GST: Tiptoeing into structural deficit

By Lim Kim-Hwa

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In the Penang Monthly article published in September 2013 (“Asian financial crisis act II?”1 ), it was concluded that the similarities between the mid-1990s and today in Asia are eerily close, but a full blown financial crisis is pretty unlikely since economic stress has yet to develop to a critical state. A gradual and competitive devaluation of currencies in Asia, however, is more likely to occur. And with recent movements in the foreign exchange markets, it is time to revisit...

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Lim Kim-Hwa

is Chief Executive Officer of Penang Institute