#budget

At RM16.5bil, Najib oversees most expensive PMD yet

At RM16.5bil, Najib oversees most expensive PMD yet

While asking the country to tighten belts, Budget 2014 gives the Prime Minister's Department even more money than the Defence Ministry.

Prices will only go up 5pct, opines Mahathir

Prices will only go up 5pct, opines Mahathir

NONE The former prime minister says that this is because fuel only makes up a small part of costs for producers and businesses.
Ku Li: Get rid of graft if you want to help rakyat

Ku Li: Get rid of graft if you want to help rakyat

UPDATED 2.10PM He says a quick way to address the problem is to make it a must for ministers and ex-ministers to declare their assets. [VIDEOS]
Perkasa: Cut top civil servants' pay, close Pemandu

Perkasa: Cut top civil servants' pay, close Pemandu

NONE The Malay rights group's chief says the government should instead use the money saved to ease the burden of the people.
Umno Youth: Gov't should tighten its belt after fuel hike

Umno Youth: Gov't should tighten its belt after fuel hike

UPDATED 9.25PM Khairy Jamaluddin says this is to show it is serious in reducing the country’s fiscal deficit.
Lokman disappointed with Umno over fuel price hike

Lokman disappointed with Umno over fuel price hike

NONE He says this is because this is the first time the party had broken its promise not to increase fuel prices following an election.
Fuel subsidy cut won't change Fitch's 'negative' outlook

Fuel subsidy cut won't change Fitch's 'negative' outlook

The rating agency says the corrective fiscal measures, while a step in the right direction, are too small to alter its take on the Malaysian economy.

Flasher causes stir at price hike flashmob

Flasher causes stir at price hike flashmob

Protesters denouncing the diesel and petrol price hike were shocked when a woman decided to shed her clothes in the rain.
Cargo surcharge hiked, bus operators want fare review

Cargo surcharge hiked, bus operators want fare review

NONE UPDATED 4.20PM Dearer diesel costs means clients will have to pay a higher fuel surcharge.
Najib still coy on including GST in Budget 2014

Najib still coy on including GST in Budget 2014

NONE UPDATED 2.50PM The PM refuses to confirm or deny talk that the 2014 Budget will include the much talked about 4pct GST.
Gov't may include GST in October budget

Gov't may include GST in October budget

NONE Malaysia runs relatively high gov't debt of 53 percent of gross domestic product and one of Asia’s highest household debt levels.
Where have the money and weapons gone?

Where have the money and weapons gone?

COMMENT The rapid development of the arms trade in Asia has led to the coining of the phrase 'Amazingly Armed Asia' at a Bangkok conference.
'Fitch ratings a wake-up call to cut defence splurge'

'Fitch ratings a wake-up call to cut defence splurge'

NONE Gerakan sec-gen wants the billions in defence shopping curbed and for the government to fix our negative financial outlook.
Anwar dubs Najib an 'ostrich' over Fitch downgrade

Anwar dubs Najib an 'ostrich' over Fitch downgrade

NONE Anwar Ibrahim asks how long more will the Najib administration pretend that it is managing the country's finances prudently?
'Heed stark warning gov't finances heading for trouble'

'Heed stark warning gov't finances heading for trouble'

NONE 'Fitch Ratings' revision of M'sia's outlook to negative is due to gov't attempt to hide official debt for a distorted positive picture...'
Najib: Gov't to address Fitch's concerns in Budget

Najib: Gov't to address Fitch's concerns in Budget

NONE UPDATED 1.25PM But he declines to provide further details on what it will do to address these, including the rise in gov’t debt.
Fitch cuts M'sia outlook on worsening reform prospects

Fitch cuts M'sia outlook on worsening reform prospects

The ratings agency cuts its outlook on Malaysia's sovereign debt to negative, citing gloomier prospects for reforms to tackle rising debt burden.
Najib leads new panel to reduce deficit to 3pct in 2015

Najib leads new panel to reduce deficit to 3pct in 2015

PM Najib adds that his administration is currently on the right track to reduce the federal government's deficit from 4.5pct in 2012 to 4pct this year.
Mega spending on BR1M is what will widen our deficit

Mega spending on BR1M is what will widen our deficit

COMMENT What bothers M'sians is that, in sowing these far-from-truth promises, how is BN going to finance this expenditure?
'BN book given with RM100 aid not to discredit Pakatan'

'BN book given with RM100 aid not to discredit Pakatan'

NONE 'Both Pakatan Rakyat and the BN are criticised in the book', which is a compilation of articles by Gerakan Youth leader Dominic Lau.
Seven million apply for BR1M 2.0

Seven million apply for BR1M 2.0

NONE Fresh applicants comprise about 1.7 million unmarried individuals as well as households which had just applied, says second finance minister.
'Okay for BN reps to hand out RM100 aid'

'Okay for BN reps to hand out RM100 aid'

NONE Puad Zakarshi says as the people's reps they have the right, but fails to explain why banners must be put up until GE13.
25 Budget goodies to roll out in Q1

25 Budget goodies to roll out in Q1

A dizzying list of Budget 2013 'goodies' will be rolled out beginning Jan 1, including the BR1M 2.0 cash handouts.
Rais: We may okay phones 'slightly above' RM500

Rais: We may okay phones 'slightly above' RM500

NONE UPDATED 6.28PM The info minister says he hopes to bring the issue of the smartphone rebates up at next week’s cabinet meeting.