KUALA LUMPUR: The consumer sector is expected to be the main beneficiary of the 2027 Budget supported by expanded individual income tax relief and lower tax rates that could boost the spending power of middle-income Malaysians, said Rakuten Trade Sdn Bhd.
Its head of research, Kenny Yee, said the consumer segment is the ultimate winner from the budget's sweetener overload.
Beyond the extended cash handouts and wider tax reliefs, Yee said the recalibration of personal income tax could unleash potent spending power among middle-income households.
"Having waited more than 10 years for these adjustments, we believe they also provide an overdue 'feel-good' factor for the market," he said in a statement.
