Posted inAT FinanceChinaJapanMalaysiaNortheast AsiaSouth Asia

Confidence test for Malaysia’s topsy-turvy finances

Saddled with debt and liabilities exceeding 1 trillion ringgit (US$240.3 billion) and the risk of a credit rating downgrade, Malaysian Finance Minister Lim Guan Eng had forewarned investors to expect “pain and sacrifice” upon the release of the new Pakatan Harapan government’s inaugural budget. Amid expectations of new taxes and austerity spending cuts, Lim quipped […]