The new Malaysia Government has only been formed six days ago. However, they have long published a 150-page manifesto to guide them to achieve their objective for the next 5 years.
We dug through the manifesto to better understand what is the government’s plan for the future and how these policies might affect many of the companies listed on Bursa Malaysia.
Here are 10 companies which we feel might benefit from the policies set out in the new manifesto.
The 6% Good and Service Tax (GST) implemented by the previous administration have been blamed for much of the inflation suffered by Malaysian in the past few years.
A key objective of the new government is to abolish the GST regime. This could help in reducing the prices of daily items for the people. Thus, consumer staples companies might see a direct benefit once the regime is abolished.