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Najib’s bank downgrades Singapore property, stocks. Naughty!
Guess which bank is forecasting 22-26% declines in property prices? Instituted downgrades for Keppel Land and Capitaland? Predicting a 34% drop in stock market prices? Why it's none other than CIMB, that paragon of Malaysian banking that - prior to Najib's ascension to the PM-hood was hardly on anyone's radar - has now issued a highly social-media friendly press statement that will guarantee lots of awareness, discussion, sell-calls and possibly some white paint on CIMB office walls from already-anguished ProxNex or ERA employeees. Continue reading →
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