14d ago
KUALA LUMPUR, Oct 19 (Bernama) -- The government’s RON 95 subsidiy rationalisation plan will drive Malaysia’s fiscal consolidation, however, the subsidy cost will face some upside risks if oil prices rise, according to Standard Chartered (Stanchart).
14d ago
By Abdul Hamid A Rahman
KUALA LUMPUR, Oct 19 (Bernama) -- The ringgit is expected to remain stable next week although it may face downward pressure due to the current bullish outlook of the US dollar.
14d ago
KUALA LUMPUR, Oct 19 (Bernama) -- The tabling of Budget 2025 by Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in Parliament yesterday reflected the government’s sustained commitment to fiscal responsibility and equitable growth while bolstering Malaysia’s resilience against global uncertainties, said Khazanah Nasional Bhd.
14d ago
KUALA LUMPUR, Oct 19 (Bernama) -- The expansion of the sales and services tax (SST) should help offset the projected fall in oil-related revenue to 3.0 per cent of gross domestic product (GDP) in 2025 from 3.2 per cent in 2024 on likely lower oil prices, Standard Chartered Global Research said today.
14d ago
KUALA LUMPUR, Oct 19 (Bernama) -- The increased stamp duty exemptions for micro, small, and medium enterprises (MSMEs) and the allocation of RM650 million for women and youth entrepreneurship in Budget 2025 laid a clear path for growth, said MBSB Bank.
14d ago
KUALA LUMPUR, Oct 19 (Bernama) -- The measures in Budget 2025 are set to ensure that the capital market can facilitate greater and more broad-based wealth creation, said Securities Commission Malaysia.
14d ago
KUALA LUMPUR, Oct 19 (Bernama) -- The government’s measures and incentives under Budget 2025 prioritise the nation’s competitiveness, especially in positioning Malaysia as an investment and business destination and a strong trading partner, said CGS Malaysia.
14d ago
KUALA LUMPUR, Oct 19 (Bernama) -- The Consumer Credit Act (CCA), to be tabled in the next parliamentary sitting, will address overlaps in responsibilities between regulatory authorities and reduce coverage gaps in the supervision of consumer credit providers, Bank Negara Malaysia (BNM) said.
14d ago
KUALA LUMPUR, Oct 19 (Bernama) -- Budget 2025 is a step towards accelerating Malaysia’s clean energy transition and the company is eager to participate in the Kenyir Floating Hybrid Solar Farm, said Solarvest Holdings Bhd.
14d ago
KUALA LUMPUR, Oct 18 (Bernama) – The government is proposing to raise the windfall profit levy (WPL) threshold for oil palm fresh fruit bunches (FFB) to RM3,150 for Peninsular Malaysia and RM3,650 for Sabah and Sarawak.
14d ago
KUALA LUMPUR, Oct 18 (Bernama) -- The government will continue to promote the use of 5G, especially to encourage its applications in various industries as Malaysia prepares for its ASEAN chairmanship in 2025.
14d ago
KUALA LUMPUR, Oct 18 (Bernama) -- The ringgit closed marginally higher against the US dollar today on positive market sentiment following the unveiling of the national budget, according to an analyst.