A Trader's Guide to Navigating Malaysia's 2025 Budget Plan [Yahoo! Finance]
SUMITOMO MITSUI TR S/ADR (SUTNY)
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Source: Yahoo! Finance
(Bloomberg) -- Malaysia's consumer and construction stocks are set to benefit as the government seeks to boost wages and sustain economic growth with its spending plan for next year. Most Read from Bloomberg Prime Minister Anwar Ibrahim, who doubles as finance minister, will likely deliver measures to lower the cost of living and several infrastructure projects when he unveils the country's budget on Oct. 18. Analysts also expect details on plans to remove blanket fuel subsidies and potentially new levies including a sugar-sweetened beverage tax to fund an expansionary budget after the premier ruled out any near-term re-implementation of the goods and services tax. Further fiscal and policy reforms will be crucial to lift investor confidence and draw more investments into the country's new growth drivers. That will bode well for the ringgit, which has weakened about 4% this month, and local stocks. “The government has clearly surprised on the upside by delivering growth in Ma
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