Sales Tax Rate Revision, Service Tax Scope Expansion To Be Effective July 1, 2025 – MOF

PUTRAJAYA, June 9 (Bernama) -- The government will implement a revision of the Sales Tax rates and an expansion of the Service Tax’s scope effective from July 1, 2025, in order to strengthen the country’s fiscal position by increasing revenue and broadening the tax base.

Concerns Over US Fiscal Position Dampen The Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, May 30 (Bernama) -- The US dollar continues to weaken, pressured by concerns over the United States (US) fiscal outlook, including rising debt, widening deficits and increased government spending, alongside trade tensions and shifting global investments.

Ringgit Closes Higher Against Greenback Amid Sudden US Trade Policy Shifts, Fiscal Concerns

By Zufazlin Baharuddin

KUALA LUMPUR, May 26 (Bernama) -- The ringgit continued its upward momentum to close higher against the United States (US) dollar today as sudden shifts in US trade policies and growing concerns over the US fiscal policy pushed the US dollar index (DXY) lower.

Gold Futures Likely To Trade Range-bound With Upward Bias Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 24 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are likely to trade range-bound with an upward bias next week.

Ringgit Set To Stay Firm With Upside Bias Against USD Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 24 (Bernama) -- The ringgit is expected to stay firm with an upside bias against the greenback next week, ahead of the release of US central bank meeting minutes and the US personal consumption expenditures inflation report.

Malaysia's Fiscal Consolidation Remains On Track With Lower 1Q Deficit

KUALA LUMPUR, May 22 (Bernama) -- The federal government’s fiscal deficit decreased to RM21.9 billion in the first quarter of 2025 (1Q 2025), compared to RM26.4 billion in the same period last year, indicating that fiscal consolidation remains on the right track.

Govt Mulls Special Package For Businesses After US-Malaysia Negotiations - Tengku Zafrul

KUALA LUMPUR, May 6 – The Investment, Trade and Industry Ministry (MITI) will consider introducing a special incentive package for businesses affected by United States (US) tariff after assessing its impact, in addition to evaluating its effect on the country’s fiscal position.

Special Package For Businesses To Be Considered After US-Malaysia Negotiations - Zafrul

KUALA LUMPUR, May 6 – The Investment, Trade and Industry Ministry (MITI) will consider introducing a special incentive package for businesses affected by United States (US) tariff after assessing its impact, in addition to evaluating its effect on the country’s fiscal position.

MADANI Economy indicators Record Positive Achievements Thus Far -- Dr Zaliha

KUALA LUMPUR, March 13 (Bernama) -- Indicators that determine the success of the MADANI Economy framework have shown positive achievements thus far, said Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa. 

13MP Document In Final Stages, To Be Tabled In Parliament In July 2025 – Hanifah

KUALA LUMPUR, March 11 (Bernama) -- The Ministry of Economy is finalising the 13th Malaysia Plan (13MP) document, which is expected to be tabled in Parliament next July, said Deputy Minister Datuk Hanifah Hajar Taib.

Govt Has No Plans To Lower Corporate Income Tax -- MoF

KUALA LUMPUR, March 4 (Bernama) -- The government does not intend to lower the corporate income tax rate to attract more foreign investment to Malaysia, said the Ministry of Finance (MoF).

Ringgit Firmer Against US Dollar On Sustained Hope For Fed Rate Cut

By NurulJannah Kamaruddin

KUALA LUMPUR, Feb 17 (Bernama) -- The ringgit ended higher against the US dollar, fueled by continued expectation that the US Federal Reserve (Fed) will cut interest rates.