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Thursday, October 17, 2019

Tag: Budget 2018

Increase allocation to MACC, urges TI-M

Transparency International Malaysia president Akhbar Satar says this is because MACC has solved many major corruption cases.

Putrajaya seeks RM3 billion reallocation of federal budget

This is to accommodate the restructuring of several ministries as well as the establishment and dissolution of others following GE14.

See-To : Pakatan ‘cure’ is only for private clinics

BN strategist attacks opposition campaign against govt savings in drug costs but themselves offering for-profit clinics a helping hand

Johari: Oil revenue rises by RM300 million for every US$1 per...

Second Finance Minister Johari Abdul Ghani says, however, it is difficult to predict exactly how much extra Malaysia will make in oil revenue, compared with Budget 2018 expectations, due to fluctuating oil prices.

Report: Tax exemption puts additional RM1.5 billion in hands of consumers

About 260,000 won’t be paying taxes this year following the move to reduce the personal income tax rate by two percentage points, and this money is expected to boost the economy.

Penang airport expansion work to start soon

This will involve optimising space usage to address the long queues, the construction of a seven-storey car park and the expansion of the airport itself.

Jeyakumar: Shares won’t help poor Indians, give them homes instead

PSM lawmaker says study on Amanah Saham Bumiputera shares shows 72% of shareholders only have average of RM554 each.

Guan Eng asks Najib to hurry with Penang airport expansion

The number of passengers at Penang International Airport rose 8% last year to 7.2 million people, which is far more than the 6.5 million capacity, says Penang CM.

Analyst: Not all Malaysians benefiting from economic growth

The Malaysian Institute of Economic Research’s Shankaran Nambiar says while 2017 was a good year, there remain major risks to the economy from high household and public debts.

Najib: Hypocrite opposition adulating ‘father of all tolls’

PM claims a former leader, now supported by opposition, had struck lop-sided toll agreements that benefited his cronies and brought difficulties to motorists.

I never said ‘no’ to Penang airport upgrade, Guan Eng tells...

Penang CM says he had thanked PM for announcing upgrade as part of 2018 Budget.

Teo says MCA must get higher allocation for TAR UC

Rasah MP says there is no need for him to apologise for claiming there was no federal funding for Tunku Abdul Rahman University College for 2018 when RM30 million had been set aside.

MP shocked govt has stopped funding TARC

Tunku Abdul Rahman University College was allocated RM60 million in 2015, RM51 million in 2016 and RM30 million in 2017 but was not allocated a single sen in Budget 2018, says DAP’s Teo Kok Seong.

Zambry rubbishes opposition’s claims on budget

Perak MB Zambry Abd Kadir says even though the state government tabled a deficit budget, the financial statement each year recorded a surplus.

Ministry’s budget allocation passed by just one vote in Dewan

Opposition MPs furious BN MPs allowed to vote even after two-minute warning but deputy speaker says there is no rule that votes of MPs who enter late cannot be counted.

‘Budget perks for civil servants won’t go far’

Tricia Yeoh from IDEAS says the benefits will not carry households very far, and may attract those who prefer a comfortable job over a merit-based system.

95% of poverty cases involve Bumiputeras, claims Perkasa

The Malay rights group’s leaders and supporters claim Budget 2018 does not give adequate special allocations to uplift Bumiputeras.

Sabah ministers applaud ‘holistic’ state budget

Tourism, Culture and Environment Minister Masidi Manjun says additional RM12 million to develop rural tourism is a godsend.

Economist: Malaysia will continue to see more growth in Q4

Head of economics and strategy at Mizuho Bank, Vishnua Varathan, says manufacturing and consumption are seeing strong performances, complemented by rise in oil prices.

Analysts: Consumer sector still slow, Budget 2018 won’t help much

Research houses say Budget 2018 proposals to put more money in the hands of consumers will only temporarily boost consumer spending but won’t have significant longer-term impact.

Johari: Govt may increase BR1M amid rising fuel prices

The second finance minister says this may be possible in view of the increased revenue from rising global fuel prices.

Minister rails opposition for ‘not supporting flood victims’

Minister in the PM’s Dept Shahidan Kassim says he regrets opposition’s objection to Budget 2018, which included allocations for flood victims.

90-day maternity leave won’t raise birth rate, say experts

Academic and economist say Budget 2018 proposal for increased maternity leave for private and government sector unlikely to help as costs, career come first.

Opportunities aplenty for Sabah in Najib’s budget and more

Budget 2018, Halajutu and Musa Aman’s 2018 Sabah Budget offer big opportunities for economic advancement in careers, employment and business.