The Winners and Losers of Malaysia's 2018 Budget

Malaysian Prime Minister Najib Razak on Friday announced a 280 billion ringgit ($66 billion) spending plan in the final budget before general elections take place in the next 10 months.

Najib Razak

Photographer: Charles Pertwee/Bloomberg
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Malaysian Prime Minister Najib Razak on Friday announced a 280 billion ringgit ($66 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.