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).
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’s government is bracing for public backlash as it commits to rolling back petrol subsidies mid-2025, a ...
Kopi, which is Malay for coffee, was shot dead on 6 October in the Besut district of northern Terengganu state during a ...
“We know that selling petrol and diesel smuggled from Malaysia is wrong but many do so,” he added. Fellow trader, Saleeha ...
Malaysia’s retailers and tourism-related firms are poised to benefit from the national spending plan for next year as the ...
Malaysian Prime Minister Anwar Ibrahim will announce his third budget on Friday, following a good 2024 for the Southeast ...
Malaysia will likely introduce further subsidy cuts and new taxes as part of its budget for next year, analysts and ...
The Malaysian PM said the Progressive Wage Policy, introduced in June as a pilot programme, will be fully implemented next year, backed by an RM200 million allocation aimed at benefiting 50,000 worker ...
Maritime security in the South China Sea and graduate employability are among the key highlights of the Dewan Rakyat sitting ...
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