My Sinchew/ Budget

RM110m every year for toll compensation

The government has to compensate the highway concessionaire RM110m every year until 2038 in order to abolish tolls at Batu Tiga, Sungai Rasau and Bukit Kayu Hitam.


The losers in populist rivalry

In the end, the rakyat will be forced to foot the bill of the extravagant candies because the politicians will not have to come up with a single cent themselves to be generous.


Budget 2018 comments

It is hoped that full benefits will go to the rakyat and that leakages and corruption will not be allowed to negate a good Budget.


Questions over Budget 2018

Queries that need to be clarified include the allocation for national-type secondary schools and compensation for the four abolished toll gates.


Malaysia to benefit from China's Belt and Road initiative

As an open economy and ranked the top 25 exporting nations in the world, Malaysia stands to reap the benefits from China's Belt and Road Initiative (BRI), as it provides tremendous opportunities to access new market, diversify local products and services and attract foreign direct investment.


RM280.25bn allocated for Budget 2018

In the interest and prosperity of the rakyat, Prime Minister Datuk Seri Najib Tun Razak said the 2018 Budget will have a higher allocation of RM280.25 billion compared with RM260.8 billion in the 2017 Budget.


Govt expenditure to rise to RM265.9bn this year

Federal government expenditure in 2017 is expected to increase 5.4 per cent to RM265.9 billion, but its share to the Gross Domestic Product (GDP), is estimated to decline to 19.8 per cent, said the Ministry of Finance (MOF).


Outstanding external debt fell to RM877.5bn as at end-June

Malaysia's outstanding external debt decreased to RM877.5 billion, or 65.2 per cent of gross domestic product (GDP) as at end-June this year compared with RM916.1 billion, or 74.5 per cent, at end-2016.


Economy to grow 5 - 5.5% next year

The Malaysian economy is projected to continue its strong growth momentum with real gross domestic product (GDP) expanding between 5.0 per cent and 5.5 per cent in 2018, mainly driven by resilient domestic demand and favourable external factors.


DFTZ to help SMEs double exports by 2025

The establishment of the Digital Free Trade Zone (DFTZ) is expected to create 60,000 jobs and double exports of Small and Medium Enterprises (SMEs) to RM162.9 billion by 2025, according to a Finance Ministry report.


 

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