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Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship

Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship

The Budget 2023 commits to fiscal consolidation with further reduction in budget deficit to GDP ratio to 5% this year and to 3.2% by 2025.
Fri Feb 24 2023
Selangor tables RM2.34 bil Budget for 2022

Selangor tables RM2.34 bil Budget for 2022

Amirudin said there would be a budget deficit of RM222.71 million based on the state's projected revenue of RM2.1 billion.
Fri Nov 26 2021
Raising debt ceiling enables government to finance Budget deficit in medium term - Tengku Zafrul

Raising debt ceiling enables government to finance Budget deficit in medium term - Tengku Zafrul

The government has asserted the importance of increasing the debt ceiling to 65 per cent of GDP to have a wiggle room to finance the government's budget deficit in the medium term.
Sat Oct 30 2021
Most countries face financial problems, fiscal deficits - Mustapa

Most countries face financial problems, fiscal deficits - Mustapa

Most countries, including Malaysia, are facing financial problems and a large budget deficit due to the COVID-19 pandemic.
Sun Apr 18 2021
Singapore expected to run budget deficit next year, PM says

Singapore expected to run budget deficit next year, PM says

Singapore is expected to run a budget deficit next year and may not be able to balance its books for a while.
Tue Nov 17 2020
Australia expected to reveal biggest budget deficit since WW2 due to coronavirus

Australia expected to reveal biggest budget deficit since WW2 due to coronavirus

Australia is expected to report its biggest budget deficit since World War Two on Thursday when Canberra reveals the full economic damage caused by the coronavirus pandemic.
Thu Jul 23 2020
Italy to approve some 10 billion euros in anti-coronavirus measures - minister

Italy to approve some 10 billion euros in anti-coronavirus measures - minister

Measures would likely cause the budget deficit to rise to just under 3% of national output this year.
Tue Mar 10 2020
Saudi to shelve, reform billions of dollars of unfinished projects - sources

Saudi to shelve, reform billions of dollars of unfinished projects - sources

Riyadh's Bureau of Capital and Operational Spending Rationalization, set up last year to make the government more efficient, is compiling a list of projects that are under 25 percent complete.
Mon Apr 17 2017
Saudi posts record deficit, cuts fuel subsidies

Saudi posts record deficit, cuts fuel subsidies

Riyadh also projected a shortfall of $87 billion in next year's budget, the first since King Salman took over the country in January.
Tue Dec 29 2015
Putin's surprising new ruble problem threatens Russian coffers

Putin's surprising new ruble problem threatens Russian coffers

In order to reach macroeconomic stability, Russia needs to limit its budget deficit and a weaker ruble is an easy way to do that.
Fri Apr 10 2015
Oil plunge to cost GCC exporters $300 billion: IMF

Oil plunge to cost GCC exporters $300 billion: IMF

The plunge in the oil price is threatening to send many countries into budget deficits.
Wed Jan 21 2015
Drop in oil revenue has minimal impact on govt finances, says Wahid Omar

Drop in oil revenue has minimal impact on govt finances, says Wahid Omar

One of the sustainability elements in government finances was to reduce its reliance on oil and gas revenues.
Wed Nov 26 2014
Malaysias deficit will rise to RM59 billion, predicts Anwar

Malaysias deficit will rise to RM59 billion, predicts Anwar

Opposition leader Datuk Seri Anwar Ibrahim told the Dewan Rakyat today that the Malaysia's 2014 budget deficit will likely balloon beyond the Finance Minister Datuk Seri Najib Razak's projections.
Mon Oct 28 2013
Nokia vows to pursue India tax fight

Nokia vows to pursue India tax fight

Nokia is the latest multinational to be embroiled in a tax row with Indian authorities, who are chasing alleged tax delinquents to reduce a hefty budget deficit.
Sat Jun 01 2013
'No one will win a trade war,' China says after Trump tariff threat

'No one will win a trade war,' China says after Trump tariff threat

Donald Trump says he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States.
Tue Nov 26 2024
What has caused Pakistan's deadly clashes between police and supporters of Imran Khan?

What has caused Pakistan's deadly clashes between police and supporters of Imran Khan?

Topping the demands of Khan's Pakistan Tehreek-e-Insaf (PTI) party is the release of all its leaders, including Khan, who has been jailed on a series of corruption charges since August 2023.
Tue Nov 26 2024
One woman or girl killed every 10 minutes by intimate partner or family member - UN

One woman or girl killed every 10 minutes by intimate partner or family member - UN

The report highlights that "60 per cent of all female homicides" are committed by "people closely related to them".
Tue Nov 26 2024
Sweden urges Chinese ship to return for undersea cable investigation

Sweden urges Chinese ship to return for undersea cable investigation

Two subsea cables, one linking Finland and Germany and the other connecting Sweden to Lithuania, were damaged in less than 24 hours.
Tue Nov 26 2024
[COLUMNIST] Building more highways won’t solve traffic congestion - reducing demand will

[COLUMNIST] Building more highways won’t solve traffic congestion - reducing demand will

It is clear that adding more lanes and highways doesn't work, because we are still attempting the same approach to solve the issue.
Tue Nov 26 2024
Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM

Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM

This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.
Tue Nov 26 2024
‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film

‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film

'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.
Tue Nov 26 2024
Man charged with mother's murder, storing body in freezer

Man charged with mother's murder, storing body in freezer

The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.
Tue Nov 26 2024
Abolition of examination in schools to reduce pressure on pupils - Fadhlina

Abolition of examination in schools to reduce pressure on pupils - Fadhlina

The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.
Tue Nov 26 2024
Google, Meta urge Australia to delay bill on social media ban for children

Google, Meta urge Australia to delay bill on social media ban for children

Google and Meta says the government should wait for the results of an age-verification trial before going ahead.
Tue Nov 26 2024