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#malaysia-budget

6 stories tagged

Malaysia's Digital Economy Positioned to Reach 30% of GDP by 2030, Minister Confirms

Malaysia's digital economy is progressing toward a target of 30% of GDP by 2030, up from 25.5% last year. Digital Minister Gobind Singh Deo highlighted new AI policies and SME-focused initiatives as key drivers of this growth trajectory.

By Khairul Anuar · 19 Aug 2026 · 5 min read

Malaysia Invests RM4.6 Billion to Rehabilitate Sabah's Deteriorating Schools

The Education Ministry has committed RM4.6 billion towards revamping dilapidated schools across Sabah between 2023 and 2026, representing the largest maintenance allocation granted to any Malaysian state or region.

By Khairul Anuar · 29 Jul 2026 · 4 min read

Time to Scrap Colonial-Era Entertainment Tax, Says Theme Parks Chief

The Malaysian Association of Themeparks and Family Attractions is calling on the government to repeal the Entertainment Duty Act 1953, arguing the colonial-era tax unfairly burdens families seeking affordable outings and hampers children's development.

By Khairul Anuar · 23 Jul 2026 · 3 min read

Malaysia To Start Budget 2027 Formulation in August, Tabling Scheduled for October

Prime Minister Anwar Ibrahim says Malaysia will begin preparing Budget 2027 next month, with parliamentary tabling planned for early October. The budget will prioritize tangible improvements in living standards over growth metrics alone.

By Khairul Anuar · 23 Jul 2026 · 3 min read

Malaysia's Fuel Subsidies Could Hit RM3.5 Billion Monthly If Oil Stays At US$90

Malaysia's government faces potential monthly fuel subsidy costs of RM3.5 billion if crude oil prices stabilize around US$90 per barrel, though officials maintain the country's fiscal position remains resilient.

By Khairul Anuar · 22 Jul 2026 · 4 min read

Parliament Approves RM14.5 Billion Transfer of MGII Proceeds to Development Fund

The Dewan Rakyat has approved the transfer of RM14.5 billion in remaining Malaysian Government Investment Issues proceeds to the Development Fund, following parliamentary debate on the country's financing strategy.

By Khairul Anuar · 15 Jul 2026 · 4 min read