Budget 2019 – the good, the bad and the ugly

Malaysia's Budget 2019 indicates greater transparency in the country's public accounts and a focus on inclusive growth, which if sustained, will be credit positive, says Moody's Investors Service.

AFTER a week since the Budget 2019 was tabled by Finance Minister Lim Guan Eng, it is perhaps a better time to reflect and review measures that were announced and its implications.

Judging by the FBM KLCI’s gains of about 7.5 points between Monday and Thursday, despite the fall in the share prices of Genting, Genting Malaysia and Malaysia Airports, which blew off almost 12 index points on the FBM KLCI, the market can be said to be generally receptive of the Budget 2019.