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Property Stimulus Measures `the Right Approach', Says Thai Central Banker.
Byline: Parista Yuthamanop
Mar. 3--Stimulating the property sector is the right approach to help bolster a recovery in private investment, according to M.R. Pridiyathorn Devakula, governor of the Bank of Thailand.
He said continued growth in the property sector would translate into growth in other industries, such as the construction sector and building and furnishings industries.
Low interest rates and favourable state tax incentives have led to strong growth in the property sector over the past year.
Property development companies were among the strongest performers in the Stock Exchange of Thailand in 2002, gaining 70 percent for the ...
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