A Malaysian budget for re-election

Prime Minister Abdullah Ahmad Badawi proposes a budget that emphasises spending -- a move that surely will help him rebuilt political goodwill amidst attacks from his predecessor Mahathir Mohammed.

Malaysia unveiled a budget that will probably go down well with the populace, emphasising development spending and corporate tax breaks that has some analysts wondering if the prime minister plans to call elections next year.

ôPrime Minister Abdullah Ahmad Badawi unveiled a 2007 budget that looks designed to boost his popularity in the face of a stiff challenge from his predecessor Dr Mahathir Mohammed,ö says Tim Condon, a Singapore-based analyst at ING.

Abdullah, who is also finance minister, notes...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...