Business group fears proposed gains tax will lead to capital outflows
THE Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) today expressed concern that the proposed capital gains tax on the disposal of non-listed shares in 2024 in Budget 2023 will widen to cover other asset classes, leading to capital outflows. ACCCIM, nonetheless, described the budget that was tabled by Finance Minister Anwar Ibrahim […]
Our 2 biggest wishes fulfilled in budget, says SME association
BUDGET 2023 had addressed our request for an increase in the threshold for the proposed tax reduction for businesses, the Small and Medium Enterprises Association of Malaysia (Samenta) said in its reactions to the budget that was tabled today. “Malaysia’s oldest and largest association of SMEs, thanked Prime Minister Anwar Ibrahim for taking note of […]
German consumer morale climbs on brighter outlook
GERMAN consumers are feeling more optimistic heading into March, a key survey found today, as hopes grow that Europe’s biggest economy would skirt a recession. Pollster GfK said its forward-looking survey of around 2,000 people climbed 3.3 points to reach minus 30.5 points for March, the fifth consecutive monthly increase.
Budget 2023: Madani health scheme can reduce congestion at hospitals, says minister
PUTRAJAYA: The Madani Health Scheme introduced by the government with an allocation of RM120mil under Budget 2023 is a “credit” facility for the B40 group that allows them to meet a general practitioner at private clinics without having to go to the Emergency Department, says Dr Zaliha Mustafa. Read full story
Four senior citizens killed in car-trailer crash near Trong
IPOH: Two couples were killed when the car the four were travelling in crashed head-on with a trailer in Sungai Tinggi, Taiping. Read full story
Budget 2023: Cancelling directly negotiated projects good way to reduce leakages, says don
PETALING JAYA: Cancelling projects worth billions of ringgit awarded through direct negotiations is a good example of how better procurement can reduce leakages, says a don. Read full story
Comms Ministry to meet DNB, telcos on Feb 25, says Minister
KUALA LUMPUR: Communications and Digital Minister Fahmi Fadzil says he will be holding an engagement session with Digital Nasional Berhad (DNB) and all telecommunications service providers on Saturday (Feb 25) to discuss the 5G coverage in the country. Read full story
Budget 2023: MMA urges more clarity in announcement of 1,500 new posts for doctors, pharmacists
PETALING JAYA: More clarity is needed on the announcement of 1,500 positions for medical officers, dentists and pharmacists, says the Malaysian Medical Association (MMA). Read full story
Budget 2023 raises ASB, ASB2 limit to RM300k
THE maximum individual limit for Amanah Saham Bumiputera (ASB) and Amanah Saham Bumiputera 2 (ASB2) will be increased to RM300,000 from RM200,000 previously, said Prime Minister Anwar Ibrahim.
Modi calls for World Bank reform at G20 finance meet
INDIAN Prime Minister Narendra Modi added his voice today to calls for the reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met. The talks in Bengaluru were expected to focus on the continuing damaging effects of the Covid pandemic and the Ukraine war, as well as […]