MAS uses new mechanism to transfer S$75b of excess foreign reserves to Govt for GIC to invest long-term - TODAY

SINGAPORE — The Monetary Authority of Singapore (MAS) has used a newly-created mechanism to transfer S$75 billion of excess official foreign reserves (OFR) to the Government to be invested by GIC, Singapore's sovereign wealth fund, which would tend to achieve…

SINGAPORE The Monetary Authority of Singapore (MAS) has used a newly-created mechanism to transfer S$75 billion of excess official foreign reserves (OFR) to the Government to be invested by GIC, Sing… [+2858 chars]

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