Going by hints dropped by Prime Minister Datuk Seri Ismail Sabri Yaakob, Budget 2022 to be tabled at 4pm on Friday will not only be expansionary and sizeable, but also one that puts the need to quickly return lives and livelihoods back to pre-Covid-19 levels first before executing plans to pare down government debt and beef up tax collection.

Budget 2022: Hints dropped indicate no major new taxes next year

The one-off corporate tax of 33% to be levied on companies with chargeable income of more than RM100 million is likely to be the Budget 2022 proposal that would have the biggest financial impact on the insurance and takaful industry, said Deloitte Malaysia.

After looking at the tax measures proposed in Budget 2022 and Finance Bill 2021, Deloitte Malaysia said the one-off tax would have an impact on the insurance and takaful sector from both a fiscal and operational perspective.

Cukai Makmur will be the Budget 2022 proposal that will impact the insurance industry most — Deloitte Malaysia

KUALA LUMPUR (Nov 3): Investors should expect dividend suppression after the government unveiled the one-off "Cukai Makmur (prosperity tax) in the recently announced Budget 2022, according to Maybank head of Malaysia and regional equity research Anand Pathmakanthan.

Dividend suppression seen with prosperity tax in Budget 2022 — Maybank Investment

Maybank Kim Eng has applauded the government’s decision to give full exemption of import duty, excise duty, as well as sales tax for electric vehicles (EVs) as it seeks to support the local EV industry, according to its head regional equity research Anand Pathmakanthan.

Maybank lauds govt decision on EV incentives in Budget 2022

Malaysia's plantation sector, which is the most highly taxed sector in the country, is likely to be subjected to the recently-announced "Cukai Makmur" (prosperity tax) under Budget 2022, according to Maybank Kim Eng's head of regional equity research Anand Pathmakanthan.

Highly-taxed plantation sector unlikely spared from Cukai Makmur, says Maybank

The national budget should not be designed to give short-term boosts to the local bourse but it should be seen as the enabler for the economy to grow, whether in the short, medium or longer term, according to Member of Parliament for Damansara Tony Pua.

National budget should be seen as enabler of economic growth, says Tony Pua

Malaysia’s Budget 2022 brings a ray of hope for Bursa-listed companies that were affected by the Covid-19 pandemic as viable candidates may receive financial support from the government in the form of equity injection.

Finance Minister Tengku Datuk Seri Zafrul Aziz said in his 2022 Budget speech last Friday that a government-owned special purpose vehicle (SPV) will be set up to support companies through equity injection or other related instruments.

Which companies need Khazanah's RM3 bil help?

KUALA LUMPUR (Nov 1): Veteran tax expert Dr Veerinderjeet Singh said he is surprised that the government has moved so fast to propose the removal of tax exemption for foreign sources of income.

Describing it as a knee-jerk reaction, he said: “I would like to encourage the team at the Finance Ministry to reconsider this particular point on the removal of the exemption on the foreign source income.”

Proposal to remove foreign source income exemption comes as a surprise, says tax expert

Panelists at the Malaysian Economic Association (MEA) 2022 Post-Budget Dialogue were mooting for the reinstatement of the Goods and Services Tax (GST) or the inclusion of a similar tax structure under the current tax regime in order to widen the government’s tax revenue base to prepare for turbulent times ahead.

During the session, Centennial Asia Advisors chief executive officer (CEO) Manu Bhaskaran said that there will be a period of “great financial turbulence” for Malaysia and the global economy going forward, as there is bound to be consequences to the extraordinary quantitative easing, printing of money and low interest rates we have seen over the past decade

Malaysia needs GST to weather turbulence ahead, say experts

KUALA LUMPUR (Oct 31): Palm oil growers from Sabah and Sarawak are crying foul over what they deemed to be the unjust doubling up of the windfall profit levy rate from 1.5% to 3% to be imposed on those who operate in the two states, as proposed under Budget 2022.

Sabah, Sarawak palm oil players cry foul over doubling of windfall profit levy rate

A key point to highlight in Budget 2022 is the 22.5% increase in gross development expenditure (DE) to RM75 billion, which would benefit construction and infrastructure activities as well as trade and industry in the country, according to AmBank Group Research.

AmBank Research sees potential roll-out of RM140b worth of projects from Malaysia's higher development spending

Employers are upbeat about the outlook for the employment market next year based on targeted initiatives of Budget 2022, the largest budget to date that indicates the government is putting in place measures to help accelerate the country's economic recovery, according to the Malaysian Employers Federation (MEF).

Employers commend Budget 2022 as one that supports recovery and helps alleviate unemployment issue

Budget 2022 expects an increase in tax collection, with corporate tax collection anticipated to rise to above 2019's pre-pandemic numbers, which is optimistic but challenging if businesses are still trying to bounce back from Covid-19, said Deloitte Malaysia tax leader Sim Kwang Gek.

Deloitte: Taxation on foreign sourced income a significant change and will increase tax bill of companies with overseas ops

While Budget 2022 puts the nation on the right track in the short term, Research for Social Advancement (REFSA), a think tank promoting social advancement in Malaysia, however contends that the Budget could go further in setting the stage for long-term policy making.

REFSA economic advisor Frederik Paulus and researcher Jaideep Singh said that considering that Budget 2022 is the first Budget under the tenure of the 12th Malaysia Plan (12MP), there should be clarification as to how it helps promote the development of emerging sectors — such as the care economy and the green economy — beyond the limited measures that have been included.

Budget 2022 on right track in short-run, but fails to address long-term considerations — REFSA

YOUR DAY AHEAD: Oct 5, 2026

The world is moving into a longevity society, but governments and businesses are still largely treating longer lives as an ageing issue to be managed through healthcare, pensions and social protection.

Longevity should be seen as economic opportunity, not ageing cost - expert

For a township development, growth is rarely defined by the number of houses completed alone. Over time, it is the combination of homes, businesses, public spaces, amenities and employment opportunities that determines whether a development evolves into a community in its own right.

Beyond homes: How Setia Fontaines is shaping northern Seberang Perai’s next growth story

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 5, 2026 

Across global markets, the shift towards borderless, always-on financial infrastructure is no longer a question of if institutions can build it, but how fast they can do so.

Citi sees tokenisation driving shift to real-time treasury and capital markets

ASEAN serves as Malaysia's primary export market, with over half of exports tied to global value chains. Trade growth highlights ASEAN's importance for businesses, especially SMEs, expanding into competitive global markets. MATRADE supports Malaysian exporters in ASEAN through trade offices and initiatives like INSP and EAMs.

ASEAN: A Strategic Launchpad for Malaysian Exporters

The UK is preparing to impose levies on the import of Chinese electric vehicles, meeting a key demand from the European Union, the Times of London reported Sunday.

UK expected to follow EU with tariffs on Chinese EVs, Times says

Asian stocks were poised to open higher after softer US jobs data eased pressure on the Federal Reserve to keep raising interest rates. Brent crude rose as Yemen launched a bid to recapture Houthi-controlled areas.

Asian stocks to rise as hike bets ease, oil climbs

The Edge Billion Ringgit Club (BRC) Awards turns 17 this year. The trust, support and goodwill — accumulated since 2010 — have helped make our simple desire to recognise, honour and celebrate the biggest and the best of Corporate Malaysia into a tradition, perhaps more. The Edge Media Group chairman Tan Sri Tong Kooi Ong thinks we can safely call the Billion Ringgit Club an institution. I agree.

Institutionalising excellence

The Edge Billion Ringgit Club (BRC) Awards 2026 brought together Corporate Malaysia’s leaders and top-performing companies on Sept 23 for an evening of celebration and recognition.

An evening of corporate excellence

Transport Minister Anthony Loke Siew Fook is scheduled to speak on the suspension of My E.G. Sdn Bhd and Zetrix AI Bhd (KL:ZETRIX) as the Road Transport Department's (JPJ) collection agents 11am Monday (Oct 5) morning.

Loke to address MyEG and Zetrix AI suspension as JPJ agents Monday

The Edge Billion Ringgit Club (BRC) Awards turns 17 this year. The trust, support and goodwill — accumulated since 2010 — have helped make our simple desire to recognise, honour and celebrate the biggest and the best of Corporate Malaysia into a tradition, perhaps more. The Edge Media Group chairman Tan Sri Tong Kooi Ong thinks we can safely call the Billion Ringgit Club an institution. I agree.

The Edge Billion Ringgit Club (BRC) Awards 2026 brought together Corporate Malaysia’s leaders and top-performing companies on Sept 23 for an evening of celebration and recognition.

Petroliam Nasional Bhd (PETRONAS), the only Malaysian company listed on the Fortune Global 500, took centre stage at the height of the fuel supply crisis in early 2026, when it was tasked with helping to coordinate and secure the country’s fuel supplies, going beyond its normal business activities amid disruptions in West Asia.

More than  Malaysia’s oil-and-gas steward

Diversified conglomerate YTL Corp Bhd (KL:YTL) has pursued an aggressive expansion strategy in recent years across power, water, data centres and cement — moves that have put the group firmly back on investors’ radar, with the results to show for it.

A sterling earnings growth performance

&nbsp;Asian stocks were poised to open higher after softer US jobs data eased pressure on the Federal Reserve to keep raising interest rates. Brent crude rose as Yemen launched a bid to recapture Houthi-controlled areas.

Sunway Construction Group Bhd (KL:SUNCON) winning the grand award — Company of the Year — at The Edge Billion Ringgit Club (BRC) Awards 2026 marks another milestone for the construction arm of Sunway Bhd (KL:SUNWAY), as the group continues to strengthen its position in an increasingly competitive industry.

Building resilience in an age of disruption

Spritzer Bhd’s (KL:SPRITZER) debut at The Edge Billion Ringgit Club (BRC) has been a rewarding one. The bottled water producer clinched its first award for Highest returns to shareholders over three years in the consumer products &amp; services sector after its adjusted share price more than tripled during the award assessment period.

Making a splash with a maiden win 

When investors think about the artificial intelligence (AI) and data centre (DC) boom, technology and property companies are often the first to come to mind. But the surge in demand for computing infrastructure is also creating opportunities further down the supply chain, including for power cable manufacturers like Southern Cable Group Bhd (KL:SCGBHD).

Riding wave of AI infrastructure boom

Sunway Construction Group Bhd (KL:SUNCON) garnered yet another recognition at The Edge Billion Club (BRC) Awards this year. But what makes this year’s achievement special is that it took home the grand award — Company of the Year — recognising its strong performance not only financially, but also in corporate responsibility.

Built for growth

Solarvest Holdings Bhd (KL:SLVEST) made an emphatic debut at The Edge Billion Ringgit Club (BRC) Awards, sweeping all three trophies in the energy sector, as its rapid growth rides on Malaysia’s ambitious renewable energy (RE) goals.

Solar boom yields hat-trick wins

While Hume Cement Industries Bhd’s (KL:HUMEIND) entry into Malaysia’s cement industry in 2012 may have appeared well timed to capitalise on the country’s construction boom, the subsequent downturn proved far more challenging than expected.

Emerging from the industry shake-up with record profits

Despite an increasingly challenging banking landscape, CIMB Group Holdings Bhd (KL:CIMB) has continued to set new earnings benchmarks, hitting a record net profit in 2024 before surpassing it with a fresh record in 2025.

A record earnings run

Riding a commodity boom is one thing, but creating lasting value throughout the cycle is another. United Plantations Bhd (UP) (KL:UTDPLT) — one of Malaysia’s larger plantation groups — has consistently delivered this while outperforming its peers.

Creating value throughout the cycle

&nbsp;The UK is preparing to impose levies on the import of Chinese electric vehicles, meeting a key demand from the European Union, the Times of London reported Sunday.&nbsp;

Uchi Technologies Bhd (KL:UCHITEC) has extended its winning streak at The Edge Billion Ringgit Club (BRC) Awards to seven consecutive years, after clinching again the award for Highest return on equity (ROE) over three years in the industrial products and services sector.

Resilient returns in niche market

The past three years have been challenging for breweries as inflation, higher living costs and cautious consumer sentiment have weighed on discretionary spending, and elevated costs and stiff competition have added to industry pressures.

A resilient business despite higher excise duty

Nestlé (Malaysia) Bhd (KL:NESTLE) may have weathered a sharp downturn in consumer demand and elevated commodity costs over the past three years, but its ability to generate returns for its investors remains difficult to match.

Earnings recovery gathers pace

Generating consistent returns for shareholders has become increasingly challenging for banks amid a more competitive and volatile operating environment. To its credit, Public Bank Bhd (KL:PBBANK), the country’s third-largest banking group by assets, has maintained a strong track record in this area.

Consistent returns set it apart

Once again, AMMB Holdings Bhd (KL:AMBANK) is taking home The Edge Billion Ringgit Club (BRC) award for Highest returns to shareholders over three years under the financial services category.

Budget 2022

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