budget 2015

THE management of subsidies has been a nightmare to governments. The government of Malaysia provides subsidies to producers and consumers that constitute a significant portion, or about one-fifth, of its total operating expenditure.

They have pervaded many areas of our lives, especially in transport and energy, and also in public education and health, as well [...]

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 [...]

In the recent years, the development of entrepreneurship has been growing in importance in Malaysia. This is evident that the Government places great importance on entrepreneurship in the country with the various supporting mechanisms and policies that exist for entrepreneurs in terms of funding opportunities, physical infrastructure and availability of business advisory services.

To implement sustainable [...]

Women should capitalise on opportunities provided by the goverment in Budget 2015 to empower them, Minister in the Prime Minister’s Department Nancy Shukri said Tuesday.

She said the government had initiated a lot of programmes for women to spur their advancement and raise their standard of living.

“The budget has allocated a lot for women, and that’s [...]

The government will ensure that the rise in the income of the people is faster than that of prices of goods, says Minister in the Prime Minister’s Department, Datuk Seri Abdul Wahid Omar.

He said towards this end, the government will find various means, including unpopular measures which can help strengthen the economy and finance of [...]

The government will set up two one-stop centres in a bid to develop the creative digital content industry in the near future, Communication and Multimedia Minister Datuk Seri Ahmad Shabery Cheek said.

He said one of the centres, to be known as the Pitching Centre, would be set up in the next three months to listen [...]

AS with previous years, the education sector received a substantial allocation in the Budget 2015.

When tabling the budget in Parliament, Prime Minister Datuk Seri Najib Tun Razak announced that RM56bil will be allocated to the Education Ministry to carry out teaching and learning programmes.

Some RM250mil will be channelled to School Improvement Specialist Coaches and School [...]

The adjustment of the market prices of houses is expected to be seen in the third or fourth quarter of next year after the implementation of the Goods and Services Tax (GST) in April.

Syarikat Perumahan Negara Bhd (SPNB) president Datuk Dr Kamarul Rashdan Salleh said the adjustment would occur when the cost of building materials [...]

The government’s Budget 2015 announcement today is expected to help more low- and middle-income Malaysians own a roof above their heads amid rising property prices, industry players and observers said.

“The government is going all out to address the issue of house ownership by mobilising its housing agencies such as PR1MA Corp, the National Housing Department [...]

The 2015 budget announced by Prime Minister Datuk Seri Najib Tun Razak on Friday clearly reflected a people-friendly budget, said Deputy Communications and Multimedia Minister, Datuk Jailani Johari.

Jailani said the budget announcement could, to a certain extent, fulfill the aspirations of the people for national prosperity.

“We observe that it covers various aspects such as education, [...]

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