Budget 2022: Malaysia needs GST to weather turbulence ahead, say experts

KUALA LUMPUR (Nov 2): Panelists at the Malaysian Economic Association (MEA) 2022 Post-Budget Dialogue were mooting for the reinstatement of the Goods and Services Tax (GST) or the inclusion of a similar tax structure under the current tax regime in order to widen the government’s tax revenue base to prepare for turbulent times ahead.

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MIEA urges govt to extend housing loan scheme to M40

PETALING JAYA (Nov 1): Malaysian Institute of Estate Agents (MIEA) called for the government's attention in encouraging M40’s homeownership by extending the housing loan scheme to M40 income group as well as a move to stimulate the property market.

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Fiabci Malaysia: A timely Budget that helps the families and industries affected by the pandemic

PETALING JAYA (Oct 31):  The newly unveiled Budget 2022 is a timely budget that offers relief to the families and industries which were badly affected by the pandemic, with various one-off incentives on individual income tax would augur well as it helps to lighten the burdens of the rakyat collectively, said Datuk Seri Koe Peng Kang, president of International Real Estate Federation Malaysian chapter (FIABCI Malaysia) “It was also heartening to see one of our wishes on the abolishment of RPGT from the fifth year onwards was tabled albeit taking effect only from the sixth year onwards.

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MBAM: Booster measures needed to support construction industry

PETALING JAYA (Oct 29): The badly battered construction industry due to the Covid-19 pandemic and prolonged lockdown needed strong support from Budget 2022, hence Master Builders Association Malaysia (MBAM) called for government’s support to offer further assistance for the industry players to speed up the recovery process.

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All eyes on Budget 2022

In another few hours, the long awaited Budget 2022 will be announced by the Finance Minister Datuk Seri Tengku Zafrul Aziz.

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