In conclusion, the government's Budget 2024 is a clear indication of their commitment to helping you digitalise your business and thrive in the Malaysian economy. With the continued support for SMEs through grants and financing facilities, businesses like yours can embrace digital tech...
Following the unveiling ofMalaysia’s ambitious 2024 budget, marked as the largest in the nation’s history with an allocated budget of 303 billion ringgit (US$64.7 billion), significant changes have been introduced to the country’s tax landscape. Designed to address fiscal responsibilities and re...
In Malaysia’s recently announced 2025 budget (the Budget) [1], the government introduced measures to help reduce the country’s deficit to 3.8 percent in 2025 while boosting revenue from RM322 billion in 2024 to RM340 billion in 2025. To support this plan, Malaysia Budget 2025 focused...
The government will allocate RM372.3 billion for Budget 2023, lower than Budget 2022’s allocation of RM385.3 billion. 政府将为2023年预算拨款3,723亿令吉,低于2022年预算拨款的3,853亿令吉。 Of the allocation for Budget 2023, a...
SJPP and Teman Mesra loans and guarantee facilities will be continued with topped-up allocations in the 2023 Budget review.Let's explore more!
The Malaysian government has allocated a budget of MYR2.4 billion (USD507 million) to procure three follow-on vessels to the country's Keris-class littoral mission ship (LMS). This allocation was announced by Prime Minister Anwar Ibrahim to the Malaysian Parliament on 13 October. Anwar, who ...
Full-year growth in 2024 was 5.1%, in line with an advance estimate and the government's forecast range of 4.8% to 5.3%, and compared to 3.6% in 2023. The government and central bank have forecast the economy will grow between 4.5% and 5.5% in 2025. Central...
(HVGT) will be imposed starting 1 May 2024. The government has yet to announce the exactHVGTimplementation mechanism; goods covered; and tax rates, as it is still finalising details. However, according to the recently presented national 2024 budget, among the high‑ticket items subject to the...
In the Budget 2024 allocation, the Madani Government, led by Prime Minister Datuk Seri Anwar Ibrahim, has earmarked RM4.7 billion for the enhancement of the LRT3 project (LRT Shah Alam Line) and its supporting infrastructure. Rohafiz emphasised the government’s commitment to creating a user-fri...
Last year, the government alerted the nation to the pressing need to review over 3,000 outdated laws. In response to this, Budget 2025 highlighted the Government’s goal of reviewing outdated laws, including commercial laws like Contracts Act 1950 and Legal Aid Act 1971. ...