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Japanese Gov't approves 2025 draft budget with record defence spending

Japanese Gov't approves 2025 draft budget with record defence spending

The Japanese government on Friday approved a draft budget for fiscal year 2025, with a record 8.7 trillion yen marked for defence spending
Fri Dec 27 2024
China ready to go deeper into debt to counter Trump's tariffs

China ready to go deeper into debt to counter Trump's tariffs

Beijing is expected to gradually take on greater fiscal responsibility as local municipalities are too deep in debt.
Tue Dec 10 2024
Ringgit opens marginally higher vs US dollar, traders await Budget 2025

Ringgit opens marginally higher vs US dollar, traders await Budget 2025

Dr. Mohd Afzanizam says Budget 2025, set for tabling today, is key, with traders likely focusing on next years fiscal deficit targets.
Fri Oct 18 2024
The Economy with Ibrahim Sani: Budget 2025: The case for a multi-year tax framework

The Economy with Ibrahim Sani: Budget 2025: The case for a multi-year tax framework

This episode will explores the rationale behind implementing a structured, long-term approach to tax reform in Malaysia. It highlights the need for a framework that spans multiple years to ensure more effective tax policies, prevent economic shocks, and accommodate evolving market dynamics.
Thu Oct 10 2024
OPR likely to be unchanged; Ringgit forecast at 4.25 vs USD year-end - Kenanga

OPR likely to be unchanged; Ringgit forecast at 4.25 vs USD year-end - Kenanga

Fiscal policy shifts and external risks, such as geopolitical tensions, could still influence the central bank's stance, says Kenanga.
Tue Oct 08 2024
Hidden hands behind youth vaping surge

Hidden hands behind youth vaping surge

M'sia has not increased tobacco taxes for eight consecutive years, missing critical opportunities to reduce consumption via fiscal measures.
Fri Aug 23 2024
Govt committed to reducing debt-to-GDP ratio to 60% within five years - Treasury sec-gen

Govt committed to reducing debt-to-GDP ratio to 60% within five years - Treasury sec-gen

The government is committed to reducing its borrowings within a five-year timeframe to ensure a stronger and sustainable fiscal position.
Tue Jul 23 2024
Govt remains committed to implementing structural reforms, fiscal strengthening

Govt remains committed to implementing structural reforms, fiscal strengthening

The ministry said this will boost Malaysia's long-term foreign investor appeal, strengthening the ringgit.
Wed Jul 10 2024
Targeted fuel subsidy will help consolidate govt's fiscal position - Economists

Targeted fuel subsidy will help consolidate govt's fiscal position - Economists

Shan Saeed said more countries are now removing subsidies and move to a more market-driven approach.
Tue Jun 11 2024
RM4 bln estimated savings from diesel subsidy to free up govt fiscal space

RM4 bln estimated savings from diesel subsidy to free up govt fiscal space

BUDI MADANI will benefit 700,000 diesel vehicle owners in total, covering about half of active diesel vehicles in Peninsular Malaysia.
Fri May 31 2024
Key insights from 1st day of WEF special meeting in Saudi capital

Key insights from 1st day of WEF special meeting in Saudi capital

Kristalina Georgieva stressed three economic priorities on inflation, fiscal buffers, and geopolitical fragmentation.
Mon Apr 29 2024
Japan finishes first-year ocean discharge of nuclear-tainted wastewater amid backlash

Japan finishes first-year ocean discharge of nuclear-tainted wastewater amid backlash

The plant completed the fourth and final round of discharge for the current fiscal year ending in March.
Mon Mar 18 2024
[COLUMNIST] Let fiscal policy be the primary driver to address the ringgit depreciation

[COLUMNIST] Let fiscal policy be the primary driver to address the ringgit depreciation

Fiscal policy remains best poised as the most effective macro-economic tool to mitigate the impact from the RM's depreciation.
Mon Mar 04 2024
Gov't striving to reduce fiscal deficit rate to 4.3 per cent this year - Fahmi

Gov't striving to reduce fiscal deficit rate to 4.3 per cent this year - Fahmi

Fahmi Fadzil said Malaysia recorded a three per cent GDP growth in the fourth quarter of 2023, despite facing challenges.
Mon Feb 19 2024
US House of Representatives passes bipartisan tax relief legislation

US House of Representatives passes bipartisan tax relief legislation

The US House of Representatives passed bipartisan tax relief legislation, which would reform the child tax credit and other fiscal policies, reported Sputnik.
Thu Feb 01 2024
Suggesting MCA's removal from BN is 'daydreaming' - Ahmad Zahid

Suggesting MCA's removal from BN is 'daydreaming' - Ahmad Zahid

Barisan Nasional chairman Datuk Seri Dr Ahmad Zahid Hamidi emphasised that the coalition has never discussed removing MCA.
Tue Feb 04 2025
AWANI Tonight: 4th Feb 2025

AWANI Tonight: 4th Feb 2025

#AWANITonight with Faye Kwan

- Govt to announce new paddy floor price next week
- DeepSeek poses no threat to data centres in M’sia - Digital Minister

#AWANIEnglish #AWANINews
Tue Feb 04 2025
Consider This: The Reality of Retirement Savings in Malaysia

Consider This: The Reality of Retirement Savings in Malaysia

The EPF recently introduced the Retirement Income Adequacy Framework, a three-tiered savings benchmark—basic, adequate, and enhanced—meant to be used as a reference to maintain different levels of financial security post-retirement. Is this framework enough to ensure financial security in old age? On this episode of #ConsiderThis Melisa Idris speaks with Professor Joseph Cherian, Deputy CEO and Practice Professor of Finance, at the Asia School of Business.
Tue Feb 04 2025
AWANI Tonight: DeepSeek poses no threat to data centres in M'sia

AWANI Tonight: DeepSeek poses no threat to data centres in M'sia

Digital Minister Gobind Singh Deo states that Chinese AI startup DeepSeek is not a threat to Malaysia's data centre growth, as the government evaluates its energy consumption impact and potential benefits.
Tue Feb 04 2025
AWANI Tonight: PLKN 3.0: Relaunched with lower cost and more trainees

AWANI Tonight: PLKN 3.0: Relaunched with lower cost and more trainees

Defence Minister Datuk Seri Mohamed Khaled Nordin announces that the cost of implementing the National Service Training Programme (PLKN) 3.0 has been significantly reduced to RM2,000 per trainee, which is notably lower than previous versions.
Tue Feb 04 2025
Five people shot in attack at Swedish school, police say

Five people shot in attack at Swedish school, police say

The shooting took place in a campus area where several schools are located.
Tue Feb 04 2025
50 per cent toll discount to be implemented during all festive seasons this year - Nanta

50 per cent toll discount to be implemented during all festive seasons this year - Nanta

Datuk Seri Alexander Nanta Linggi says this measure would reduce the costs borne by the government in compensating highway concessionaires.
Tue Feb 04 2025
China launches antitrust probe into Google

China launches antitrust probe into Google

China's State Administration for Market Regulation launches an antitrust investigation against Google over suspected violations.
Tue Feb 04 2025
Arab nations oppose removing Palestinians from Gaza in letter to US

Arab nations oppose removing Palestinians from Gaza in letter to US

Reconstruction in Gaza should be through direct engagement with and participation of the people of Gaza, the letter said.
Tue Feb 04 2025
Trump orders creation of US sovereign wealth fund, says it could buy TikTok

Trump orders creation of US sovereign wealth fund, says it could buy TikTok

If created, the sovereign wealth fund could place the US alongside numerous other countries, particularly in the Middle East and Asia.
Tue Feb 04 2025