INVESTORS hoping there would be outright sector beneficiaries for Malaysia’s largest stimulus package would have been disappointed. A large portion of the package were “rakyat centric” (rightly so) and targeted at reducing the burden of the people.
“The economic stimulus package of RM250bil benefits four million households and the SME sector. Everyone benefits from this second supplier budget. The biggest impact of this well-thought-out economic stimulus package is that it instills confidence of retail and institutional investors, ” says former investment banker Ian Yoong.
He adds that if the second supplementary budget had not been announced, the biggest casualty would have been the consumer sector. This economic stimulus package, therefore, assuage the concerns of the rakyat, mainly the B40 and to a lesser extent the M40.
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