1y ago
KUALA LUMPUR, Oct 3 (Bernama) -- CIMB Securities Sdn Bhd is projecting the fiscal deficit to narrow to 3.8 per cent of gross domestic product (GDP) in 2025 from an estimated 4.3 per cent this year, with the growth in government revenue expected to outpace operating expenditure (opex).
1y ago
KUALA LUMPUR, Oct 3 (Bernama) -- The hotel industry is calling on the government to address persistently low room rates and rising operational costs for the upcoming Budget 2025 to be tabled on Oct 18.
1y ago
KUALA LUMPUR, Oct 3 (Bernama) -- TNG Digital Sdn Bhd, operator of TNG eWallet, has urged the government to extend the sales and services tax (SST) exemption on digital services in Budget 2025.
1y ago
KUALA LUMPUR, Oct 3 (Bernama) -- The government is urged to expedite the establishment of the Malaysian Gig Economy Commission (SEGiM) to ensure better organisation and regulation of the gig industry ecosystem.
1y ago
From Kisho Kumari Sucedaram
MANILA, Oct 2 (Bernama) — Cebu Pacific, the Philippines' low-cost carrier, has signed a landmark purchase agreement with Airbus and Pratt & Whitney for up to 152 A321neo aircraft, equipped with Pratt & Whitney GTF engines.
1y ago
KUALA LUMPUR, Oct 2 (Bernama) -- Oracle's investment in Malaysia's artificial intelligence (AI) and cloud computing sectors is set to catalyse substantial growth within the country's digital economy, enhancing technological innovation and economic competitiveness.
1y ago
KUALA LUMPUR, Oct 2 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects Budget 2025 to responsibly walk the fiscal consolidation path, a lower fiscal deficit target from -4.3 per cent to -3.9 per cent, yet be supportive of gross domestic product (GDP) growth, subsidies savings and improved revenue channels.
1y ago
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Oct 2 (Bernama) – Lower taxes and duties on construction machinery, along with improved access to financing and reasonable interest rates for industry players and builders, were among the proposals put forward by the Master Builders Association Malaysia (MBAM) for Budget 2025.
1y ago
KUALA LUMPUR, Oct 2 (Bernama) -- The Malaysian Rubber Gloves Manufacturers Association (MARGMA) hopes the government will provide better tax exemptions for them in Budget 2025 to enhance the sector’s environment, social, and governance (ESG) ratings.
1y ago
KUALA LUMPUR, Oct 1 (Bernama) -- Consumer counters are poised to benefit from lower costs of raw material imports and improved margins as the ringgit continues to strengthen, according to Bursa Malaysia Bhd.
1y ago
PUTRAJAYA, Oct 1 (Bernama) – Budget 2025 is set to see a substantial increase in allocations, driven by Malaysia's solid economic growth and rising government revenues, according to the deputy president of the Malaysian Economic Association, Professor Dr Yeah Kim Leng.
1y ago
KUALA LUMPUR, Oct 1 (Bernama) -- Malaysia's low-wage structure is a significant factor behind the Employees Provident Fund's (EPF) inadequate savings.