In 2022, consumption demand for goods and services by households is expected to be supported by expectations of improved employment conditions, while the projected growth in private investment activities and the implementation of the 12th Malaysia Plan will further augment domestic demand

The government is currently considering options to reduce the reliance on direct taxes and widen the revenue base by shifting to consumption-based tax under the Medium-Term Revenue Strategy (MTRS) framework

The growth trajectory in 2022 will also be based on expectations of further expansion in global and domestic activities, fuelled by broader vaccine coverage and a further improvement in goods trade amid a slower recovery in services trade, said the Ministry of Finance in its 2022 Fiscal Outlook report

Malaysian households borrow 41.6% more in 2021

Mean salaries and wages declined 9% to RM2,933 from RM3,224 in 2019, relegating many households’ incomes in the middle 40% (M40) category to bottom 40% (B40).

The recovery actions, the report said, consisted of negotiations with related parties, legal proceedings and civil suits, enabling the government to reduce the financial impact from 1MDB’s liabilities on the fiscal position

KUALA LUMPUR (Oct 29): The Health Ministry reported 6,060 new Covid-19 cases on today, cumulative infections at 2,460,809.

Its quarterly revenue declined by 4.55% to RM113.32 million from RM118.72 million a year ago.

The former premier and his son's notice of motion for leave to appeal followed the Court of Appeal's Sept 9 dismissal of their appeal over the summary judgement that was entered on them by upholding the High Court decision.

Health Minister Khairy Jamaluddin: For Pfizer recipients you will be recommended a homologous booster i.e. a Pfizer third dose after six months of your second dose. For Sinovac recipients, you will be recommended a Pfizer booster three months after your second dose. We are now starting with frontliners and older folks.