Putrajaya raises minimum wage to RM1,200 for urban workers
KUALA LUMPUR (Oct 11): The government has proposed to raise the minimum wage to RM1,200 per month for those in major cities only, effective 2020.
Those earning over RM2m a year to be taxed 30%
KUALA LUMPUR (Oct 11): The government will introduce a new tax band for those earning over RM2 million a year, which will see them taxed 30% — two percentage points more than the 28% currently applied to those earning over RM1 million.
Govt to proceed with Bandar Malaysia
KUALA LUMPUR (Oct 11): The government has proposed to continue developing the currently on-hold Bandar Malaysia project (pictured), after having negotiated for better terms.
Budget 2020: RPGT base year to be revised
PETALING JAYA (Oct 11): The government will revise the real property gains tax (RPGT) imposed on the disposal of properties after a five-year period, by individual citizens and permanent residents.
MoF has repaid RM1.73b of SRC's KWAP loan
KUALA LUMPUR (Oct 2): The Ministry of Finance (MoF) said it made another RM43.
Malaysia still on track to meet 3.4% fiscal deficit target this year: Finance Minister
KUALA LUMPUR (Sept 26): Malaysia is on track to meet its fiscal deficit target of 3.
HOC achieves more than RM14b in sales as at Sept 13
PETALING JAYA (Sept 26): The National Home Ownership Campaign (HOC) 2019 is believed to have achieved more than RM14 billion in sales as at Sept 13, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda).
Jomo says ECRL cancellation can be done without affecting relations with China
KUALA LUMPUR (Sept 25): Finance Minister Lim Guan Eng's concern about putting Malaysia's "national considerations at stake" is valid, but the cancellation of the East Coast Rail Link (ECRL) can still be done through proper negotiations without affecting bilateral relations with China, said prominent economist Professor Dr Jomo Kwame Sundaram.
Petronas revenue, govt fuel subsidy to increase as oil prices spike - Guan Eng
KUALA LUMPUR (Sept 17): Finance Minister Lim Guan Eng said yesterday Petroliam Nasional Bhd's (Petronas) revenue and the Malaysian government's fuel subsidy will increase after crude oil prices spiked following an attack on Saudi Arabia’s oil facilities.