Najib set to unveil populist Budget
Malaysian Prime Minister Najib Razak is expected to announce a crowd-pleasing Budget 2018 today, which will bolster his chances for another term in office. Datuk Seri Najib set out his economic vision for the country on Tuesday, highlighting expected growth of 5.2 per cent this year. The improving economy means Datuk Seri Najib, who is also Finance Minister, will have more to spend on social aid schemes.
Consecration ceremony at temple
The Loyang Tua Pek Kong temple is holding a consecration ceremony for the Sri Maha Ganapathy sanctum today. Thousands of devotees, who belong to all races and religions, visit this 24-hour temple in Loyang Way regularly.
Q3 property price figures
The Urban Redevelopment Authority will release final data on third quarter property prices today, after flash estimates out earlier this month showed that prices have turned a corner. Prices in the three months to September rose 0.5 per cent from the previous quarter, according to the flash data, the first overall rise in private home prices since the final quarter of 2013, when major property cooling measures began taking effect.