(Mar 13): The Monetary Authority of Singapore sought to reassure the public Friday that markets are “functioning normally” as the coronavirus crisis sparks huge sell-offs around the globe.

“The Singapore Dollar money market and foreign exchange market are functioning normally in the face of heightened volatility in global and domestic financial markets,” the central bank said in a statement Friday. The MAS “stands ready to ensure the orderly functioning of financial markets and the stability of the financial system in Singapore.”

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook