Sharp, essential news and analysis from Malaysia.
Malaysia's government has tasked Finance Minister II Datuk Seri Amir Hamzah Azizan with conducting a comprehensive study on merging elements of GST and SST into a hybrid taxation system, with findings to be presented to Cabinet.
Malaysia's Education Ministry has committed RM4.6 billion to revamp deteriorating schools across Sabah between 2023 and 2026, with the state receiving the highest maintenance funding nationwide.
Malaysia has achieved nearly RM5 billion in budgetary savings through expenditure control measures introduced in response to global supply chain disruptions, Deputy Finance Minister Liew Chin Tong announced in Parliament.
Prime Minister Anwar Ibrahim has pledged continued government support for educator welfare and the national education system, citing Malaysia's position as the country with the highest education budget proportion globally.
Malaysia's government projects fuel subsidies for RON95 petrol and diesel could total RM3.5 billion monthly if crude oil stays at US$90 per barrel, though officials say the country's fiscal position remains secure.
Malaysia's housing ministry is concentrating maintenance efforts on PPR projects over a decade old, focusing on safety-critical systems like lifts and water infrastructure despite funding gaps.
Malaysia's Finance Ministry has defended the use of Asset Recovery Trust Account funds to settle 1MDB and SRC International debts, stating all disbursements comply with approved trust directives and authorized purposes.
Malaysia's fiscal deficit is projected to reach 3.6% of GDP in 2026, only slightly above the government's 3.5% target, despite allocating an additional RM25 billion for fuel subsidies to maintain RON95 petrol prices at RM1.99 per litre.