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Infrastructure plans help capital markets grow

Projects such as the Singapore-KL high speed rail and China's Belt and Road initiative help companies tap into alternative funding sources.

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At US$92 billion, Singapore's local currency debt market is relatively modest in size, equivalent to about 10 per cent of total domestic bank assets, according to the Asian Development Bank.

CREDIT is the financial oil that enables economies and commercial enterprises to operate smoothly. With the onslaught of new infrastructure projects coming on stream across Asia, the development of local capital markets has become of vital importance.

Two infrastructure projects in

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