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October 26, 2015 6:37 AM Govt planning to tax or penalise more to find more money, Rafizi warns

The government collects RM19 a day from each household but only raised the 1Malaysia People’s Aid (BR1M) by 14 sen daily, Rafizi Ramli claimed. The PKR secretary-general said it was estimated that every household on average would spend RM27,857 annually on the goods and services tax (GST), excise duty, and Individual taxes, among others, next year. “People 13

October 25, 2015 8:10 AM Budget won't help overcome economy crisis, says Guan Eng

KLANG: Despite the goodies and incentives outlined in Budget 2016 for the rakyat, DAP secretary-general Lim Guan Eng (pix) is of the opinion that it will not help overcome Malaysia's economic crisis nor lighten the people's cost of living. He said that the economy crisis will continue if the government does not abolish the Goods and Services Tax (GST) 4

October 23, 2015 12:57 PM Budget 2016: Malaysia not a failed nation

KUALA LUMPUR: The government has allocated a total of RM267.2 billion for next year's budget, an increase of RM6.5 billion from this year. This is despite the reducing government revenue and drop in commodity prices. Unveiling the Budget 2016 today, Prime Minister Datuk Seri Najib Abdul Razak told the Dewan Rakyat that despite daunting challenges of the uncertain 20

October 23, 2015 11:29 AM Pua: Budget 2016 figures don’t read right

Prime Minister Najib Abdul Razak failed to provide a credible plan for the government against all contingencies arising as a result of 1MDB. KUALA LUMPUR: Budget 2016 will not only fail to lift local and international investor confidence, it will be another non-event which will soon be overshadowed by the multi-billion ringgit scandals of the Najib administration 15

October 23, 2015 10:20 AM Najib tables RM267.2bn Budget for 2016

KUALA LUMPUR, Oct 23 (MySinchew) -- Prime minister cum finance minister Datuk Seri Najib Tun Razak has arrived at Dewan Rakyat to table the 2016 Budget. The budget outlines five priorities, namely strengthening economic resilience, increasing productivity, innovation and green technology, empowering human capital, advancing the Bumiputera agenda, and easing 8

October 23, 2015 9:48 AM Live updates: 2016 Budget

The Rakyat Post brings you live coverage of the tabling of the 2016 Budget by Prime Minister Datuk Seri Najib Razak. Follow us on Facebook The Rakyat Post as well as Twitter @therakyatpost for the news as it unfolds. Civil servants will be given a special allowance of RM500. For civil servant pensioners, the amount is RM250. This will be paid in January 23

October 23, 2015 9:35 AM GST‬ revenue at RM39bn

KUALA LUMPUR, Oct 23 (MySinchew) -- Prime minister cum finance minister Datuk Seri Najib Tun Razak has arrived at Dewan Rakyat to table the 2016 Budget. The budget outlines five priorities, namely strengthening economic resilience, increasing productivity, innovation and green technology, empowering human capital, advancing the Bumiputera agenda, and easing 7

October 23, 2015 8:18 AM State of the Malaysian economy

THE economy is expected to grow at a lower pace next year compared with 2015 as the government projects slower growth in the manufacturing, services and construction sectors. The report said GDP was expected to expand between 4% and 5% in 2016 compared with the 4.4% to 5.5% growth estimated for the current year. Domestic demand was expected to offset 6

October 23, 2015 8:13 AM RM27b GST saves the day for gov't

ECONOMIC REPORT An estimated RM27 billion is expected to be collected in 2015 from the Goods and Services Tax (GST), cushioning the blow of lower crude oil prices, according to the 2015/2016 Economic Report by the Finance Ministry. The collection is higher than the initial projection of RM21 billion when GST was implemented. GST is categorised as indirect 6

October 22, 2015 10:10 AM Budget 2016 to focus on long-term economic prospects

Najib Razak says the 2016 budget will include several measures to ensure economic growth stays on a strong and stable path. KUALA LUMPUR: The 2016 Budget, to be unveiled tomorrow by Prime Minister Najib Razak, will likely revolve around strategies to transform the country into a developed and high-income economy by 2020. The Budget proposals will include 9