Reuters: World News: Malaysia seen delaying election, eyes new cash handout: sources

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Malaysia seen delaying election, eyes new cash handout: sources Jun 7th 2012, 04:21 KUALA LUMPUR | Thu Jun 7, 2012 12:21am EDT KUALA LUMPUR (Reuters) - Malaysian Prime Minister Najib Razak is likely to call elections from October onwards as he looks to win over voters with another round of cash handouts and a generous budget, senior government sources with knowledge of the issue told Reuters. Delaying elections from a widely anticipated June date signals Najib is concerned the ruling National Front may struggle to regain its two-thirds majority in parliament as the trade-reliant economy's growth slows amid the euro zone debt fallout. About 2.6 billion ringgit ($821 million) was allocated to poorer households earlier this year, leading the opposition to accuse the government of vote-buying ahead of what could be the most fiercely contested polls since Malaysia gained independence in 1957. The new handout under consideration would be distributed to over 5 million households ahead of the Muslim festival of Eid al-Fitr in August, the sources said.

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