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Najib May Extend Handouts as Malaysia Vote Nears: Southeast Asia
www.bloomberg.com
[Bloomberg] - “Expenditure will likely be reallocated to groups that deliver the best political bang for the buck,” said Kit Wei Zheng, a Singapore-based economist at Citigroup. “With the threat of credit rating downgrades, unless progress is made on fiscal
S'pore's March PMI bodes well for manufacturing
www.businesstimes.com.sg
[Business Times (subscription)] - Still, 'trimming of inventories should be a positive sign for production and GDP in the coming quarters as it increases the need for restocking,' says Citigroup economist Kit Wei Zheng. It does at least mean that the risks of a hard fall are mitigated
Google News: Singapore unemployment rate falls to 14-year low
[TODAYonline] - However, Citigroup economist Kit Wei Zheng disagreed that productivity improvements had made the Singapore manufacturing sector competitive and put it down to "an expansion" in the biomedical sector in the third to fourth quarter.
KL's RM minimum wage plan out this month
www.businesstimes.com.sg
[Business Times (subscription)] - 'It's clear that elections are the motivation but what is unclear is if this will be a blanket minimum wage or whether it will be differentiated by sectors or by state,' said Kit Wei Zheng, an economist at Citigroup Inc in Singapore.
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