KUALA LUMPUR (Oct 20): Prime Minister Datuk Seri Najib Tun Razak said he would unveil initiatives to sustain Malaysia’s economic growth during the Budget 2016 announcement this Friday. Najib, who is also finance minister, said this via Twitter today. “Several measures to ensure economic growth stays on a strong and stable path will be announced [...]

Prime Minister Datuk Seri Najib Razak Prime Minister Datuk Seri Najib Tun Razak has outlined measures the government is taking to safeguard the Malaysian economy given the challenging global environment. “This year, we have been focused on strengthening the resilience of our economy, managing the impact of external vulnerabilities and safeguarding the well-being of the [...]

KUALA LUMPUR: Budget 2016 is likely to have something for everyone, including the middle class, but expectations must be “realistic”. One of the most challenging budgets to date for Prime Minister Datuk Seri Najib Tun Razak, it is expected to spread the benefit across all segments of society and promote key sectors while at the [...]

PUTRAJAYA: There will be something for everybody in the 2016 Budget, especially the lower income group as well as the middle class, but the people must not expect goodies that are not realistic, a senior Finance Ministry official said. The was in view of the “extraneous circumstances challenging the economy beyond our control” causing uncertainty [...]

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak last night spent about an hour to oversee the final preparations for the 2016 Budget at the Finance Ministry here. Accompanied by wife Datin Seri Rosmah Mansor, Najib, who is also Finance Minister, arrived at the ministry at 8pm and was received by staff and officers involved in preparing the budget. [...]

PETALING JAYA: Both private and government-linked companies welcomed the initiatives presented in the Budget 2016. In a statement issued, online retailer 11Street Chief Executive Officer Hoseok Kim said they were pleased with the initiatives listed in Budget 2016 for the small and medium enterprises’ (SME) development. “We truly believe that the allocations provided will positively [...]

PETALING JAYA: Goods and Services Tax (GST) relief, tax breaks for spouses, parents and caregivers, education development, healthcare and infrastructure development, and infrastructure development initiatives for Sabah and Sarawak – these are the highlights of Prime Minister Datuk Seri Najib Tun Razak’s Budget 2016. Najib, who presented his budget speech before the Dewan Rakyat Friday [...]

Oct 23 Prime Minister Najib Razak announced Malaysia’s 2016 budget on Friday, highlighting how the government plans to narrow its budget deficit, address rising cost of living. The government also released an economic report. Following are highlights of Najib’s ongoing speech to parliament BUDGET ALLOCATION – 2016 budget allocates total 267.2 billion ringgit ($63.32 billion), [...]

Economy forecast to grow 4%-5% in 2016 from 4.5%-5.5% in 2015 2016 fiscal deficit seen narrowing to 3.1% of GDP from 3.2% Malaysian Prime Minister Najib Razak is counting on domestic demand to shore up a cooling economy as global growth falters, pledging to boost consumption, spur private investment and accelerate selected public infrastructure projects next [...]

KUALA LUMPUR: Budget 2016 has been a tough balancing act for the government as it juggles economic resilience, inclusiveness and fiscal sustainability goals says UOB Bank. “It is an expansionary budget reflecting the commitment to ensure a steady economic growth amid domestic and external headwinds while still staying the course of fiscal consolidation,” said economist [...]