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S-E Asian govts rev up spending as central banks retreat
Not much room for rate cuts as it might lead to currency volatility
Add BT as a preferred sourcePublished Thu, Feb 2, 2017 · 09:50 PM
Singapore
GOVERNMENTS in South-east Asia are ramping up spending just as central banks are putting away their policy-easing tools.
From Thailand to Malaysia, states are boosting budgets for railways, roads and other infrastructure projects to help bolster growth in a region facing uncertain global markets and the threat of a pullback in trade under US President Donald Trump.
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