Budget 2023

According to EPF, the incentive was allocated to individuals with EPF savings of RM10,000 and below in their Account 1 as of Feb 24, 2023.

Datuk Seri Mohamed Khaled Nordin said the ministry would focus on digitalisation, research and innovation and student housing.

The funds benefited more than 100,000 individuals, said Mitra Special Task Force Committee chairman Datuk R. Ramanan.

Datuk Seri Anwar Ibrahim said it will bring the overall iTEKAD aid for this year to RM10 mln, up from the RM4 mln allocated in Budget 2023.

His Majesty said this was proven by the country's economic growth of 5.6 per cent in GDP for the first quarter of 2023.

Tahap is an aid programme for states based on the development level of the economy, infrastructure, and wellbeing.

The government has also provided RM2 billion in Budget 2023 to support the green and sustainable energy sector, Ahmad Maslan said.

MoH received the second largest increase in allocations in line with the govt's wish to ensure the continuity of public health services.

Anwar said the increase is the biggest aid the government has ever given to fishermen, paddy farmers and rubber smallholders.

One of the ways to make use of the CGT is to conceptualise it as a strategic fiscal policy lever.

Anwar said the income level of the people is still low compared with countries with GST such as Singapore and Canada.

Ismail Sabri said the implementation of the tax can potentially discourage foreign tourists who prefer to shop from coming to the country.

The re-tabled Budget 2023 prioritises certain reforms and aids for lower-income groups.

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.

Hajiji said Sabah welcomes the RM6.5 billion allocation for Sabah.

The move signals the US and China may ease their trade war, calming fears over tariff impacts on the global economy.

'We've been meeting with China' Trump says vaguely but gave no names or details.

Indonesia is prioritising its national interests in its ongoing negotiations over US tariffs, its senior economic minister says.

China does not seek war but is not afraid of it, and would fight if necessary, says Zheng Zeguang.

China supports dialogue and consultation "on equal footing" to settle trade and tariff disputes, says Finance Minister Lan Foan.

In Malaysia, a surprisingly small portion of agricultural land is dedicated to food production. Approximately 1.2 million hectares only are used for food crops, while the majority is used for oil palm (71.4%) and rubber (11.9%)

In such a scenario, it’s essential to pivot Malaysia’s food sovereignty via AgriTech.

NIAGA SPOTLIGHT features Dr Jay Desan, Co-Founder, BoomGrow and Chef Norazizi bin Taslim, Executive Chef, discussing BoomGrow - a homegrown AgriTech startup at the forefront of this transformation, via 5G-enabled, AI-powered vertical farms across Malaysia.

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Malaysia open to talks with US on trade deficit, non-tariff barriers, tech security, and possible bilateral trade deal.

Here are some highlights of recent US-Canada relations.

Trump's 25 pct steel tariffs mark his push to revive US manufacturing by taxing imports and boosting local industry.

This fast-growing region, namely ASEAN plus China will likely double in economic size over the next decade, says Dr Yao Tang.