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Petrol subsidy cuts for top 15% of income earners, increased minimum wage as Malaysia unveils record US$97.8 billion Budget
According to the finance ministry’s outlook for next year, the Malaysian government revenue is projected to grow by 5.5 per cent to RM339.7 billion, spurred by higher direct and indirect tax collections.
Malaysia to widen tax net, raise minimum wages in 2025 as budget spending hits record
Malaysia will introduce a slew of new taxes, cut subsidies for a widely used fuel, and raise the minimum wage from next year, Prime Minister Anwar Ibrahim said on Friday as he announced a record budget spending plan of 421 billion ringgit ($98 billion).
Malaysia’s record 2025 budget to boost economy, welfare, as Anwar leverages political stability
The budget aims to grow Malaysia’s appeal as a destination for hi-tech investments while also uplifting the country’s most vulnerable groups.
Petrol subsidy cuts, new taxes and wage increases to be focus of Malaysia’s 2025 Budget: Analysts
Prime Minister Anwar Ibrahim will be unveiling his third budget at a time of a resurgent economy and a strong ringgit.
Malaysia plans record budget spending in 2025 as reforms boost revenue
Malaysia announced on Friday record budget spending of 421 billion ringgit ($98 billion) for 2025, with the government boosting salaries and retirement funds for civil servants as it pursues further subsidy and tax reforms to bolster revenue.
6h
Budget 2025: Balancing growth and fiscal responsibility
BUDGET 2025, unveiled by Prime Minister Datuk Seri Anwar Ibrahim, marks a significant turning point in the nation’s economic ...
In Depth
Sinar Daily on MSN
1d
In Depth
Explainer: What is the T15 group mentioned by Anwar in 2025 Budget?
While the term ‘T15’ caught the public's attention, its full definition remains under development, prompting both ...
VietnamPlus
22h
Malaysia announces record budget plan for 2025
Malaysian Prime Minister Anwar Ibrahim has submitted to the parliament a budget spending plan for 2025 worth 421 billion MYR ...
Inside The Games
20h
Malaysia boosts 2025 budget for national sports
The Olympic Council of Malaysia praised the Malaysia Madani Budget 2025 presented by Prime Minister Datuk Seri Anwar Ibrahim ...
3d
Anwar to cut fuel and education subsidies for top earners under Malaysia’s Budget 2025
Keeping to his pledge to tax high-income earners, Datuk Seri Anwar on Oct 18 said that the government will remove fuel ...
Astro Awani
3d
PM announces substantial Budget 2025 hastening Malaysia to become Asian economic powerhouse
Datuk Seri Anwar Ibrahim said it would create jobs and also tackle financial leakages to enhance public spending efficiency.
3d
Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit
Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive ...
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