Bajet 2014

Heavy spending on subsidies was limiting Putrajaya’s ability to develop the country, Prime Minister Datuk Seri Najib Razak said today regarding a recent series of unpopular cost-cutting measures.

Saying that the country must be more efficient in managing its resources, Najib said that “too much” was being currently being set aside for price support schemes.

“Imagine this, [...]

Malaysia’s economy is expected to see 5.5% growth in 2014, said Dr Shane Oliver, Head of Investment Strategy & Chief Economist, AMP Capital.

He said next year, Malaysia’s growth rate was expected to pick up to around 5.5% after 4.5% in 2013.

“This should be helped by the monetary easing of the last year or so along [...]

Kuala Lumpur City Hall (DBKl) has been allocated a budget of RM2.79 billion next year, an increase of 20.6 percent compared to RM2.31 billion this year.

Kuala Lumpur mayor Datuk Seri Ahmad Phesal Talib, when announcing the budget, said the budget this time focused on efforts to ensure sustainable economic growth and boosting the prosperity of [...]

Ulu Klang state assemblyman Saari Sungib pointed to a landslide in a hill side neighbourhood near Kemensah, to drive home his point that planning the state budget for Selangor was challenging.

Saari explained that it was thought that floods normally occurred in valleys or when water flowed downhill.

“But near Kemensah, bungalows on the hill were flooded [...]

The Sarawak government plans to allocate about RM4.28 billion next year to continue with the development programmes in the state.

Chief Minister Tan Sri Abdul Taib Mahmud, who is also state Finance Minister, said the figure would be about 72 per cent of the total budget proposed for the year with the remaining RM1.68 billion or [...]

The government spent RM2.2 billion from a special allocation of RM2.7 billion, as of last month, on student welfare, in particular those from low-income families.

The special allocation was provided to primary and secondary school students, which included per capita grant, hostel meal assistance programme, Food Supplement Programme, purchase of textbooks and assistance for payment of [...]

The 1Malaysia People’s Aid (BR1M) to households with monthly income of RM3,000 and below will be increased from RM500 to RM650, while for single individuals aged 21 and above and with a monthly income not exceeding RM2,000, the amount will be increased from RM250 to RM300.

Prime Minister Datuk Seri Najib Razak, when tabling the 2014 [...]

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