Round-the-clock breaking news from Malaysia.
The Malaysian government plans to make Budget 2027 more responsive to household affordability concerns, factoring in volatile global markets and geopolitical risks while pursuing domestic and foreign investment to support the 13th Malaysia Plan.
Malaysia's largest Chinese business chamber has endorsed government initiatives to reduce compliance and operating costs for small enterprises, including a doubling of e-invoice exemption thresholds and increased micro-business financing.
Prime Minister Anwar Ibrahim has unveiled six immediate measures aimed at alleviating cost-of-living pressures and supporting businesses ahead of the 2027 Budget presentation scheduled for October.
The Ministry of Youth and Sports has launched a nationwide consultation tour across six zones to gather feedback from young Malaysians for Budget 2027, with sessions already underway in the northern region.
Malaysia's government is evaluating numerous proposals to strengthen MSMEs ahead of Budget 2027's October tabling, with Finance Minister II Amir Hamzah emphasizing their role as economic pillars.
Prime Minister Anwar Ibrahim has pledged to introduce a financial allowance for Form Six students in the upcoming 2027 Budget, filling a gap in the government's education assistance programme that currently covers primary through Form Five and university levels.
Malaysia's Bumiputera Agenda Steering Unit is pressing for adequate Budget 2027 funding to accelerate implementation of its 10-year economic transformation plan targeting 132 key initiatives through 2035.
The Malaysian Association of Tour and Travel Agents is calling on the government to provide greater tax incentives for tour operators and significantly increase investment in tourism infrastructure as it prepares Budget 2027 proposals.
Malaysia's digital economy, which contributed 25.5 per cent to GDP last year, is progressing towards a 30 per cent share by 2030. Digital Minister Gobind Singh Deo highlighted AI policies and SME support as key drivers in achieving this ambitious target.
Prime Minister Anwar Ibrahim has indicated the government will examine combining selective features of the GST and SST to create a more equitable tax framework, though Malaysia will maintain SST as its core system.
Prime Minister Anwar Ibrahim has signalled imminent policy changes before the 2027 Budget presentation, with the government set to announce its first batch of reforms on Monday.
Malaysia's Works Ministry has gathered 30 strategic proposals from the construction industry for Budget 2027, emphasizing productivity gains, digital transformation and support for local contractors amid broader infrastructure modernization efforts.
Malaysia's tax authority LHDN has launched registration for its National Taxation Seminar 2026, offering two online sessions in October to brief professionals on Budget 2027 proposals and key taxation changes.
Malaysia's Communications Ministry is prioritizing support for the domestic film industry in Budget 2027, with Deputy Minister Teo Nie Ching confirming preliminary discussions with the Finance Ministry on enhanced funding mechanisms.
Indonesian President Prabowo Subianto will unveil his 2027 budget proposals amid falling approval ratings and investor concerns over his commodity export centralisation plans and fiscal management.
Malaysia's Works Ministry is pursuing its highest-ever development allocation for Budget 2027, seeking to expand infrastructure projects and maintenance work across the country.
Prime Minister Anwar Ibrahim has committed to raising Malaysia's defence allocation under Budget 2027, targeting military modernisation and improved welfare for armed forces personnel and their families.
Prime Minister Anwar Ibrahim has committed to increasing the defence budget in 2027, emphasising the need for robust military readiness and improved personnel welfare to safeguard national security and peace.
The Ministry of Entrepreneur Development and Cooperatives is conducting nationwide stakeholder consultations to gather policy proposals for the 2027 federal budget, prioritising MSME and cooperative sector competitiveness through its ABCD framework.
Prime Minister Anwar Ibrahim has announced that Budget 2027 formulation will commence next month, with the government aiming to table the spending plan in early October. The budget will prioritize economic growth that translates into improved living standards for citizens.
Prime Minister Datuk Seri Anwar Ibrahim has indicated the government is exploring a larger allocation for the Sumbangan Asas Rahmah assistance programme in its 2027 Budget, contingent on Malaysia's economic trajectory.