Reuters, William Pesek
Prime Minister Najib Razak says his 2018 “mother of all budgets” will propel Malaysia into the ranks of the world’s top economies. Its $1.5bn of handouts will enrich farmers, ishermen, rubber traders and other interests. In terms of upgrading competitiveness, it falls woefully short. Najib has talked reforms since he assumed control of the United Malays National Organisation
— the party that has dominated the country for 70 years — in 2009. He pledged to dismantle a 46-year-old programme which afforded the ethnic Malay majority preferred access to government jobs, universities and housing.
NAJIB RAZAK Malaysia Prime Minister