3d ago
KUALA LUMPUR, Oct 7 (Bernama) -- Malaysia’s fiscal deficit is expected to narrow to RM76 billion, or 3.3 per cent of gross domestic product (GDP), in 2027 from an estimated 3.5 per cent in 2026, keeping the government on track towards its medium-term target of 3.0 per cent by 2028
3d ago
KUALA LUMPUR, Oct 6 (Bernama) -- Fairness, trust and transparency are key to securing public acceptance of difficult fiscal reforms, including subsidy rationalisation, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
4d ago
By Yeoh Cheng Guan
Partner, Indirect Tax, Ernst & Young Tax Consultants Sdn Bhd
KUALA LUMPUR, Oct 6 (Bernama) -- As Budget 2027 approaches, discussions on Malaysia’s indirect tax landscape are once again taking centre stage.
4d ago
KUALA LUMPUR, Oct 6 (Bernama) -- The Bahrain Grand Prix in Malaysia provided a boost to tourism and services activity in the fourth quarter (Q4), while its overall financial impact will be important in assessing the economic viability of hosting Formula One (F1) races in Malaysia on a permanent basis, economists said.
4d ago
KUALA LUMPUR, Oct 5 (Bernama) -- The Federal Government's Accounts Receivable (AR) fell by 1.1 per cent to RM102.032 billion in 2025 from RM103.158 billion the previous year, according to the Auditor-General's Report (LKAN) 2/2026.
5d ago
KUALA LUMPUR, Oct 5 (Bernama) -- The federal government’s financial performance in 2025 improved, with the deficit falling by RM3.878 billion, bringing the deficit-to-gross domestic product ratio to 3.7 per cent from 4.1 per cent in 2024.
6d ago
By Siti Noor Afera Abu
KUALA LUMPUR, Oct 4 (Bernama) -- A refined sales and services tax (SST) system incorporating measures to minimise tax cascading, broaden the tax base and strengthen compliance could help create a more neutral and efficient tax environment for businesses, according to EY Malaysia’s Tax Managing Partner Farah Rosley.
7d ago
KUALA LUMPUR, Oct 3 (Bernama) -- Malaysia’s economic focus has shifted from pursuing efficiency to building greater resilience as the country continues to outperform growth forecasts despite global uncertainty, the Malaysian Investment Development Authority (MIDA) said.
7d ago
KUALA LUMPUR, Oct 3 (Bernama) -- The ringgit is expected to strengthen against the US dollar next week, trading in the range of RM4.07 to RM4.08, as weaker-than-expected US employment data could reinforce expectations that the US Federal Reserve might skip a rate hike this month.
8d ago
By Zufazlin Baharuddin
PETALING JAYA, Oct 2 (Bernama) -- Greater tax certainty for companies and stronger support for small- and medium-cap companies are among the measures that could provide further impetus to Malaysia’s capital market under Budget 2027.
8d ago
By K. Naveen Prabu
KUALA LUMPUR, Oct 2 (Bernama) -- The General Insurance Association of Malaysia (PIAM) has called on the government to provide tax relief for critical coverage such as business interruption insurance to improve the affordability and accessibility of insurance protection.
11d ago
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Sept 29 (Bernama) -- The ringgit strengthened marginally against the US dollar on Tuesday, with market sentiment supported by S&P Global Ratings’ reaffirmation of Malaysia’s ‘A-’ sovereign credit rating with a stable outlook.