SINGAPORE M-1 MONEY SUPPLY 2.7 PCT UP IN JANUARY Singapore's M-1 money supply rose 2.7 pct in January to 10.09 billion Singapore dlrs after a 3.7 pct increase in December, the Monetary Authority of Singapore said. Year on year, M-1 grew by 15.6 pct in January compared with an 11.8 pct growth in December. The January rise was largely seasonal, reflecting an increase in currency in active circulation prior to the Lunar New Year. Currency in active circulation rose to 5.42 billion dlrs from 5.03 billion in December and 4.84 billion a year ago. The demand deposit component of M-1 dropped in January by 4.67 billion dlrs from 4.79 billion in December and compared with 3.89 billion in January, 1986. Broadly-based M-2 money supply rose 1.1 pct to 31.30 billion dlrs in January, after a 1.6 pct rise in December, bringing year on year growth to 12.1 pct in January against 10.0 pct in the previous month.