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By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Oct 12 (Bernama) -- The ringgit closed higher against the US dollar and other major currencies on Monday, supported by positive market sentiment following the Budget 2027 announcement last week, an analyst said.
KUALA LUMPUR, Oct 12 (Bernama) -- Budget 2027 balances addressing the rakyat’s needs with fiscal discipline, but structural reforms are still needed to strengthen Malaysia’s long-term fiscal position, said economists.
KUALA LUMPUR, Oct 12 (Bernama) --The government is working closely with the Energy Commission (EC) and Tenaga Nasional Bhd (TNB) to review the way forward for electricity subsidies next year, as the current 800 kilowatt-hours (kWh) monthly consumption threshold is set to expire in December 2026.
By Siti Noor Afera Abu
KUALA LUMPUR, Oct 12 (Bernama) -- Bursa Malaysia continued last week’s positive performance, led by bargain hunting in banking stocks as Budget 2027 offered additional support through measures targeting small and medium enterprises (SMEs) lending, housing financing and investment-driven credit growth.
KUALA LUMPUR, Oct 12 (Bernama) -- Income tax deductions are proposed for the issuance cost of Sukuk Prisma approved or authorised by the Securities Commission Malaysia (SC) or lodged with SC for the assessment years 2027 to 2030.
KUALA LUMPUR, Oct 12 (Bernama) -- The effectiveness of implementing Budget 2027 depends on how promptly the government disburses aid and how well the federal government, state governments and local authorities coordinate their efforts to reduce the bureaucratic burden on businesses, said an economist.
KUALA LUMPUR, Oct 12 (Bernama) -- The income tax rate for micro, small and medium enterprises (MSMEs) is proposed to be revised, including a one percentage point reduction for the two lowest taxable income bands, effective from the 2027 assessment year.
KUALA LUMPUR, Oct 12 (Bernama) -- Stamp duty remission exceeding RM10 has been proposed for second-tier agreements between mid-tier companies (MTCs) and financial institutions involving excess credit facilities extended to micro, small and medium enterprises (MSMEs), for the period from Jan 1, 2027 to Dec 31, 2030.
KUALA LUMPUR, Oct 12 (Bernama) -- Budget 2027 will provide long-term confidence for investors, strengthen the industrial ecosystem, and ensure that small and medium enterprises (SMEs) and the local workforce widely share the economic benefits, according to the Malaysian Investment Development Authority (MIDA).
KUALA LUMPUR, Oct 12 (Bernama) -- The government proposes expanding the scope of individual income tax relief for lifestyle to include pet care expenses, such as vaccinations and sterilisation treatments by registered veterinary services.
KUALA LUMPUR, Oct 12 (Bernama) -- Corporate Malaysia should use the opportunities presented by Budget 2027 to step up investment, improve productivity and build more sustainable and internationally competitive businesses, said CGS International Securities Malaysia Sdn Bhd (CGS MY).
KUALA LUMPUR, Oct 12 (Bernama) -- The RM60 million allocation made by the government under Budget 2027 to the Malaysian External Trade Development Corporation (MATRADE) can help to build the capability of local companies to penetrate and diversify into export markets.
