar reduced the value of reserves held in other
currencies, according to an annual report released on Thursday.
For the 12 months ended March 31, 2011, the Monetary Authority
of Singapore (MAS) posted a net loss of S$10.94 billion compared
with a net profit of S$9.96 billion a year ago.
"MAS made investment gains of S$12.3 billion but recorded an
overall loss of S$10.9 billion due to the strong Sing dollar,"
Managing Director Ravi Menon said at a briefing on the central
bank's annual report.
MAS in red, 11 billion lost to the west due to currency
fluctuation, our money, singaporean money, so what is the penalty
for the MD in charge?? can't he see what is coming and just let it
rot, well, from MAS building to tanjong pagar gay pubs is just a
short distance, bet he cannot wait to go down and have some fun and
pop some bottles.
And where is Nathan?? he is suppose to guard our reserve leh??
thot he said he do a lot of work?? making pratas maybe.
Wah, angel keeps track of MAS happenings. 