Budget 2023 focuses on reviving B40, M40, say economists

THE revised Budget 2023 tabled yesterday by Finance Minister Anwar Ibrahim is very much focused on reviving the B40 and M40 socio-economic segments in the country to ensure that no one is left behind, economists said. Associate Professor Dr Ahmed Razman Abdul Latiff said the budget shows that Anwar, who is also prime minister, is […]

Tourism industry welcomes relaxed rules on recruiting migrant workers

THE Human Resources Ministry’s decision to extend the relaxation of conditions on foreign worker recruitment to the tourism industry will help solve 10% to 20% of its manpower needs, industry players said. Malaysian Chinese Tourism Association (MCTA) president Paul Paw said the move would greatly assist the labour-intensive industry rebound from the havoc wreaked by […]

Mixed feelings from B40 group about Budget 2023

THE response from the B40 group to Budget 2023 unveiled by Prime Minister Anwar Ibrahim yesterday has been mixed. They said that while there are certain goodies for the people, they were hoping to see more improvements to tackle the rising cost of living, adding that subsidies will greatly assist them, but only in the […]

Govt to set up Budget 2023 monitoring committee

THE government is planning to set up a monitoring committee to ensure that every development proposal announced under Budget 2023 can be achieved. Deputy Finance Minister Ahmad Maslan said the committee would monitor each ministry over the RM99 billion funding for development expenditure.

‘RM36.3bil is not enough’

PETALING JAYA: While the Health Ministry received the second highest allocation under the unity government’s maiden budget with RM36.3bil, health experts say the allocation falls short of being enough to address the various needs of the healthcare sector. Read full story

Higher medical tax relief for special needs kids

PETALING JAYA: The increase in the tax relief limit from RM8,000 to RM10,000 for medical treatment expenses for people with special needs will ease the burden on parents of children with autism, says the National Autism Society of Malaysia (Nasom). Read full story

Budget to boost economic growth, says Anwar

PETALING JAYA: Budget 2023 will encourage economic growth while ensuring a fairer distribution of the country’s wealth to help Malaysians in need, says Finance Minister Datuk Seri Anwar Ibrahim. Read full story

A unique budget for revitalisation

PETALING JAYA: Budget 2023, unlike many earlier ones, is not one that is a continuation of promises laid out in larger umbrella plans like the Malaysia Plans. Read full story

‘Cut red tape in school fund distribution’

JOHOR BARU: The RM2.3bil fund allocated through Budget 2023 to carry out upgrading works at schools nationwide should be dispersed quickly without the hassle of bureaucracy. Read full story

Tax hike but 2.4 million to pay less

KUALA LUMPUR: Income tax has been raised by 0.5 to 2% for those earning between RM100,000 and RM1mil annually under Budget 2023, but it will only affect some 150,000 people. Read full story