News about ng

KUALA LUMPUR (Oct 11): Pragmatic, carefully curated to benefit the rakyat across ethnic groups and with timely incentives to reduce the country's dependence on foreign labour — these are among the comments from Malaysia's top bankers on Budget 2020, which was tabled in Parliament today by Finance Minister Lim Guan Eng.

PETALING JAYA (October 11): The price of properties in Penang will rise if the foreign buying threshold in the state is lowered, said Henry Butcher Malaysia (Penang) Asset Valuation executive vice-president for asset valuation Shawn Ong believes that  The Malaysian government announced a proposal in Budget 2020 to lower the foreign buying threshold for condominiums and apartments in urban areas from RM1 million to RM600,000 in 2020.

PETALING JAYA (OCT 11): Property developer Mah Sing Group Bhd is hoping that the government will consider continuous improvements to the Real Property Gains Tax (RPGT) policy to boost property market activity.

KUALA LUMPUR (Oct 11): The federal government plans to proceed with the Rapid Transit System (RTS) between Johor Bahru and Singapore to solve the long-standing traffic congestion on the Causeway.

KUALA LUMPUR (Oct 11): The government has proposed to raise the minimum wage to RM1,200 per month for those in major cities only, effective 2020.

KUALA LUMPUR (Oct 11):  The government will introduce a new tax band for those earning over RM2 million a year, which will see them taxed 30% — two percentage points more than the 28% currently applied to those earning over RM1 million.

KUALA LUMPUR (Oct 11): The government has proposed to continue developing the currently on-hold Bandar Malaysia project (pictured), after having negotiated for better terms.

PETALING JAYA (Oct 11): The government will revise the real property gains tax (RPGT) imposed on the disposal of properties after a five-year period, by individual citizens and permanent residents.

PETALING JAYA (Oct 11): The government has announced the introduction of a Rent-to-own (RTO) financing scheme to help prospective first-time homebuyers who are unable to afford the initial 10% deposit or the financing for the purchase of a home under RTO schemes.

Bank Negara Affordable Housing Fund.