Malaysia offers incentives to boost growth in 2020 budget

KUALA LUMPUR, Malaysia (AP) — Malaysia’s government is offering investment incentives and wide-ranging financial goodies for ethnic Malays and the poor but is hiking taxes for the rich in a smaller national budget for 2020 seen as appeasing critics in its second year in power.
The budget predicts economic growth will inch up to 4.8% from 4.7% this year as the U.S.-China trade war casts a shadow on global growth.
Finance Minister Lim Guan Eng says the 2020 budget will focus on driving