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US rate hikes pose risks to emerging Asia but banks generally sound: MAS

Longer-term outlook for Asia remains sanguine; rapid expansion of its middle class and regionalisation of Asian corporates will benefit banks

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Mr Menon: "Asia is poised to remain the fastest-growing and most dynamic region in the world"

Singapore

THE hiking of interest rates in the US poses risks to emerging Asia's consumers and corporates, but the region's banks are generally sound and should be able to weather it, said Monetary Authority of Singapore (MAS) managing director Ravi Menon.

The overall growth in