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.
SEMENYIH (Nov 4): Prime Minister Tun Dr Mahathir Mohamad believes that the FundMyHome innovative homeownership scheme could help the government reach its one million affordable homes target within 10 years as promised by Pakatan Harapan government.
PETALING JAYA (Nov 2): The increase in stamp duty rates for the transfer of property valued RM1 million and above as well as the imposition of Real Property Gains Tax (RPGT) on future property sales have increased the entry and exit costs for property ownership which might dampen investors’ interest, said Savills Malaysia managing director Datuk Paul Khong.
KUALA LUMPUR (Oct 1): The Pakatan Harapan (PH) government in Putrajaya will not cancel all directly negotiated public-private partnership (PPP) projects undertaken by the previous administration, Finance Minister Lim Guan Eng assured today.
PETALING JAYA (Sept 24): The government will continue to compensate highway concessionaires for not raising their toll fares as it seeks to fulfill its election promise of abolishing tolls, said special officer to the Finance Minister Tony Pua.