KUALA LUMPUR: The ringgit traded slightly higher against the US dollar at the opening as traders anticipated that the local currency would trade sideways while focusing on next year's fiscal deficit targets, even as global banks continued to pursue easy monetary policies.
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim will present Budget 2025 in the Dewan Rakyat on Friday afternoon.
The Budget 2025 presentation will be broadcast live on local television stations and social media at 4pm. The 'Raising the Ceiling' thrust aims to restructure the economy and boost the nation's competitiveness, positioning Malaysia as a leader in Asia’s economy, while the 'Raising the Floor' pillar seeks to improve Malaysians' living standards by ensuring equal opportunities, a decent standard of living and social protection for all.
On Oct 7, Anwar, who is also the Finance Minister, said in a Facebook post that Budget 2025 is a continuation of the government's efforts to realise the vision of the Madani Economic Framework.
MADANI Economy Dewan Rakyat Governance Living Standards Competitiveness
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