News about budget

SINGAPORE: Singapore is expecting a significant jump in the overall budget deficit this year.

KUALA LUMPUR (Nov 4): Employers say they have been caught by surprise by the government’s recent announcement that the minimum wage in major cities will be raised to RM1,200 from RM1,100 currently, given that a revision was just made at the start of the year.

PETALING JAYA (Oct 31): Budget hotels are hoping that an app will help them to counter the increasing popularity of Airbnb accommodation online travel agencies.

KUALA LUMPUR (Oct 30): A Hong Kong daily has reported that Malaysia is “luring foreign buyers” of unsold homes, “targeting wealthy mainland Chinese and Hong Kong residents”.

EdgeProp.

KUALA LUMPUR: Economist Muhammed Abdul Khalid criticised the finance ministry’s decision to acquire four urban tolled highways for RM6.

KUALA LUMPUR (Oct 16): The implementation of RM1,200 minimum wage a month as proposed in Budget 2020 should be revised higher, unless Cabinet ministers themselves could live with that level of salary, said PKR lawmaker Wong Chen [PH-Subang].

KUALA LUMPUR (Oct 16): TA Securities Research has upgraded the property sector to "Overweight" (from Neutral) and said since August 2019, developers' share prices were heavily bashed down amid concerns on rising property overhang and slow property demand due to financing issues.

KUALA LUMPUR (Oct 15): Real Estate and Housing Developers’ Association (Rehda) president Datuk Soam Heng Choon is of the view that there is not much in Budget 2020 for the property sector, as many of the measures listed are already in place.

PETALING JAYA (Oct 15): Paramount Property Development Sdn Bhd lauded the government’s move to lower the property price threshold for foreign ownership as this is a good way of managing market inventories while welcoming global citizens to Malaysia, thus creating vibrancy to the market.