News about 2019

There seems to have been an increase in the number of opinion pieces and articles prognosticating a gloomy future for the Malaysian economy in 2019.

PETALING JAYA (Dec 31):  Malaysia’s revised Real Property Gains Tax (RPGT) rates that take effect from Jan 1, 2019, will dampen market sentiment and sales in the near term, according to industry players.

Malaysians started 2018 full of apprehension.

KUALA LUMPUR (Nov 20): The government, which has proposed to sell its non-strategic assets to raise funds, will ensure that Bumiputera participation remains in these assets after the sale, said Economic Affairs Minister Datuk Seri Azmin Ali.

Gamuda Bhd (Nov 16, RM2.

KUALA LUMPUR (Nov 13): Finance Minister Lim Guan Eng said today luxury car owners will not receive petrol subsidies from the government as announced under Budget 2019 even though their vehicle engines have capacities of 1,500cc and below.

  KELANA JAYA (Nov 13): The Housing and Local Government Ministry (KPKT) should take the initiative to work with the private sector to promote the rent-to-own concept or other alternatives to encourage homeownership without over-stretching the finances of individuals instead of increasing affordable housing supply, said Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.

KUALA LUMPUR (Nov 12):  Finance Minister Lim Guan Eng today explained that the new homesownership platform initiative provides Malaysians with another option towards owning a home.

KUALA LUMPUR (Nov 6): The 2019 Budget's emphasis on addressing the stock of government debt and contingent liabilities is likely to narrow fiscal space and prevent public investment from driving economic activity as it did before, said the World Bank Group.

KUALA LUMPUR (Nov 6): Hospitality player Low Yat Group today urged the Government to regulate short-term stays to curb the issue of accommodation oversupply in the hospitality and tourism industry.