The Terengganu Government will review the 2015 state budget tabled in December, following the recent drop in oil prices.

Menteri Besar Datuk Ahmad Razif Abdul Rahman said prior to this, the RM2.37 billion state budget was tabled with a target to continue the policy of managing a surplus budget.

He said the budget which was tabled was [...]

The Malaysian Global Innovation and Creativity Centre (MaGIC) received a much-needed boost from the recently-tabled Budget 2015 for one of its soon-to-be-launched programmes.

On Oct 10, Malaysian Prime Minister Najib Razak, also the Finance Minister, announced plans to make the country the location of choice for startups in the region.

“To attract more expatriate entrepreneurs establish startups [...]

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, [...]