Malaysians hoping for a boost from next month’s budget should brace themselves for disappointment, economists warn, as Prime Minister Anwar Ibrahim’s room to hand out cash and subsidies shrinks with US tariffs starting to bite.
Anwar, who is also finance minister, is expected to present a budget on October 10 that bolsters small and medium-sized businesses and scales up Malaysia’s capabilities in the semiconductor, electric vehicles and rare earths sectors.
But the projected fall in US demand...