Govt to form legislative reform team to review existing laws, says Anwar

Banking industry leaders react to the proposals tabled in Budget 2025

KUALA LUMPUR: The government will establish a legislative reform team to spearhead the updating of commercial laws, particularly the Contract Act 1950, to keep pace with changing times, says Prime Minister Datuk Seri Anwar Ibrahim.

Anwar announced that the allocation for Parliament has been increased from RM166mil in 2024 to RM180mil for next year. In addition, the Prime Minister said RM20mil had been set aside to support the All-Party Parliamentary Group for Malaysia’s Sustainable Development Goals, which encompassed various parliamentary constituencies and political parties.

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