A gloomy outlook across the Causeway
Internal and external factors will conspire to create a fiscally tough year ahead for Putrajaya
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Kuala Lumpur
BY early December, many signs were already pointing to a bleak 2015 for the Malaysian economy. If anything, the major floods in its east coast around Christmas which triggered the evacuation of nearly a quarter million people only exacerbated matters.
About RM550 million (S$207.4 million) has been set aside for flood relief, but the true cost of the worst floods in decades will be known only in the coming months.
