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Thailand: Finance minister quells bubble talk

Finance Minister Apisak Tantivorawong has rushed to dispel concerns that there is a local property bubble. Developers typically trim supply if a bubble forms to prevent losses, but they are continuing to introduce a large amount of supply, which suggests they believe demand will prevail, he said. However, the central bank must analyse the risks […]

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Malaysia: Higher budget deficit seen

KUALA LUMPUR: The budget deficit target for 2019 could be raised to 3% of gross domestic product (GDP) from the targeted 2.8% this year, Socio-Economic Research Centre’s (SERC) executive director Lee Heng Guie (pic) says. “I believe the deficit will be at a slightly higher level than the 2.8% mainly due to the lower revenue […]

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