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Malaysia must avoid 'boom-bust' cycles to finally claim Asian Tiger status, central bank governor says

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Governor of the central bank of Malaysia Abdul Rasheed Ghaffour said his country is nearing Asian Tiger status, but must avoid pitfalls of widening inequality.

Malaysia is enjoying a semiconductor industry boom and "diversification" of its economy.

He warned Malaysia and its neighbors to prepare for economic uncertainty with the looming U.S. election.