Malaysia Budget 2013

Prime Minister Datuk Seri Najib Tun Razak spent about an hour tonight (Thursday) to survey final preparations for the 2013 Budget at the Finance Ministry, here.

His arrival, accompanied by wife Datin Seri Rosmah Mansor, was received by staff and officers of the ministry who were involved in preparing the budget.  Read more ›

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The Life Insurance Association of Malaysia (LIAM) has proposed the government give a separate tax relief of RM6,000 on insurance premiums alone in Budget 2013.

In a statement today, LIAM said currently, a yearly tax relief of RM6,000 was given on the aggregate of insurance premiums and Employees Provident Fund (EPF) contributions. Read more ›

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Netizens will have an opportunity to ask the Prime Minister Datuk Seri Najib Tun Razak about the country’s spending plans for next year during a #TanyaNajib online Q&A session on Oct 3.

Datuk Seri Najib Tun Razak, in a posting on his blog (1malaysia.com.my), invited Malaysians as well as foreigners in the country to submit questions to him on measures in Budget 2013 which he will table on Sept 28.  Read more ›

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It’s budget time again and on Friday (28 September 2012), many Malaysians will anxiously wait to see what proposals will be announced that will impact their daily lives.

Tax rate reductions? Goods and services tax? These are some of the obvious issues that are constantly in our minds and require no further elaboration.  Read more ›

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In line with the government’s aim of transforming Malaysia into a tourism hub in the Asean region, budget carrier AirAsia Bhd feels that the government should allocate more funds to the Department of Civil Aviation Malaysia (DCA Malaysia) in the upcoming Budget 2013.

Chief executive officer of AirAsia, Aireen Omar, said more funds for DCA Malaysia would boost the department’s capabilities in handling Malaysia’s growing air traffic.  Read more ›

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Kenanga Research says market talk is that the Government will consider hikes in Real Property Gains Tax (RPGT) and increase stamp duty for house purchases.

The coming Budget 2013 is expected to address two interesting issues – how to curb the speculative property market and how to address the issue of affordable housing.
Read more ›

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Housing and Local Government Minister Datuk Seri Chor Chee Heung said Datuk Seri Najib Razak was equally concerned about providing affordable homes for the people in the country.

Affordable homes are units priced between RM120,000 to RM300,000.   Read more ›

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The government needs to take more initiatives in Budget 2013 to spur digital services, said Celcom Axiata Bhd CEO Datuk Seri Shazalli Ramly.

Shazalli said they could be in the form of tax incentives, rebates or any other areas to allow consumers to aggressively participate in the digital era and enhance the possibility of a wider use of digital services across all sectors.  Read more ›

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Deputy Prime Minister and Education Minister Tan Sri Muhyiddin Yassin said the Education Ministry hopes to get a special allocation under Budget 2013 to implement the National Education Policy Review Blueprint.

He said the special allocation was necessary to effect a major shift in education.  Read more ›

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The draft copy of the 2013 Budget was tabled at the cabinet meeting on Wednesday (5 September), said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

“Malaysia Budget 2013 will be a balanced budget — people and business-friendly — our revenue and expenditure must be balanced,” he said, ”The budget parameters are already in place and the cabinet will study and fine-tune them.”  Read more ›

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