DE-CIX, a carrier- and data-centre-neutral internet exchange point headquartered in Frankfurt, Germany, believes that the Malaysian government is becoming more committed to advancing its digital infrastructure and its economy.

Putrajaya more committed to advancing digital infrastructure and economy — DE-CIX

Revised Budget 2023: Full speech of Prime Minister Datuk Seri Anwar Ibrahim

KUALA LUMPUR (Feb 25): RHB Investment Bank Research said consistent with its view, the revised Budget 2023 remains mildly expansionary with no major changes in the policies. The total allocation was revised upward to RM386.1 billion versus RM372.3 billion tabled by the previous government in October 2022.

No major surprises in revised Budget 2023, says RHB IB

Middle-income earners, more commonly known as the M40 group, were specifically mentioned in the revised Budget 2023, as they are also bearing the brunt of the rising cost of living, besides the B40 group.

Revised Budget 2023 offers various perks for M40 group

The revised Budget 2023 strikes a balance between the need to support the economy and the commitment on fiscal consolidation, said OCBC Bank.

Chief economist of OCBC Bank Selena Ling in a statement on Friday (Feb 24) said the budget tabled was in line with market and OCBC’s expectation, with a resolve to see the budget deficit reduced to 5% from 5.6% of GDP in 2022.

OCBC Bank: Revised Budget 2023 supports economy, prioritizes fiscal consolidation

The Federation of Malaysian Manufacturers (FMM) said that the revised Budget 2023 tabled on Friday (Feb 24) by Prime Minister Datuk Seri Anwar Ibrahim lacked support for the manufacturing industry.

“We are disappointed that Budget 2023 has not provided any assistance to support trade for industries to expand their market access as many face severe impact to their existing markets due to the prolonged Ukraine-Russia conflict,” said FMM president Tan Sri Soh Thian Lai in a statement.

FMM: Revised Budget 2023 lacks support for manufacturing

The revised Budget 2023 enables inclusive and sustainable economic growth, instils confidence through institutional and governance reforms, as well as advance social justice, said Khazanah Research Institute (KRI).

Revised Budget 2023 ensures inclusive growth for individuals and corporates, says KRI and ICDM

The government proposed another round of special voluntary disclosure programme (SVDP) with full penalty waiver starting June this year till end-2024.

The Inland Revenue Board and the Royal Malaysian Customs Department will be tasked to revive this programme again, said Prime Minister Datuk Seri Anwar Ibrahim during the tabling of revised Budget 2023 to Parliament on Friday (Feb 24).

Govt proposes new round of tax amnesty with full penalty waiver

Banks in Malaysia believe the Madani Budget has a good balancing act on improving the welfare of the rakyat while supporting the growth of businesses to move Malaysia forward, especially in the post-pandemic era and amid inflationary pressures.

Banks view Madani Budget as having fine balance to help businesses and citizens

The Malaysian Council for Tobacco Control (MCTC) has called on the government to include imposing an excise duty on electronic cigarettes and vaping products that do not contain nicotine as part of the revised Budget 2023 proposals.

In welcoming the government’s move to impose an excise duty on e-cigarettes and vaping products containing nicotine, MCTC said: "The government must also acknowledge that a large part of the e-cigarette and vaping product market consists of products which do not contain nicotine, and the consumption of these products make up a large part of the purported RM2 billion per year income reported by the vape industry.

Consider imposing excise duty on no-nicotine e-cigarettes, vapes, MCTC tells Govt

The Master Builders Association Malaysia (MBAM) urged the government to implement the Mass Rapid Transit Circle Line (MRT3) project, which will allow the construction industry to benefit from the multiplier effect, following the government’s decision to review the project.

Revised Budget 2023: MBAM urges govt to commence MRT3 project to revive construction sector

Some government-linked companies (GLCs) and private companies will take over the Technical Education and Vocational Training (TVET) programme.

Among them are Petroliam Nasional Bhd (Petronas), DRB-Hicom Bhd, Sunway Bhd and Malaysian Resources Corp Bhd, said Prime Minister Datuk Seri Anwar Ibrahim in his speech on the revised Budget 2023.

PM: GLCs and private companies to take over TVET programme

The roll-out of dual-class shares on Bursa Malaysia and capital gains tax on disposal of non-listed shares announced in the revised Budget 2023 may aid in reinvigorating the local capital market, MIDF Research said.

Touching on Putrajaya’s intent to review the implementation of a low-rate capital gains tax on the disposal of non-listing shares, the research house said the measure may attract more listings on the local bourse at the granular level.

Budget 2023 measures may aid capital market’s reinvigoration, says MIDF

The government’s plan to impose capital gains tax on disposal of non-listed shares in 2024 has caught the attention of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), which is concerned that it may eventually be widened to cover other asset classes.

Revised Budget 2023: ACCCIM concerned capital gains tax could be widened to cover other asset classes

KUALA LUMPUR (Nov 7): The Deepavali celebration should serve as a platform to strengthen unity, bridge gaps between communities and foster values of compassion and concern for those in need.

Anwar extends Deepavali greetings, calls for stronger national unity

SoftBank Group Corp and ABB Ltd are looking at carving out the Chinese part of a giant robotics deal as they explore ways to salvage a transaction blocked by Beijing, according to people familiar with the matter.

SoftBank, ABB said to consider China carve-out to salvage robotics deal

Attorney General Tan Sri Mohd Dusuki Mokhtar has sought an audience with the King, Sultan Ibrahim Sultan Iskandar, to seek forgiveness and affirm his commitment to complying with the royal decree on the conditional pardon order involving former prime minister Datuk Seri Najib Razak in the SRC International Sdn Bhd case.

Najib's conditional pardon: AG seeks audience with King

Datuk Seri Anwar Ibrahim has instructed Attorney General Tan Sri Mohd Dusuki Mokhtar to seek an audience with the King, Sultan Ibrahim Sultan Iskandar, immediately to clarify issues surrounding the implementation of the conditional pardon order involving former prime minister Datuk Seri Najib Razak.

Anwar directs AG to seek King’s audience over Najib’s conditional pardon order

The country's online banking system and financial transactions remain secure despite attempted cyberattacks by non-state actors, including a recent hacking incident involving Bank Rakyat's website, Communications Minister and government spokesperson Datuk Seri Fahmi Fadzil said.

Online banking secure in Malaysia despite Bank Rakyat hacking incident — Fahmi

The flood situation in Selangor and Perak continued to worsen, with the number of evacuees at temporary relief centres (PPS) rising to 4,068 on Saturday afternoon from 1,404 in the morning.

Over 4,000 evacuees at relief centres in Selangor and Perak as flood situation worsens

US Secretary of State Marco Rubio is weighing whether to leave the Trump administration, people familiar with the matter said, as he considers his next moves following Republicans’ midterm elections wipeout this week.

Rubio said to weigh leaving administration after Republicans' midterm loss

The East Coast Rail Link (ECRL) has commenced its trial operations, marking the final phase of operational readiness for commercial passenger services, which are targeted to begin on Dec 12, 2026.

ECRL begins trial operations, passenger services targeted to begin on Dec 12

US President Donald Trump named long-time aide Stephen Miller as his chief of staff on Friday, giving the architect of some of his toughest domestic policies one of the most powerful jobs in Washington after Republicans lost control of Congress.

Trump makes hard-liner Stephen Miller his chief of staff after midterm defeat

The Negeri Sembilan Umno liaison committee meeting on Saturday did not discuss a no-confidence motion against Menteri Besar Datuk Ismail Lasim, said Datuk Seri Jalaluddin Alias.

No discussions of no-confidence motion against MB, says Negeri Sembilan Umno

<p>SoftBank Group Corp&nbsp;and ABB Ltd&nbsp;are looking at carving out the Chinese part of a giant robotics deal as they explore ways to salvage a transaction blocked by Beijing, according to people familiar with the matter.</p>


<p>KUALA LUMPUR (Nov 7): The Deepavali celebration&nbsp;should serve as a platform to strengthen unity, bridge gaps between communities and foster values of compassion and concern for those in need.</p>


Budget 2023

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