My Sinchew/ Budget

Budget to strengthen national economy in facing global slowdown: Najib

The 2017 Budget, which will be presented in Parliament on Friday, will cover measures to strengthen and move forward the Malaysian economy to face the global slowdown, says Prime Minister Datuk Seri Najib Tun Razak.


Macroscopic planning to lift sustainability

The government can no longer count on handout policies to stimulate the economy. We must create a more sustainable model to lift the national economy for the well-being of all Malaysians.


Budget: Pikom seeks affordability of ICT products, services

The National ICT Association of Malaysia (Pikom) has expressed the hope that the government would improve the affordability and availability of information and communications technology (ICT) goods and services in the 2017 Budget, saying this would benefit the public.


Perodua suggests incentives for first time national car buyers

Perusahaan Otomobil Kedua Sdn Bhd (Perodua) hopes the government will consider including special incentives for first time national vehicle buyers in the upcoming Budget 2017.


Fiscal deficit target achievable on higher oil prices: MIER

The government's target to achieve a lower fiscal deficit of 3.1 per cent this year, against the 3.2 per cent recorded last year, is highly achievable if the current global oil price trend of above US$40 per barrel is sustained until year-end, says an independent think tank.


Poor response for 3% EPF cut

Both the employers and employees have responded negatively to the proposal of cutting the employees' EPF contribution by 3%.


The power of defaults

"Nudge" can be a very useful tactic which if applied wisely in public policies could bring positive effects.


Budget recalibration realistic: economist

The recalibrated Budget 2016 is considered a realistic revision, says Bank Islam Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid.


Lower EPF contribution to boost domestic demand: Zeti

The cut in the employees' contributions to the Employees Provident Fund (EPF) is to boost domestic demand, said Bank Negara Malaysia (BNM) Governor, Tan Sri Dr Zeti Akhtar Aziz.


Budget revision expected to save RM9bn

The government has unveiled 11 restructuring measures and adjustments to the 2016 Budget which is expected to save RM9 billion in operating and development expenditures as announced in October 2015.


 

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