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Najib's Budget fails to cheer market

Analysts see incremental handouts having limited impact amid headwinds facing Malaysia

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Mr Najib with Second Finance Minister Ahmad Husni Hanadzlah (left) and Deputy Finance Minister Johari Abdul Ghani, on Malaysia's budget day. The budget is themed "Prospering the People".

Kuala Lumpur

DESPITE many giveaways, Malaysia's stock market found little to cheer in Budget 2016 as investors and consumers remained cautious whether the incremental handouts would be sufficient in the face of internal and external headwinds.

The budget, themed "Prospering the