Singapore's central bank posts first ever loss

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A fall in the value of most asset classes hit investments held by the Monetary Authority of Singapore (MAS) and pushed it to its first ever loss of S$9.2bn ($6.3bn), an amount equivalent to 3.5% of its total assets.

This negative result compares unfavourably with the last five years when MAS reported profits of between S$1.2bn to S$7.44bn.

However it appears confident that things are picking up as global equity markets recover some of the ground lost over 2008, with Heng Swee Keat, the managing

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