News about budget

KUALA LUMPUR (Nov 12):  Finance Minister Lim Guan Eng today explained that the new homesownership platform initiative provides Malaysians with another option towards owning a home.

YB Dato Seri Najib Razak, With respect, you are wrong again.

KUALA LUMPUR (Nov 6): The 2019 Budget's emphasis on addressing the stock of government debt and contingent liabilities is likely to narrow fiscal space and prevent public investment from driving economic activity as it did before, said the World Bank Group.

KUALA LUMPUR (Nov 6): Hospitality player Low Yat Group today urged the Government to regulate short-term stays to curb the issue of accommodation oversupply in the hospitality and tourism industry.

KUALA LUMPUR (Nov 5): Budget 2019 was a surprisingly expansionary one by most measures, but one area in which the government carefully cut back was subsidies.

KUALA LUMPUR (Nov 3): The Housing and Local Government (KPKT) Minister Zuraida Kamaruddin said the Budget 2019 is an accurate and detailed plan to solve homeownership issues for Malaysians.

KUALA LUMPUR (Nov 4): The increase in Real Property Gains Tax (RPGT) on the profits from disposal of real estate will see the increases in sub-sale prices of properties, said the Malaysian Institute of Architects (PAM).

The measures introduced in Budget 2019 will certainly help to promote home ownership, said Paramount Corp Bhd CEO Jeffrey Chew.

KUALA LUMPUR (Nov 2): The various housing measures proposed in Budget 2019 will benefit the low-income group, first-time home buyers, government servants and address the current overhang situation of residential properties, said Public Bank Bhd founder and chairman Tan Sri Dr Teh Hong Piow.

PETALING JAYA (Nov 2): It would make more sense for the government to increase the Real Property Gains Tax (RPGT) rates within the first five years instead of imposing a 5% tax rate for Malaysian individuals after the fifth year, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS).