MAS’s Ong says insurance industry can aid growth

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Ong Chong Tee, the deputy managing director of the Monetary Authority of Singapore, on Monday said the development of Asia's insurance market will help manage regional risks affecting growth.

At the 11th Singapore International Reinsurance Conference, in Marina Bay Sands, Singapore, Ong said: "It has been said that central bankers are the guys who take away the punch bowl just when the party gets started. So it will be amiss of me if I do not caution that the optimistic projections for Asia's

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