KUALA LUMPUR, Malaysia - Malaysia cut fuel and sugar subsidies Friday, the first in a series of "difficult" reforms aimed at saving the government more than 750 million ringgit ($230 million) this year to curb its swollen budget deficit. However, analysts warned the move was politically risky for Prime Minister Najib Razak, who has struggled to shore up support for his National Front coalition ahead of general elections due by 2013. In a statement late Thursday,...
Full Story: China Daily
