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Singapore’s central bank says no ‘significant funds’ from Myanmar firms, citizens in city state

Singapore’s central bank on Tuesday said regular surveillance of the country’s US$2 trillion banking system showed Myanmar companies and citizens did not have “significant funds” in the city state.The announcement came as the government – under fire for its links to Myanmar’s military – attracted renewed pressure over foreign reserves purportedly deposited in the island nation.In a statement issued “in response to media queries”, the Monetary Authority of Singapore (MAS) also said that it…Singapore’s central bank on Tuesday said regular surveillance of the country’s US$2 trillion banking system showed Myanmar companies and citizens did not have “significant funds” in the city state.The announcement came as the government – under fire for its links to Myanmar’s military – attracted renewed pressure over foreign reserves purportedly deposited in the island nation.In a statement issued “in response to media queries”, the Monetary Authority of Singapore (MAS) also said that it…Read MoreSouth China Morning Post