Singapore's asset management industry withstood the crisis well, exceeding the standards of the general market, said Kola Luu, an executive director at the Monetary Authority of Singapore (MAS).

In remarks to a foreign exchange forum in early February, Luu, who is in charge of financial markets strategy at the central bank, said that corporate bond markets were also picking up. "Singapore is widely regarded by well-reputed companies from the US, Europe and Asia-Pacific as a key location for