SINGAPORE - The Monetary Authority of Singapore (MAS) has announced the reappointment of four members to its Board of Directors from the first of next month (June 1).

Minister for Trade and Industry (Trade) Lim Hng Kiang has been reappointed for a term of three years as a member and Deputy Chairman of the Board, MAS said in a release issued on Monday.

Mr Lim Chee Onn, senior international advisor to Ascendas-Singbridge Group, Mr Peter Ong Boon Kwee, head of Civil Service and Permanent Secretary (Prime Minister's Office)(Strategy), and Prof Tan Chorh Chuan, president of National University of Singapore have been reappointed for two years each.

The Board is chaired by Deputy Prime Minister Tharman Shanmugaratnam, while its other members comprise Finance Minister Heng Swee Keat, Minister for National Development Lawrence Wong, deputy president of Council for Estate Agencies Quek See Tiat, Attorney-General V K Rajah and MAS managing director Ravi Menon.

Correction note: An earlier version of this article stated that the Monetary Authority of Singapore reappointed four members to its Board of Directors. It was actually the President that reappointed the members. We are sorry for the error.