With a value of RM393.8 billion, the total allocation for this year's federal budget is the highest in history.
Cover image via Parlimen Malaysia & New Straits Times Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news.
Image via Parlimen Malaysia 3. RM2.4 billion will be allocated to improve civil servants' quarters The Finance Minister said the money will be used to build, maintain, and repair quarters for civil servants, teachers, hospital staff, policemen, soldiers, and firefighters. As for international artistes, as well as performances like musicals, film screenings, and sporting events, they will only be charged a 10% entertainment tax.
Image via Parlimen Malaysia 7. RM2.8 billion will be allocated for road maintenance and federal bridges Anwar said RM300 million out of the RM 2.8 billion will be specifically allocated for G1 to G4 contractors. Image via New Straits Times 10. Employee Provident Fund to establish an account for members to withdraw at any time Anwar said the proposal can empower EPF members to manage their retirement savings.In July, EPF chief strategy officer Nurhisham Hussein said those who sign up for an 'Account 3' will be able to transfer their savings from Accounts 1 and 2 to Account 3, from which people will be able to make unconditional withdrawals.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Highlights of Budget 2024KUALA LUMPUR: A number of taxation reform measures will be implemented next year to expand the country's revenue base and at the same time not burden the majority of the people.
Read more »
LIVE: Next Visit Malaysia Year to 2026Stay tuned for the highlights of the 2024 budget.
Read more »
Unscrambling the myths surrounding eggsOn World Egg Day, FMT Lifestyle highlights the health benefits of the much-misunderstood egg.
Read more »
Asian shares plummet as US price data revives rate hike jittersFed rate futures point to a 40% December hike as higher CPI data highlights inflation challenges.
Read more »
Microsoft challenges US$29bil unpaid tax claim from IRSThe case highlights revenue-shifting practices used to optimise profits in lower-tax nations.
Read more »
Grab’s 70% tumble shows limits of Singapore’s tech dreamThe ride-hailing firm’s rocky path highlights Asia’s Silicon Valley ambition challenges.
Read more »