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Malaysia budget 2018: winners and losers as Najib courts votes

Malaysia

Malaysia budget 2018: winners and losers as Najib courts votes

Bloomberg Published on Mon, Oct 30, 2017 / 7:48 AM GMT+8

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(Oct 30): Malaysian Prime Minister Najib Razak on Friday announced a 280 billion ringgit ($90 billion) spending plan in the final budget before general elections take place in the next 10 months.

The premier lowered taxes for millions of Malaysians and increased social assistance as he gave an upbeat assessment of the economy. At the same time, those expecting corporate tax cuts were left disappointed and some toll concessionaires found themselves with fewer highways to collect from.

Here are the winners and losers.