Highlights of the 2021 Economic Outlook | The star

[ad_1] Some of the main points of the 2021 Economic Outlook report. The Malaysian economy is expected to recover between 6.5% and 7.5% in 2021, supported by strong economic fundamentals and a well diversified economy. In 2021, the service sector will recover 7%; manufacturing sector, to grow 7% in 2021 …

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LIVE | Increased Lifestyle Tax Relief

[ad_1] PARLIAMENT | Finance Minister Tengku Zafrul Abdul Aziz presents the first budget of the Perikatan Nasional government in the Dewan Rakyat since he came to power in March. Increased Lifestyle Tax Relief 17:53 h: The tax allowance for lifestyle purposes has been increased from RM500 to RM3,000. Zafrul says …

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Malaysia’s economy is projected to grow as much as 7.5% next year, says the government as it presents an expansive budget for 2021

[ad_1] KUALA LUMPUR: Malaysia’s economy is projected to rebound with growth of between 6.5% and 7.5% next year, the government said on Friday (November 6) when it released an expansive budget geared towards to a recovery from COVID-19. The government headed by Prime Minister Muhyiddin Yassin allocated 322.54 billion ringgit …

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Infographic: How does Budget 2021 work in a pandemic?

[ad_1] What does this mean? A family whose loved one suffers from an illness can borrow to pay medical bills, leaving finances tight for years to come. Similarly, Malaysia will find a larger share of its budget in the coming years to repay loans, leaving less for development. The table …

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