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KUALA LUMPUR: Budget 2022, which will be tabled on Oct 29, is expected to stay expansionary despite limited revenue uptick coming on the back of a grand five-year spending plan under the 12th Malaysia Plan (12MP).
THE Finance Minister is expected to hand down a “Secure, accelerate and rebuild” 2022 Budget on Oct 29 amid the still-lurking Covid-19 virus and external uncertainties.
Our survey shows that more than 60% of respondents, which reported that both prices of local and imported raw materials have increased significantly in the second half of 2020, are expecting prices to continue rising in the first half of this year.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) can afford the RM18 billion dividend for the government that was announced under Budget 2021. Anything more will be deliberated by the board, according to its president and group chief executive officer Tengku Muhammad Taufik Tengku Aziz.
LAST week, the Finance Minister was quoted as saying that the country’s debt to GDP level could hit the 55% mark by year-end from the current 52% level.
Government will reprioritise expenditures to meet the fall in revenue
KUALA LUMPUR: Malaysia’s well-diversified export base will help the economy maintain a relatively strong growth despite global trade tensions, Fitch Ratings says.
KUALA LUMPUR: Malaysia's well-diversified export base will help the economy maintain a relatively strong growth despite global trade tensions, Fitch Ratings says.
KUALA LUMPUR: The government is looking into tapping income tax revenue from the shadow economy, said to account for 21% of the country's RM1.45 trillion Gross Domestic Product (GDP).