KUALA LUMPUR (Nov 5): Three years ago, when former prime minister Datuk Seri Najib Razak, who was also the finance minister, unveiled Budget 2016, many labelled it the “Robin Hood” budget — a reference to a fictional character who took from the rich to give to the poor — simply because the personal income tax rate of those in the higher income bracket was raised.
Construction sector Maintain neutral: In the mid-term review of the 11th Malaysia Plan 2016 to 2020 (11MP), the government has cut the development expenditure ceiling to RM220 billion from RM260 billion to consolidate its fiscal position.
KUALA LUMPUR (Oct 19): CIMB IB Research has maintained its “Underweight” rating on the construction sector and said it sees muted impact on the overall sector, with no upside surprises in new contracts.
KUALA LUMPUR (Oct 19): Newly elected Port Dickson member of parliament and PKR president-elect Datuk Seri Anwar Ibrahim said the presentation of the mid-term review of the 11th Malaysia Plan (11MP) reflects the new government’s commitment towards keeping its promises of reforms to the people.
KUALA LUMPUR (Oct 19): Economists are largely positive on the updates made to the 11th Malaysia Plan (11MP) following the government’s mid-term review of the five-year road map, as the economic and governance reforms it aspires to achieve are seen as more realistic given the fiscal condition of the nation.
KUALA LUMPUR (Oct 18): Malaysia's per capita income may only breach the developed nation threshold by 2024, on the back of a projected GDP growth of between 4.
KUALA LUMPUR (Oct 18): In light of the government's continued focus on the safety of the nation, the government has introduced a new crime index measurement.