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Malaysia to widen tax net, raise minimum wages in 2025
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 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 reforms to narrow the country's fiscal deficit.
Malaysia to Cut Petrol Subsidy From 2025 to Slash Deficit
Malaysian Prime Minister Anwar Ibrahim is counting on petrol subsidy cuts and accelerating growth to help reduce the fiscal deficit even as he unveils his biggest annual spending plan yet on Friday. Most Read from BloombergInside the ‘Utopias’ of Mexico CityOne City’s Plan to Re-Link a Neighborhood That Robert Moses DividedCities Look to AI to Flag Residents’ Trash and Recycling MistakesChicago Should Consider Furloughs,
Opinion
Channel NewsAsia Singapore
3h
Opinion
Commentary: Malaysia’s purchase of Kuwaiti Hornet fighter jets - is it worth it?
On the surface, Malaysia’s planned purchase of Hornet fighter jets from Kuwait looks prudent. But there are deeper ...
3h
Malaysia joins Hamas in mourning Yahya Sinwar’s death, PM Anwar says
Malaysia mourns the loss of a warrior and defender of the Palestinian people’, the Malaysian prime minister said of the late ...
1d
on MSN
Killing of much-loved stray dog sparks nationwide backlash in Malaysia
Kopi, which is Malay for coffee, was shot dead on 6 October in the Besut district of northern Terengganu state during a ...
2h
Anwar affirms Malaysia's commitment to strategic partnership with Indonesia
Prime Minister Datuk Seri Anwar Ibrahim has affirmed Malaysia's continued commitment as a strategic partner to Indonesia, ...
2d
The Winners and Losers From Malaysia’s 2025 Spending Plan
Malaysia’s retailers and tourism-related firms are poised to benefit from the national spending plan for next year as the ...
malaymail
51m
National women shuttlers Mei Xing-Pei Kee win Malaysia Super 100 title after beating top-seeded Taiwanese pair
The national women’s doubles pair of Teoh Mei Xing-Go Pei Kee emerged as Malaysia Super 100 2024 champions when they upstaged ...
3h
Malaysia joins Hamas in mourning Yahya Sinwar’s death, Anwar says
Malaysia mourns the loss of a warrior and defender of the Palestinian people’, the Southeast Asian nation’s prime minister ...
2d
Malaysia Plans to Reduce Petrol Subsidies in Middle of 2025
Malaysia will reduce subsidies for its most widely-used petrol, RON95, in mid-2025 as the government seeks to narrow its ...
6h
on MSN
Malaysia committed to universal healthcare, don't be fooled by fake news, says Dzulkefly
The country is committed to providing universal healthcare, says Datuk Seri Dr Dzulkefly Ahmad in urging people not to ...
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