Budget 2013

Production growth is set to outpace consumption growth in the Malaysian oil sector due to positive demand forecasts for oil within the Asian region, said Ernst & Young in a June 5, 2013 report on the oil, gas and energy (OGE) sectors.

“(However,) domestic demand for oil will be negated with the removal of fuel subsidies [...]

Blog  ,  Feature

KUALA LUMPUR — Malaysia’s budget deficit will continue to be strained regardless of whether Barisan Nasional (BN) or Pakatan Rakyat (PR) wins the elections, Bloomberg reported regional economists as saying today.

In its report, the international business wire pointed to elevated government spending in recent years under the Najib administration which in 2012 was largely due [...]

KUALA LUMPUR: SME Corp Malaysia, together with the lead ministries and government agencies are working closely with the World Bank experts in designing high-impact programmes for the small and medium enterprises (SMEs) under the SME Masterplan (2012-2020).

SME Corp chief executive officer Datuk Hafsah Hashim said the government prioritises SME development as shown in the initial [...]

The highly anticipated goods and services tax (GST) is unlikely to be announced in Budget 2013 as the government is still in consultation with stakeholders, including business associations, as it wants to ensure that the public fully understands the nature of the tax.

“We are continuously having engagements so that everyone knows about it (before implementation). [...]

Prime Minister Dato’ Sri Najib Tun Razak has asked for the public’s opinion regarding Budget 2013 in his blog. He stated that he “believe it is important that the rakyat be given an avenue to voice their ideas on how we can best bring this country forward on the world stage, socially and economically. To [...]

Lower taxes, more affordable homes, cheaper food and better public transport are among the items on the wish list from Malaysians for Budget 2013.

The Finance Ministry received 84 memoranda from various groups, NGOs and individuals on proposals for the upcoming Budget as it started off its first of 18 focus group meetings last week.

Deputy Finance [...]