Business boosts in Mahathir's 'goodbye' budget but no parting gift

comments     Eileen Ng     Published     Updated

Prime Minister Mahathir Mohamad today provided tax boosts for businesses in his final budget after 22 years in power but offered few goodies for the man on the street ahead of impending elections.

The 77-year-old premier imposed sharp "sin tax" increases for smokers and drinkers, and dashed hopes of corporate or personal income tax cuts as well as cheaper cars under a regional free trade pact in 2005.

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