KUALA LUMPUR, Oct 23 – Prime Minister Datuk Seri Najib Razak who is also Finance Minister announced today that the 2016 Budget has a special aid allocation of RM500 for civil servants. He said that the allocation involves 1.3 million government employees to the tune of almost RM1 billion and will be disbursed
KUALA LUMPUR, Oct 23 – In 2016, the 1Malaysia People’s Aid (BR1M) assistance for households with monthly income of RM3,000 and below, will be increased from RM950 to RM1,000. Prime Minister Datuk Seri Najib Tun Razak, when tabling Budget 2016 at the Dewan Rakyat here today, said the BR1M assistance for
KUALA LUMPUR, Oct 23 – Prime Minister Datuk Seri Najib Tun Razak has outlined measures the government is taking to safeguard the Malaysian economy given the challenging global environment. This year, Najib said in a statement on the eve of unveiling the 2016 budget in the Dewan Rakyat that they have been focused
KUALA LUMPUR, Oct 23 – DAP’s Lim Guan Eng expressed disappointment said today that the budget that tabled by the prime minister does not reduce Malaysians’ financial burden which it did not abolish of the Goods and Services Tax (GST). The Penang Chief Minister said Prime Minister Datuk Seri Najib Razak did not
KUALA LUMPUR, Oct 23 – The government has implemented measures to support rubber smallholders income and increase production in order to safeguard their well-being due to the declining prices. Some of the measures included the Rubber Production Incentive (IPG) and Rubber New Planting and Replanting Programme (TBTSG). The IPG scheme, which
KUALA LUMPUR, Oct 23 – Government revenue would have been lower by RM21 billion in 2016 if not for the Goods and Services Tax (GST). Prime Minister Datuk Seri Najib Tun Razak said if the Sales and Services Tax (SST) has been retained, the collection for the year is estimated at
The 2016 Budget Speech By YAB Dato’ Sri Mohd Najib Tun Haji Abdul Razak Prime Minister And Minister Of Finance, on 23 October 2015 “PROSPERING THE RAKYAT” Mr. Speaker Sir, I beg to move the Bill intituled “An Act to apply a sum from the Consolidated Fund for the service
KUALA LUMPUR, Oct 23 – Malaysia’s nominal Gross National Income (GNI) per capita is expected to increase by 5.6 per cent to RM38,438 in 2016 from RM36,397 in 2015 on the back of steady economic growth. The Ministry of Finance (MOF) said Gross Domestic Product (GDP) is expected to remain steady
KUALA LUMPUR, Oct 23 – The Federal Government debt remains within prudent limit, and is well capped at 55 per cent to Gross Domestic Product (GDP), placing Malaysia among medium-indebted countries. The Finance Ministry, in its 2015/2016 Economic Report released today, said as at end-June 2015, Federal Government debt, comprising the
KUALA LUMPUR, Oct 23 – The large number of registrants under the Goods and Services Tax (GST) including voluntary registrants is a positive indication that businesses are becoming more tax-compliant as they begin to realise the benefits of registering under the GST system. The report was issued in conjunction with
KUALA LUMPUR, Oct 23 – The Ministry of Finance (MOF) said today at Dewan Rakyat here about the indirect tax is forecast to surge by 42.2 per cent to RM53.3 billion, driven by the introduction of the Goods and Services Tax (GST). It said since its implementation, the number of registered companies have
KUALA LUMPUR, Oct 23 – The Malaysian economy is expected to remain on a steady growth next year, expanding between four per cent and five per cent. The Ministry of Finance said against the backdrop of increased uncertainty in the global economy, growth in the Malaysian economy would be driven by
KUALA LUMPUR, Oct 23 – Following are highlights of the 2015/2016 Economic Report issued by the Finance Ministry Datuk Seri Najib Tun Razak who is also Prime Minister in conjunction with the tabling of the Budget 2016 here today at Dewan Rakyat. * Goods and Services Tax (GST) to rake
KUALA LUMPUR, Oct 23 – Prime Minister Datuk Seri Najib Tun Razak who is also Finance Minister said today at Dewan Rakyat here about the economic, financial and fiscal reforms undertaken over the years have strengthened the domestic economy’s resilience to weather shocks. “The economy has diversified from being predominantly commodity-based
”Live Updates Is Over. Thank You For Your Support Towards Pocket News” [divide] RTM TV1 [divide] Budget 2016 Live Feed: [gap height=”20″] 5:45pm – PM Najib had concludes his tabling of budget at the Parliament. 5:40pm – The 2016 Budget allocates a total of RM267.2 bln compared with the revised RM260.7 bln in
KUALA LUMPUR, Oct 23 – Twenty-three areas recorded unhealthy Air Pollutant Index (API) readings as of 12 pm Friday. According to the Department of Environment’s portal, the areas were Langkawi (165); Bakar Arang (161); Seberang Jaya 2 (160); Alor Setar (153); USM, Penang (152); Kangar (147); Perai (138); and Seri Manjung (135). Other areas with unhealthy air quality were S
KUALA LUMPUR, Oct 23 – Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak said here on Thursday that Malaysia has managed to place itself at the fourth spot on the Affordable Internet Index 2015. Salleh said in his latest blog post Thursday that the spot which was categorised under the
KUALA LUMPUR, Oct 23 – Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi who is also the home minister said on Thursday that police have been opened three investigation papers on complaints lodged against former Prime Minister Tun Dr Mahathir Mohamad. He said there was two of the papers were related to
PARLIAMENT, Oct 23 – Finance Minister Najib Abdul Razak in a written reply here on Thursday that the government will not bear any extra cost for the MRT project despite the ringgit’s plummeting value on the currency market. Instead, he said the cost so far was with the totalling of RM600,000 that would be borne by the contractors
PUTRAJAYA, Oct 22 – The Health Ministry said outdoor functions or activities must be avoided if the Air Pollutant Index (API) readings exceeds the unhealthy level of 100. Health director-general Datuk Dr Noor Hisham Abdullah said in a statement here on Wednesday that the events planned before the haze hit should be postponed or
