News about budget

KUALA LUMPUR (Nov 15): While the Budget 2021 has been touted to be the largest budget in Malaysia, four associations have jointly urged the government to revise the national budget to provide “sustainable and meaningful” assistance.

KUALA LUMPUR (Nov 11): Airbnb welcomed the government’s decision to expand the tourism tax to include the short-term accommodation industry, adding that the tax would be a fair and sustainable way to raise more revenue for local communities.

KUALA LUMPUR (Nov 11): Construction companies are set to benefit greatly from the projects and expenditure outlined in Budget 2021, with the Mass Rapid Transit 3 (MRT3) and the Kuala Lumpur-Singapore High-Speed Rail (HSR) viewed as being big opportunities.

KUALA LUMPUR (Nov 9): The opposition may resort to rejecting Budget 2021 if it is not amended to meet the needs of the people to overcome the Covid-19 pandemic, said opposition leader Datuk Seri Anwar Ibrahim.

PETALING JAYA (Nov 9): The government's effort in promoting public housing and affordable homes is laudable, but it is equally important to ensure the supply meets the actual market needs, said Savills (Malaysia) managing director Datuk Paul Khong.

PETALING JAYA (Nov 9): The extension of the stamp duty exemptions for instrument of transfer and loan agreement for first-time home purchase priced up to RM500,000 to 2025 is only an extension of the stamp duty exemptions provided in Budget 2019-20, says Affin Hwang Capital senior associate director, equity research Loong Chee Wei.

KUALA LUMPUR (Nov 7): Budget 2021 has been seen as bringing hope to small and medium enterprises (SMEs) and e-commerce startups.

KUALA LUMPUR (Nov 6): Budget 2021 addresses the lives and livelihoods of all Malaysians amid the backdrop of the Covid-19 pandemic, according to the chairmen of Bursa Malaysia Bhd and Khazanah Research Institute (KRI).

KUALA LUMPUR (Nov 7): The Association of Banks in Malaysia (ABM) has announced that enhancements to the targeted repayment assistance will be available to B40 borrowers who are recipients of Bantuan Prihatin Rakyat (BPR) — previously known as Bantuan Sara Hidup (BSH) — as well as microenterprises.

KUALA LUMPUR (Nov 6): While agreeing on the priority for the lower-income group, Henry Butcher Malaysia chief operating officer Tang Chee Meng is also disappointed that the property industry has received little attention from the government in Budget 2021.