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Worst Southeast Asian stock market may be buoyed by Budget 2018


MALAYSIA’S government spending could revive gains in the stock market that is Southeast Asia’s worst performer despite receiving the most foreign investment in the region.

The 2018 budget to be released on October 27 is likely to include an increase in cash handouts and infrastructure spending that will filter through to consumption stocks, builders and construction material suppliers, said Rudie Chan, the chief investment officer who oversees RM40bil (US$9.5bil) at Eastspring Investments Bhd in Kuala Lumpur. 

Corporate News , Economy

   

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