Fallout from Dubai will be contained: PM Lee By Imelda Saad, Channel NewsAsia | Posted: 30 November 2009 1234 hrs
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SINGAPORE: Prime Minister Lee Hsien Loong said Monday the Singapore government is tracking the Dubai debt crisis that happened over the weekend.
He told the media that the potential fallout remained unclear, but felt that it would be contained.
"The international financial markets are linked, this may change some of the sentiments and it may knock some of the air out of the stock markets which had risen very rapidly," PM Lee said.
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