KUALA LUMPUR, Oct 13 — The move to rationalise subsidies will be implemented in stages beginning next year, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Oct 13 — The government will allocate up to 10 per cent of the total investment in the New Industrial Master Plan (NIMP) 2030 as a catalyst to drive the plan’s mission, with an initial RM200 million fund in 2024.

KUALA LUMPUR, Oct 13 — Based on the framework of the Madani Economy, the unity government has provided RM393.8 billion for Budget 2024 in an effort to strengthen the national economy, accelerate the business sector and at the same time achieve a balance of fiscal support and prudent spending despite the current global challenges.

By Danial Dzulkifly SHAH ALAM, Oct 13 — The Federal government has allocated RM11.8 billion in Budget 2024 for flood mitigation efforts nationwide, which includes the Sungai Langat flood mitigation project (RTB) Phase 2 in Selangor. During its tabling in the Dewan Rakyat today, Prime Minister...

By Amar Shah Mohsen SHAH ALAM, Oct 13 – Starting next year, the country’s service tax will be increased by two percentage points to 8 per cent, Prime Minister Datuk Seri Anwar Ibrahim told the Dewan Rakyat today. To ensure the move does not burden the public, Anwar said the new rate will not...

KUALA LUMPUR, Oct 13 — A sum of RM393.8 billion or 19.9 per cent of gross domestic product (GDP) is allocated for Budget 2024, with a large chunk of the amount going to three ministries, Finance, Education and Health, collectively accounting for 42.3 per cent of the total.

KUALA LUMPUR, Oct 13 — Prime Minister Datuk Seri Anwar Ibrahim will be tabling the Malaysia Madani 2024 Budget at Dewan Rakyat this afternoon.

KUALA LUMPUR, Oct 13 — The ringgit traded higher against most major currencies except against the US dollar in the early session today as the greenback strengthened amid the higher-than-expected US inflation data, said an analyst.

PUTRAJAYA, Oct 12 — Prime Minister Datuk Seri Anwar Ibrahim today expressed the highest appreciation for the sacrifices made by the Treasury team, which he described as extraordinary and dedicated, in preparing the national 2024 Budget, as well as the economic report and fiscal outlook.

PUTRAJAYA, Oct 11 — The implementation of tax exemption for sports training costs or fees is one of the Ministry of Youth and Sports (KBS) priorities through the Budget 2024 that will be tabled this Friday.

KUALA LUMPUR, Oct 10 — The ringgit experienced a slight increase in value against the US dollar when trading ended today, with most traders eagerly anticipating goodies from Budget 2024 which will be tabled on Friday (October 13).

KUALA LUMPUR, Oct 10 — The Ministry of Entrepreneur Development and Cooperatives (Kuskop) has guaranteed that appropriate action is being taken against weaknesses pointed out as well as the recommendations in the Auditor-General's Report (LKAN) 2021 on the small and medium enterprise (SME) programme development grant.

KUALA LUMPUR, Oct 10 — The National Audit Department has submitted three recommendations to the government for the Federal Government's Financial Statements for the year ending on December 31, 2022.

KUALA LUMPUR, Oct 10 — The government recognises the need to expand rice cultivation areas in Sabah and Sarawak to boost the rice supply and ensure national food security.

KUALA LUMPUR, Oct 10 — Malaysia’s resilient domestic demand and a larger development expenditure outlined in the second phase of the 12th Malaysia Plan “will underpin robust medium-term growth of between  4 and 5 per cent,” according to Fitch Ratings.

KUALA LUMPUR, Oct 10 — Sustainable Aviation Fuel (SAF) should be a central focus in the Budget 2024 to encourage environmental sustainability in the aviation and aerospace industry in line with Malaysia’s goal to meet environmental, social and governance (ESG) commitments.

KUALA LUMPUR, Oct 9 — Kenanga Investment Bank Bhd expects the government to project a higher gross domestic product (GDP) growth target in 2024, potentially between 5.0 per cent and 5.5 per cent.

KUALA LUMPUR, Oct 9 — The Plantation and Commodities Ministry (KPK) has submitted seven proposals to strengthen and ensure the sustainability of agriculture industries for the Finance Ministry’s consideration for Budget 2024, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, Oct 9 — The initiatives under Budget 2024 should focus on strengthening the competitiveness of the manufacturing industry, especially for small and medium enterprises (SMEs), in terms of mitigating the impact of global economic slowdown, inflationary cost pressures and enhancing productivity by increasing digitalisation and supporting the green growth and sustainability agenda.

KUANTAN, Oct 8 — The proposal for a RM300 increment in wages for civil servants in Budget 2024 is reasonable given that the last time their salaries were raised was about 10 years ago, said the Congress of Unions of Employees in the Public and Civil Services (Cuepacs).