Najib's Budget fails to cheer market
Analysts see incremental handouts having limited impact amid headwinds facing Malaysia
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 People" and billed as the most difficult for Prime Minister Najib Razak because a number of key economic objectives had to be balanced in spite of fiscal constraint, failed to lift the stock market on Monday as it closed 0.24 per cent lower with losers outpacing gainers.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
