Note from Publisher
By the time subscribers receive this week’s i Capital, they would have known the contents of the 2017 Budget. Each year, announcement of the annual Budget is a big event in Malaysia, with all the major media carrying live coverage of the event followed by countless commentaries. Compared with developed countries like the US whereby announcement of the annual Budget is a non-event, the attention received by Malaysia’s annual Budget is extremely high. Why is there such a discrepancy?

The answer lies in the differing political economic systems of the two countries. The US is a market-based economy whereby prices and all major economic decisions like investment and production are determined by market forces. More importantly, the US has a strong 2-party political system where the government’s spending and revenue is subjected to all kinds of political pressures, audit and scrutiny. Also, defence spending, which is one of largest items, receives similar support in a broad sense from both ends of the political spectrum.

On the other hand, although Malaysia is also a market-based economy, it has a political system that has been dominated by one party/coalition. In a political system that relies heavily on political patronage, the annual Budget plays a very important role in determining the political future of the political parties. Under such a political system, monetary policy becomes unimportant. Lowering interest rate would benefit everyone, including those in the opposition. Therefore, although the Budget is just focused on the government’s annual revenue and spending, it receives such a great deal of attention in Malaysia.
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Non-Publication Dates

The weekly print edition of
i Capital is not published in the following 6 days in 2016.

  • 04/02/2016
  • 11/02/2016
  • 05/05/2016
  • 07/07/2016
  • 22/09/2016
  • 22/12/2016

However, will be updated as usual during the non-publication weeks.