Same old, same old – economists not impressed with Tengku Zafrul

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Tengku Zafrul Aziz, who has been finance minister since March last year, has not made any bold moves in the last 100 days, say economists. (Bernama pic)PETALING JAYA: Economists are lukewarm about Tengku Zafrul Aziz’s 100 days in charge of the finance ministry in the Ismail Sabri government, accusing the minister of merely continuing with policies he had implemented earlier.Shankaran Nambiar of the Malaysian Institute of Economic Research said some of the ministry’s budget priorities were misplaced and the 2022 budget not particularly bold.“The government wasn’t particularly innovative in raising tax revenue. The attempt to raise revenue through the prosperity tax was an attempt at walking on the edge. If it doesn’t discourage investment, then it’s a good risk,” he said.Nambiar felt that there was nothing much to commend Tengku Zafrul for, especially with regards to the Fiscal…