What is the plan for economic recovery? Asks Anwar.

[ad_1] The leader of the opposition, Anwar Ibrahim, highlights the “main weakness” of the budget. (Photo by Bernama) PETALING JAYA: Opposition leader Anwar Ibrahim has criticized the 2021 budget for failing to show the government’s plans to stimulate and boost the nation’s economic recovery. Anwar said the lack of recovery …

Read More »

Budget 2021: What advantages does it offer?

[ad_1] A number of personal benefits have been announced in the 2021 budget. PETALING JAYA: A number of personal benefits were included in the new federal budget announced today, including a cut in income tax and the contribution to the EPF; new EPF withdrawals of up to RM6,000; higher aid …

Read More »

1MDB still has a debt of RM32 billion, says Putrajaya

[ad_1] Malaysia recovered a total of RM13.4 billion in assets linked to 1MDB’s financial trajectory at the end of September. (AP Image) KUALA LUMPUR: 1Malaysia Development Bhd (1MDB), the state fund at the center of a massive corruption scandal, still had an estimated RM32.3 billion in outstanding debt in September, …

Read More »

Public sector debt at RM1.2 trillion

[ad_1] KUALA LUMPUR: Public sector debt until June 2020 increased to RM1.2 trillion or 85.5 percent of Gross Domestic Product (GDP) due to the greater fiscal deficit of the Federal Government to finance the Covid-19 pandemic stimulus measures, said the Ministry of Finance. Last year, it was RM1.136 trillion or …

Read More »