Rehda Malaysia president Datuk Soam Heng Choon: Rehda welcomes the [stamp duty exemption for first residential home] as part of the government’s initiative to encourage homeownership amongst the Rakyat, which was also our Budget Wish list to the government.

Full stamp duty exemption on Memorandum of Transfer and loan agreement for the first home priced below RM500,000. This is for agreements inked from January 2021 to December 2025

Sabah continues to post the highest number of cases nationwide with 1,199 cases

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz: The government has placed the priority on protecting the people above all else.

Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the grant was in addition to their monthly RM600 COVID-19 Special Allowance given since March, and will continue until the pandemic threat is successfully overcome.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the withdrawal facility aims to assist members who have lost their jobs, and the move is expected to alleviate the financial burden of 600,000 affected members. 

“Better job prospects on an improving economy will also improve household spending, as well as recovery in tourism-related sectors will contribute to better private consumption next year,” MoF wrote.

The government's Covid-19 stimulus packages are expected to contribute over four percentage points to GDP growth, according to the Economic Report, noting that the government's all four stimulus packages, comprising fiscal and non-fiscal measures, totalled RM305 billion or 21% of the nation's GDP.

The country’s fiscal deficit is anticipated to widen to 6% of GDP due to the implementation of economic stimulus packages and recovery plans, in addition to a lower GDP estimate and global crude oil prices.

“[Malaysia’s] labour market [is] showing signs of recovery,” the MoF said.