* Najib: Malaysia has created 2.26 million jobs, representing 69% of the 3.3 million target by 2020
* Budget 2018 allocates a sum of RM280.25b, up from RM260.8b in 2017
* Per capita income expected to rise to RM42,777 in 2018, from RM40,713 now, says PM
* Federal government's revenue collection projected at RM239.86b in 2018
* Budget 2018 to see RM234.25 billion allocated for operating expenditure, RM46 billion for development expenditure
* Additional RM200m allocated to Amanah Ikhtiar Malaysia in Budget 2018, raising fund size to RM2.7b
* Budget 2018 allocates RM6.5b to assist farmers, fishermen, smallholders and rubber tappers
* Budget 2018 allocates RM200m to SMEs for training programmes, grants and soft loans under the SME Corp
* Najib declares 2020 as Visit Malaysia Year with APEC, WCIT, CHOGM being held
* Najib: Works on ECRL to start by January 2018
* Budget 2018 allocates RM2b to SME Tourism Fund to provide soft loans to tour operators with interest subsidy of 2%
* Najib: Listing Pulau Pangkor as tax free island, except for alcohol, cigarettes, motor vehicles
* Najib: New airport in Tioman is being planned
* Penang International Airport and Langkawi International Airport to be upgraded
* Upgrade of international airports in Penang, Langkawi, Kota Baru, Sandakan with new airport in Mukah
* Najib: Alternative trading system will be introduced
* Feasibility study to be conducted for the building of a bridge from Labuan to mainland Sabah
* Construction of MRT3 to be expedited, with completion by 2025 instead of targeted 2027
* BNM to monitor payments of salaries to foreign workers (except maids) via accounts registered with local banks
* MRT2 project to cost about RM32b, says Najib
* Amanah Dana Anak Malaysia 2050 — Malaysian child born between Jan 1 2018 to 2022 to be awarded starting fund of RM200 via Amanah Saham PNB Units
* Tax incentives for new four- and five-star hotel investments extended until Dec 31, 2020
* Govt to build 14 sports complexes in the country at cost of RM112m
* RM61.6b allocation for education sector in 2018. Malaysia's education expenses is twice as high than that of other countries in Asean on average
* Govt aid of RM100 for students from low-income families continues in 2018, with RM328m allocation which will benefit 3.2 million students
* RM550m allocation for the maintenance and upgrading of schools in 2018
* PTPTN discounts until Dec 31, 2018: 20% discount for full settlement, 15% discount for 50% outstanding settlement, 10% through direct debit from salary
* RM4.9 billion allocated for TVET Malaysia Plan
* Najib: MRT is a ‘success story’ as it was completed ahead of time and RM2b less than originally projected
* Exemption of stamp duty on contract note for transaction of Exchange Traded Fund and Structured warrant over three years from Jan 2018 onwards
* Budget 2018: RM6.5b allocation for rural development
* RM300m to be allocated for National Blue Ocean Shift, including for the building of new Urban Transformation Centres
* Over RM14b to be allocated for the Malaysian Armed Forces, of which close to RM9b for the Royal Malaysian Police and RM900m to the Malaysia Maritime Enforcement Agency
* Najib: To increase equity holdings and investment in strategic sectors, RM150m to be allocated to Pelaburan Hartanah Bhd and RM150m to Ekuinas
* Najib proposes that private sector increase paid maternity leave for employees from 60 days to 90 days, to be in line with the public sector
* 12-month income tax exemption for women returning to workforce (after minimum 2-year break) proposed
* Personal income tax cut for all 2.3m tax payers, with 2% cut in the RM20,000 to RM70,000 tax income bands
* BR1M to continue in 2018, with 7 million BR1M recipients to receive a maximum payout of RM1,200 each in 2018
* Toll collection on Federal Highway (at Batu Tiga, Shah Alam and Sungai Rasau, Selangor); Bukit Kayu Hitam (Kedah) and Eastern Dispersal Link (Johor) abolished from Jan 2018
* Civil servants to get RM1,500 special payment: RM1,000 in early-Jan 2018 and remaining RM500 towards Hari Raya 2018
* Special payment of RM750 for pensioners in 2018
* RM2.5 billion allocated for MARA higher education scholarships, which is the highest ever allocation and to benefit 90,000 students
* Government retirees to receive RM750 special payment each: RM500 to be paid in January 2018 and remaining RM250 towards Hari Raya next year
* 50 Kedai Rakyat 1Malaysia outlets to be transformed to KRIM 2.0 in 2018, with 3,000 outlets set up within 3 years
* Domestic helpers can now be sourced directly from country of origin or online with Immigration Dept, at existing levy and processing fee rates
* Tax exemption on 50% of home rental income up to RM2,000 per month to Malaysians residing in Malaysia. Exemption given from Year Assessment 2018 to 2020
* Cost of hiring foreign domestic helpers to be reviewed, with a view on reducing it in future
* To encourage more affordable housing, Step Up Financing Scheme for PR1MA homes to be extended to private developers, based on criteria to be set
* RM27b allocation for healthcare, of which RM1.4b to maintain and upgrade facilities, RM50m for Voluntary Health Insurance Scheme
* RM1.5b allocated for PR1MA over two years to build 210,000 housing unit priced under RM250,000 per unit
* No GST for reading materials, including magazines, comics and journals, from Jan 1, 2018
* GST exemption for O&G firms that import rigs, floating structures from Jan 1
* RM5b to be allocated under Green Technology Financing Scheme to boost green technology investments
* Capital allowances on ICT equipment to be eligible for full claims between 2018 and 2020
* Civil servants who retire early due to health reasons to get retirement benefits similar to their retired counterparts
http://www.theedgemarkets.com/article/budget-2018-highlights
Created by Tan KW | Aug 27, 2024
Created by Tan KW | Aug 27, 2024
Created by Tan KW | Aug 27, 2024
Created by Tan KW | Aug 27, 2024
Created by Tan KW | Aug 27, 2024
Najib said Malaysia plans to spend 280.25 billion ringgit (£50.54 billion) in 2018, up 7.5 percent from this year's allocated budget of 260.8 billion ringgit.
Before the speech, Najib said the budget would be "mildly expansionary". Analysts had predicted increased spending on handouts and infrastructure projects.
2017-10-27 16:42
no substance. Another meaningless budget. Where are all the money that went into his personal bank account?
2017-10-27 21:16
FBM KLCI gains on Tenaga's rise as PM Najib unveils Malaysia's Budget 2018
http://www.theedgemarkets.com/article/fbm-klci-gains-tenagas-rise-pm-najib-unveils-malaysias-budget-2018
2017-10-27 21:27
“Bursa Malaysia’s performance was also in line with major Asian bourses which continued their gains on Friday, boosted by technology shares, while taking cue from the upbeat earnings of US hi-tech giants, and as the euro hovered near a three-month low against the dollar after the European Central Bank extended its stimulus,” he added.
Read more at http://www.themalaymailonline.com/money/article/bursa-malaysia-rebounds-to-end-higher1#Xs7KTgRYdeKd7q2D.99
2017-10-27 21:30
Budget 2018 sets the direction for TN50 transformation
https://www.nst.com.my/business/2017/10/295947/budget-2018-sets-direction-tn50-transformation#cxrecs_s
2017-10-27 21:37
Today Malaysian semiconductor stocks were bullish. Tonight nasdaq is super bullish. Malaysian semiconductor stocks are poised to surge on Monday. Haha
2017-10-27 23:16
Meaningless budget, administrative expenditure more than development expenditure. How can our country become developed country in 2050? WE are facing bankruptcy country very soon......
2017-10-27 23:25
Bursa M'sia likely to rebound next week
http://www.thesundaily.my/news/2017/10/28/bursa-msia-likely-rebound-next-week
2017-10-29 02:06
hstha
https://www.nytimes.com/reuters/2017/10/27/business/27reuters-malaysia-budget.html
2017-10-27 16:40