Budget 2014

The construction industry hopes the government will lower import tax on machinery in Budget 2015 to boost productivity among businesses.

Construction Industry Development Board (CIDB) chief executive, Datuk Seri Dr Judin Abdul Karim, said the use of machineries would cut down dependence on manual labour.

“CIDB is working with the Ministry of International Trade and Industry on [...]

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 [...]

The large-scale dissemination of correct and detailed information on the Goods and Services Tax (GST) to the people will begin this month, says Finance Ministry Secretary General, Tan Sri Dr Mohd Irwan Siregar Abdullah.

He said apart from introducing the GST, the ministry will also go to the ground to meet the people and ensure that [...]

Small and Medium Enterprise Development Bank Malaysia Bhd (SME Bank) has welcomed Budget 2014, saying it is SME-friendly and inclusive, with most of the initiatives aimed at further strengthening the whole SME eco-system regardless of company size or structure.

Managing Director Datuk Mohd Razif Mohd Yunus said the budget will facilitate the requirements for funding, developmental [...]

The following is the 2014 Budget Speech tabled by Prime Minister and Minister of Finance Datuk Seri Najib Tun Razak at the Dewan Rakyat Friday.

The text of the speech will be updated as it progresses.

“STRENGTHENING ECONOMIC RESILIENCE, ACCELERATING TRANSFORMATION AND FULFILLING PROMISES”

Mr. Speaker Sir,

I beg to move the Bill intituled “An Act to apply a [...]

Money might not get splashed around as much as before with Budget 2014 expected to adhere to fiscal discipline even as it addresses the welfare of the people.

The budget that Prime Minister and Finance Minister Datuk Seri Najib Tun Razak will table in the Dewan Rakyat today is expected to cut down on subsidies.

This, according [...]

The Malaysian government is expected to announce a framework designed to assist and mentor youth in social entrepreneurship in the upcoming Budget 2014, said Finance Ministry director general Mohd Irwan Serigar Abdullah.

“We need something for young entrepreneurs that when developed, will help us reach a developed nation status by 2020,” said Mohd Irwan in Kuala [...]

The Multimedia Development Corp (MDeC) hopes the government would further intensify the development of local entrepreneurs through the allocation of sufficient funds under Budget 2014.

Chief Executive Officer Datuk Badlisham Ghazali exressed confidence the government would continue supporting entrepreneurs in the information and communications technology sector, given Prime Minister Datuk Seri Najib Tun Razak’s recent visit [...]

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