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fiscal

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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
Starbucks reports record revenue in Q1 fiscal 2024

Starbucks reports record revenue in Q1 fiscal 2024

US coffee chain operator Starbucks reported record consolidated net revenues of US$9.4 billion in its 13-week fiscal first quarter 2024.
Wed Jan 31 2024
Petronas seeks fiscal incentives to develop Suriname gas project

Petronas seeks fiscal incentives to develop Suriname gas project

Petronas would like to export gas from Suriname's Block 52 to either Europe or the Americas using FLNG, said Zamri Baseri.
Wed Jan 24 2024
The scamdemic targeting the young and vulnerable

The scamdemic targeting the young and vulnerable

Teenagers and young adults are becoming prime targets for a new wave of cyber scams, a trend raising alarm bells across Southeast Asia.
Sat Nov 23 2024
Japanese manicurist takes on plastic pollution, one nail at a time

Japanese manicurist takes on plastic pollution, one nail at a time

Before global leaders address plastic pollution, a Japanese manicurist highlights the issue by incorporating it into her nail designs.
Sat Nov 23 2024
What to watch for ahead of US presidential inauguration

What to watch for ahead of US presidential inauguration

Here's a timeline of events between now and inauguration day.
Sat Nov 23 2024
The battle to reduce road deaths

The battle to reduce road deaths

In Malaysia, over half a million road accidents have been recorded so far this year.
Sat Nov 23 2024
Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel

Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel

The Dutch state, as a signatory to the 1948 Genocide Convention, has a duty to take all reasonable measures at its disposal to prevent genocide.
Sat Nov 23 2024
How quickly can Trump's Musk-led efficiency panel slash US regulations?

How quickly can Trump's Musk-led efficiency panel slash US regulations?

Moves by Trump and his appointees to eliminate existing rules will be met with legal challenges, as many progressive groups and Democratic officials have made clear.
Sat Nov 23 2024
2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

Consultations on PTPTN loans and admission to IPTA are among services provided at the Higher Education Ministry booth.
Sat Nov 23 2024
Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.
Sat Nov 23 2024
COP29 climate summit draft proposes rich countries pay $250 billion per year

COP29 climate summit draft proposes rich countries pay $250 billion per year

The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation

Bomb squad sent to London's Gatwick Airport after terminal evacuation

This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024