Malaysia budget: Anwar to spend US$19b on subsidies, middle class gets income tax cut

Malaysia’s government will boost spending on social welfare while maintaining subsidies to rein in the cost of living under its 2027 Budget unveiled on Friday, as Prime Minister Anwar Ibrahim seeks to shore up public support while under pressure to call for an early general election. Anwar’s Pakatan Harapan (PH) has suffered bruising defeats in a series of state elections since December, as voters expressed disapproval of his administration’s failure to deliver on promises of reforms, which had...