Budget 2016

Returning GST to people

Both the RM27bil collected from the Goods and Services Tax (GST) in 2015 as well as the RM39bil expected this year will be given back to the people in the form of major projects and…

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Najib launches MyDeposit

KUALA LUMPUR: The First Home Deposit Funding Scheme (MyDeposit) has been launched. Announced during Budget 2016 last October, the scheme is aimed at helping the lower income group with a household income of RM10,000 and…


PM: Project will continue

Sarawak’s portion of the Pan-Borneo Highway, which is under construction, will not be affected due to the slowing economy. Datuk Seri Najib Tun Razak gave this assurance yesterday as he launched Package Three of the…


20,000 MyBrain15 scholarships in 2016

PUTRAJAYA: Students under the MyBrain15 programme are being offered 20,000 scholarships this year, the Higher Education Ministry said. Minister Datuk Seri Idris Jusoh said from this figure, 15,000 scholarships were targeted for students under the…


Fitch affirms A-rating

In a sign of confidence for Malaysia’s capital markets, Fitch Ratings has affirmed its “stable” outlook for the country with an “A-”rating. In a statement yesterday, the international ratings firm said the recent Budget 2016…



Revised 2016 Budget

Prime Minister Datuk Seri Najib Razak announced the following measures under Putrajaya’s recalibration of Budget 2016. Malaysia is not in recession or in technical recession; weak ringgit doesn’t reflect Malaysia’s true position Najib says he’s…


Najib to announce recalibrated Budget 2016

Prime Minister Datuk Seri Najib Tun Razak will announce the recalibrated Budget 2016, today. The recalibration is necessary due to the current global economic reality impacted by the slump in oil prices and slower growth…