Budget 2019

Amnesty tax windfall?

PETALING JAYA: The government stands to collect billions of ringgit in tax revenue for next year under the Special Voluntary Disclosure Programme (VDP) announced during Budget 2019, if implemented well.

Yong: It is getting increasingly difficult for tax evaders to hide their asset holdings overseas.

SME Corp Malaysia: Budget 2019 is very supportive of SMEs

KUALA LUMPUR: SME Corp Malaysia commended Budget 2019 for its broad-based approach and being very supportive of SMEs as the vital engine of growth for the national economy.

Fiscal reforms needed for three key areas

PETALING JAYA: The government needs to undertake comprehensive fiscal reforms by enhancing fiscal framework in line with the expected new structure for Budget 2019.

Lower financial risk for federal govt

PETALING JAYA: Under the 2019 Budget, the federal government gross borrowing requirements are expected to be higher for deficit financing and refinancing of matured papers, though there will be a lower financing risk in the near term.

Towards transparency in government spending

PETALING JAYA: Competency, accountability and transparency – these are the key governing principles outlined by the Pakatan Harapan government to ensure good practices in the management of public expenditure.

Pushing technology for SMEs

THE call for SMEs to adopt Industry 4.0 technologies is growing louder. With technology rapidly evolving and converging, there is a stronger urgency for SMEs to leverage new developments to enhance efficiency and increase productivity to better compete and grow moving forward.

An important component: SMEs make up about 97 of the manufacturing sector.

Penang CM: State not expecting much funding

GEORGE TOWN: Penang is not expecting much funding from the federal government’s Budget 2019, according to Chief Minister Chow Kon Yeow.

Medicine suppliers to benefit from higher healthcare allocation

PETALING JAYA: Medicine and medical equipment suppliers to the government are poised to be the main beneficiaries in the healthcare industry following several announcements by the government in Budget 2019 that was announced last Friday that will see more allocations provided.

Higher allocation: A dispensary at a government hospital. The government is allocating RM29bil for the Health Ministry, an increase of 7.8 compared with the previous year.

‘Include departure levy in airfare’

PETALING JAYA: The departure levy for outbound travellers should be incorporated in the airfare, say a travel association and travellers alike.

RM100mil allocation for empowerment of orang asli education, says Waytha Moorthy

KUALA LUMPUR (Bernama): The RM100mil allocated for the orang asli community will be fully utilised for the development of the community, especially for education, said Senator P. Waytha Moorthy.