Not an election budget

Prime Minister Datuk Seri Najib Tun Razak said that a major focus of Budget 2017 will be raising the disposable income of the rakyat, and encouraging upscaling, reskilling and entrepreneurship training. Budget 2017 will see…


Treasury quashes rumour on GST hike

The Government has no intention of increasing the existing 6% Goods and Services Tax (GST) in Budget 2017 which will tabled by Prime Minister Datuk Seri Najib Tun Razak tomorrow. Second Finance Minister Datuk Johari…



Ministries urged to tighten their belts

Cabinet ministers have been told by Prime Minister Datuk Seri Najib Tun Razak to tighten their belts for challenging times ahead. International Trade and Industry Minister Datuk Seri Mustapa Mohamed said he met Najib last…


Budget 2017: Building up domestic demand a key focus

DESPITE continuous economic headwinds, the 2017 Budget, which will be tabled in Parliament next week, is expected to latch on the country’s economic progress, especially in activities that spur domestic demand. While the challenges due…


LIAM proposes higher tax relief

The Life Insurance Association of Malaysia (LIAM) has proposed that the tax relief for medical and education insurance policies be increased to RM6,000 from RM3,000 per year in Budget 2017. “The current tax relief of…


SMEs may get incentives in Budget

Budget 2017 may see small-and-medium enterprises (SMEs) receiving further incentives, says Minister in the Prime Minister’s Department Datuk Seri Dr Wee Ka Siong. “We had consultations and there are also expectations from the SMEs. But…


Budget likely to have muted impact on market

The stock market will probably remain moribund ahead of the tabling of Budget 2017 on Oct 21, with market participants seeing few catalysts to surprise investors on the upside against the backdrop of the Government…