{
  "id": 14120131,
  "title": "2027 Budget: Consumer stocks poised to win as tax cuts boost spending power",
  "url": "https://urgent.news/2026/10/13/2027-budget-consumer-stocks-poised-to-win-as-tax-cuts-boost-spending",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T04:15:35.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1554285/2027-budget-consumer-stocks-poised-win-tax-cuts-boost-spending"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Rakuten Trade Sdn Bhd anticipates that the consumer sector will prosper from the 2027 Budget, fueled by heightened individual income tax relief and lower tax rates that could enhance the spending capacity of middle-income Malaysians, according to its head of research, Kenny Yee. He highlighted that the extended cash handouts, broader tax exemptions, and recalibration of personal income tax could impart a much-needed boost to the market's morale after a decade-long wait. The government's tax policies could afford roughly five million taxpayers an additional RM1,600 in disposable income, potentially stimulating consumer expenditure. The tax relief limit will rise from RM9,000 to RM12,000, while tax rates for residents earning between RM70,001 and RM100,000, and RM100,001 to RM150,000 will fall by one percentage point. The minimum wage will increase from RM1,700 to RM2,000 from June 2027, and micro, small, and medium enterprises with annual sales below RM50 million will be exempt. Moreover, the RM83 billion development expenditure allocation could bolster ongoing construction projects, with Sabah and Sarawak receiving a combined RM34.9 billion. Rakuten Trade also pointed out that eligible first-time homebuyers purchasing homes priced up to RM500,000 can benefit from full stamp duty exemption, which could spur mass-market demand and aid relevant developers. Utilities and renewable energy sectors, including Tenaga Nasional Bhd's RM15 billion investment to fortify the national grid, continue to be a focus. However, Rakuten Trade stresses that the favorable sector outlook does not ensure gains for individual stocks, and factors such as company exposure, valuations, cost pressures, and the ability to convert opportunities into earnings remain crucial considerations.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}