Malaysian PM Najib Razak introduces 6% consumption tax

By Jeremy Grant Malaysia is to introduce a consumption tax and cut a key levy on business as the government of Prime Minister Najib Razak seeks to assuage investor anxiety over a widening fiscal deficit while shoring up domestic political support with cash handouts for the poor. In his first budget since narrowly winning a … Read moreMalaysian PM Najib Razak introduces 6% consumption tax