News about budget

The Government is implementing feasibility studies for the development of Carey Island for its next growth phase to make port Klang the Regional Maritime Center and cargo logistic hub.

PETALING JAYA (Oct 10): The government is anticipated to ink the development agreement for the long-held up controversial Penang tunnel project tomorrow morning just before the Budget 2020 tabling, sources said.

While the Malaysian government is very much focused on issues involving affordable housing, some participants of the EdgeProp.

Malaysian homebuyers are open and ever ready to consider new homeownership schemes as long as they benefit them.

Looks like property owners looking to sell their properties will have to wait at least six months before they could find a buyer, according to an EdgeProp.

Out of the 900 respondents of the EdgeProp.

It seems a large number of property owners have been disturbed by the current Real Property Gains Tax (RPGT) and they are hoping to see it reduced or removed, according to a poll conducted by EdgeProp.

PETALING JAYA (Sept 26): The Real Estate and Housing Developers' Association Malaysia (Rehda) is cautiously optimistic about the market outlook for the next 12 months and looks forward to an expansionary Budget 2020 which will be tabled on Oct 11, 2019.

KUALA LUMPUR (Sept 25): UOB Group anticipates Bank Negara Malaysia (BNM) to remain patient before making further interest rate adjustments as the nation's Budget 2020, which is expected to include expansionary measures to support the economy, will lighten the pressure on BNM to pursue another rate cut in 2019.

KUALA LUMPUR (Sept 25): Hong Leong Investment Bank Bhd says Malaysia's Budget 2020 may include a RM4 billion contingency plan to cushion the nation's economic growth from the prolonged US-China trade tension.