The Economic Times, 9 Oct 2008
DUBAI: Banks in ASEAN countries are not short of capital as they have a limited exposure to subprime loans and the finance systems are not facing the kind of issues plaguing the West, the Finance Minister of Singapore has said.
"The current crisis will certainly impact value of assets across the board but the fault lines do not lie in Asia," Tharman Shanmugaratnam said yesterday while speaking at the sidelines of the 5th ASEAN Finance Ministers' Investor Seminar here.
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