Archive - 2 November 2018

'Copy and paste' job or people's budget?

'Copy and paste' job or people's budget?

BUDGET 2019 | BN MPs see parallels between Harapan's budget and their own, while those on the government bench say this budget focusses more on the poor.

Zahid: This is a budget for the gov't, not the rakyat

Zahid: This is a budget for the gov't, not the rakyat

BUDGET 2019 | Opposition leader asks how Putrajaya will fund its RM314.5b budget when the national debt stands at RM1 trillion.

Budget 2019: What’s in it for you?

Budget 2019: What’s in it for you?

INTERACTIVE | Use this online tool to find out what allocations you’ll benefit from.

Dr M's flashback: I wanted to be education minister, but...

Dr M's flashback: I wanted to be education minister, but...

PM says 'they didn't allow' him to helm the portfolio when explaining the RM60.2b allocation for the Education Ministry.

RM7.4b samurai bonds to 'retire' loans from previous gov't: Dr M

RM7.4b samurai bonds to 'retire' loans from previous gov't: Dr M

BUDGET 2019 | The Japanese government will guarantee the bonds, reveals the prime minister.

RM1b fund to help lower income group own houses

RM1b fund to help lower income group own houses

The fund will be available for two years starting from January next year, says Bank Negara.

Dr M: Jho Low led a life every man dreams of, but now like a 'rat'

Dr M: Jho Low led a life every man dreams of, but now like a 'rat'

The premier says this when commenting on the US indicting the fugitive financier.

Gov't proposes to impose departure levy

Gov't proposes to impose departure levy

BUDGET 2019 | The proposed rate is two-tiered.

Netflix, Spotify, Steam and other foreign digital services to be taxed

Netflix, Spotify, Steam and other foreign digital services to be taxed

BUDGET 2019 | This in a bid to level the playing field with local companies, says the finance minister.

Perak palace didn't interfere to exclude Koon from SEAC - MB

Perak palace didn't interfere to exclude Koon from SEAC - MB

Ahmad Faizal says he's solely responsible for terminating Koon's appointment.

Stamp duty waiver for first-time purchases of houses

Stamp duty waiver for first-time purchases of houses

BUDGET 2019 | This applies for houses priced between RM300,001 and RM1 million, says the finance minister.

Unfair to punish Umno for 1MDB scandal, says deputy president

Unfair to punish Umno for 1MDB scandal, says deputy president

Mohamad Hasan says the party was never involved in 1MDB's operation and transactions.

Tax restructuring to boost Labuan's competitiveness

Tax restructuring to boost Labuan's competitiveness

BUDGET 2019 | The proposal aims to further boost the island as the financial hub.

Fuel prices - Najib mocks Harapan over return to managed float

Fuel prices - Najib mocks Harapan over return to managed float

BUDGET 2019 | The finance minister had announced that this was for better management and to curb leakages.

'Bungalow' and jeers during Guan Eng's speech

'Bungalow' and jeers during Guan Eng's speech

BUDGET 2019 | Finance minister's speech on IRB going after those with explained wealth and a cleaner government irks opposition bench. 

Please Tun, don't let them in …

Please Tun, don't let them in …

LETTER | Please keep them out of your threshold, the further, the better.

Gov't to reduce equity ownership in non-strategic companies

Gov't to reduce equity ownership in non-strategic companies

BUDGET 2019 | The proceeds will be used to reduce debt.

Businesses allowed to carry forward unabsorbed losses

Businesses allowed to carry forward unabsorbed losses

BUDGET 2019 | This for a maximum period of seven years of assessment, announces the finance minister. 

Exam abolition for lower primary will not increase teachers’ burden - Maszlee

Exam abolition for lower primary will not increase teachers’ burden - Maszlee

They only need to monitor consistently along with the parents, the minister says.

Death penalty is a shield to protect us

Death penalty is a shield to protect us

LETTER | Killers have failed to respect the lives of others, do they deserve the same respect from us?

Up to RM1,480 in BSH payments; RON95 to be floated with targeted subsidy

Up to RM1,480 in BSH payments; RON95 to be floated with targeted subsidy

UPDATED 6.44PM | Gov't will also end blanket electricity subsidy and will instead double it for the poor.

Exchange rate has the highest impact on CPI

Exchange rate has the highest impact on CPI

BUDGET 2019 | This is followed by crude oil price, external debt/export ratio and indirect tax per capita.

National debt worth RM70b to mature next year

National debt worth RM70b to mature next year

BUDGET 2019 | About 25 pct is to be redeemed in the first half of 2019

Gov't to speed up digitisation among SMEs

Gov't to speed up digitisation among SMEs

This by streamlining related regulations and upgrading infrastructure, says Finance Ministry.

Gov't recognises need to enhance fiscal risk management

Gov't recognises need to enhance fiscal risk management

Budget 2019 | This because existing tools to enhance revenue and expenditure efficiency are fragmented.

Reform of pension system needed to cope with ageing population

Reform of pension system needed to cope with ageing population

BUDGET 2019 | Finance Ministry reports that current scheme may not be sustainable in the long run.

Gov’t to table Fiscal Responsibility Act in 2021

Gov’t to table Fiscal Responsibility Act in 2021

BUDGET 2019 | The new law is to help prevent uncontrolled government spending, says finance minister.

Gov't sets sights on tackling youth unemployment

Gov't sets sights on tackling youth unemployment

This will be done by identifying the skills needed by industries and mainstreaming TVET, says Finance Ministry. 

Domestic demand to grow at 5 and 4.8pct in 2018 and 2019

Domestic demand to grow at 5 and 4.8pct in 2018 and 2019

BUDGET 2019 | Private consumption to remain the major growth determinant, says Economic Outlook 2019 report.

Putrajaya refrains from cuts but deficit set to spike

Putrajaya refrains from cuts but deficit set to spike

BUDGET 2019 | The deficit is now expected to climb to 3.7 percent for 2018 amid a revenue shortfall.

US-China trade conflict may impact Malaysia - MOF

US-China trade conflict may impact Malaysia - MOF

The Ministry of Finance says this in its Economic Outlook 2019 report tabled in Parliament today.

Malaysia Inc policy to make a comeback

Malaysia Inc policy to make a comeback

BUDGET 2019 | The policy will create an atmosphere of trust to operate within the concept of a Malaysian company.

Roger Ng to be extradited to US to face 1MDB charges

Roger Ng to be extradited to US to face 1MDB charges

Amar Singh says the process is ongoing and he will be sent there once it is complete.

Putrajaya limits new taxes, turns to Petronas to cover GST hole

Putrajaya limits new taxes, turns to Petronas to cover GST hole

BUDGET 2019 | Introduction of a sugar tax and an increase in gambling licence are some measures being taken.

LIVE: Lim ends 130-minute speech with message for 'crooks and their supporters'

LIVE: Lim ends 130-minute speech with message for 'crooks and their supporters'

LIVE | BUDGET 2019 | This is the first budget to be tabled by a new government since the nation's independence in 1957 following BN's defeat.

Japan aims to open door wider for foreign blue-collar workers

Japan aims to open door wider for foreign blue-collar workers

The move marks a controversial shift in immigration-shy Japan.

 

Chinese nationals among 16 nabbed for illegal mining in Pahang

Chinese nationals among 16 nabbed for illegal mining in Pahang

Several heaps of minerals believed to contain gold also seized.

Prepare for youth disillusionment if party-hopping allowed, MP warns

Prepare for youth disillusionment if party-hopping allowed, MP warns

Nik Nazmi says cynicism among the young cannot be avoided if the government changes but its people don't.

Man, 60, nabbed for robbing, molesting woman

Man, 60, nabbed for robbing, molesting woman

The suspect had impersonated a JKR employee before offering the 30-year-old victim a ride, then robbing and molesting her. 

Zahid: Can we trust Harapan's budget after failed promises?

Zahid: Can we trust Harapan's budget after failed promises?

The people are waiting with 'baited breath and hope' for the budget, Umno president says.

10 M'sians among 15 'Macau Scam' members arrested in Thailand

10 M'sians among 15 'Macau Scam' members arrested in Thailand

Thai police also seized 51 mobile phones, a computer, dozens of bank account books, ATM cards and cash.

Puad: If Anwar becomes PM, he can charge Dr M and Daim

Puad: If Anwar becomes PM, he can charge Dr M and Daim

Umno man says Anwar must move fast to become PM, or Mahathir may charge him first.

Freedom of speech is the new censorship

Freedom of speech is the new censorship

COMMENT | The reality today is that truth and facts no longer mean anything.

DPMM exco claims RM5m allocation from PMO 'missing', RM6.4m used for GE14

DPMM exco claims RM5m allocation from PMO 'missing', RM6.4m used for GE14

Malay Chamber of Commerce exco members file a suit over 'dubious' transactions involving more than RM10m.

DOJ: 'Cakes for madam boss' - Jho Low's code for bribes to Mrs MO1

DOJ: 'Cakes for madam boss' - Jho Low's code for bribes to Mrs MO1

The matter was discussed in an online chat in 2014, between Jho Low and Goldman executive Tim Leissner.

TVET and Industry Commission vital for better coordination - Nurul Izzah

TVET and Industry Commission vital for better coordination - Nurul Izzah

Such a move will fulfil the country's needs for a skilled workforce, she says.

'MO1' and wife mentioned in DOJ charge documents on Jho Low

'MO1' and wife mentioned in DOJ charge documents on Jho Low

This after Jho Low and several Goldman Sachs bankers were indicted by the US for alleged crimes in relation to 1MDB.

Guan Eng's suit against NST settled

Guan Eng's suit against NST settled

Newspaper apologises to ex-Penang CM over an article on mufti appointment, pays damages of RM200,000.

Maszlee hopes all stakeholders will be consulted in UM restructuring

Maszlee hopes all stakeholders will be consulted in UM restructuring

This in response to the varsity's staff that their views had been left out in the exercise.

MACC rings Najib's doorbell again to collect info

MACC rings Najib's doorbell again to collect info

Azam Baki denies that the MACC carried out a raid at the ex-premier's residence.

Perak MB to receive 'Datuk Seri' title

Perak MB to receive 'Datuk Seri' title

The Perak Harapan chairman, as well as UM's pro-chancellor, will receive the SPMP award.

Court allows Steram to consider amending suit against EC

Court allows Steram to consider amending suit against EC

The High Court in Kuala Lumpur also fixes four days in August next year, for trial.

'The Kedah Sultanate will not be toppled by Kadir Jasin’s words'

'The Kedah Sultanate will not be toppled by Kadir Jasin’s words'

COMMENT | CIJ wants all MPs trained on freedom of expression and information in order to better fulfil their public duties.

Japanese maker of train in deadly Taiwan crash finds design flaw

Japanese maker of train in deadly Taiwan crash finds design flaw

Company identifies failure to alert central control system that automatic safety feature was turned off.

Sultan Nazrin Shah to exercise King’s functions until year-end

Sultan Nazrin Shah to exercise King’s functions until year-end

The Perak sultan is stepping in for Sultan Muhammad V, who will be resting following treatment.

Declare full assets, not just incomes!

Declare full assets, not just incomes!

COMMENT | Public officials should declare all their assets, including their spouses' and children's, to prevent corruption in politics.

US says 'handful more weeks' before it responds to Khashoggi killing

US says 'handful more weeks' before it responds to Khashoggi killing

US has 'deep and long-term strategic relationships' with Saudi Arabia.

Pakistani Christian woman's blasphemy ordeal highlights plight of minorities

Pakistani Christian woman's blasphemy ordeal highlights plight of minorities

With Bibi soon to be free, her family is struggling to make plans.

Google's '#metoo' moment: Workers walk out over women's rights

Google's '#metoo' moment: Workers walk out over women's rights

This follows a report that Google paid out US$90m exit package to a senior veep accused of sexual harassment.

Pilot radioed alert on doomed Indonesian jet's previous flight

Pilot radioed alert on doomed Indonesian jet's previous flight

The same jet crashed on another flight hours later, killing all 189 people on board.

K'tan Amanah, Umno all for teens night curfew proposal

K'tan Amanah, Umno all for teens night curfew proposal

This will keep youths out of social ills but alternate outlets must be provided for them, state gov't told.

Yoursay: ‘Better let 1,000 guilty people go than hang one innocent person’

Yoursay: ‘Better let 1,000 guilty people go than hang one innocent person’

YOURSAY | ‘Until ‘enthusiastic officers’ are removed, no conviction involving death penalty is safe.’

After 61 years, a new gov't to table first budget

After 61 years, a new gov't to table first budget

Finance Minister Lim Guan Eng will be presenting the 2019 Budget to Parliament at 4pm.

Indicted in the US, Jho Low maintains innocence

Indicted in the US, Jho Low maintains innocence

He's been charged by the US Department of Justice, in absentia, with conspiring to launder billions from 1MDB.

Yoursay: IPIC officials just as culpable on the 1MDB heist

Yoursay: IPIC officials just as culpable on the 1MDB heist

YOURSAY | As its top officials were allegedly involved, UAE should take part of the blame.

In the heat of the night

In the heat of the night

SATIRE | Unlike others, she did not push my hand away when it went across her chest…

Celebrate people's power, not the people in power

Celebrate people's power, not the people in power

COMMENT | Giving politicians carte blanche and ignoring transgressions are akin to placing one's head in the lion's jaws.

Dr M jokes about his long age; Guan Eng tops assets list

Dr M jokes about his long age; Guan Eng tops assets list

KINI ROUNDUP | Key headlines you may have missed yesterday, in brief.