Recent news have reported that Kuala Lumpur City Hall (DBKL) is considering an increase in both assessment tax and quit rent rates, following the Selangor state government’s 25% hike from January next year.
The Penang government is granting a 100% exemption from quit rent and parcel rent penalty arrears to all land and parcel owners in the state who make payments for the two taxes from Jan 2 to Feb 28, 2025.
Noteworthy:
April 2024
Noteworthy:
When: October 2024
The government has removed the 85% demand capacity cap for non-domestic users under its self-consumption (SelCo) programme, and to allow the installation of solar panels on the ground and over bodies of water.
Bank Negara Malaysia’s (BNM) proposal to abolish the flat-rate method for calculating personal financing is seen as a significant step towards improving the financial health of households, said an economist.
NEM Rakyat will be increased by 150 megawatts (MW) to 600MW, while NEM Nova will be increased by 300MW to 1,700MW.
Of the total, RM335 million was awarded to 1,631 G1 Bumiputera companies this year, compared with RM333 million received by 1,585 G1 Bumiputera companies recorded last year.
A sale-and-purchase agreement for the land, the site of the former Royal Malaysian Air Force base on Jalan Sungai Besi, Kuala Lumpur, was signed with Bandar Malaysia Sdn Bhd and Bandar Malaysia Land Sdn Bhd on Oct 4.
The projects involved approximately 3,000 homeowners affected by the delays.
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