Malaysia’s Budget 2025 Boosts Smart City Development with RM15.1 Million Allocation In a landmark move, Malaysia’s Budget 2025 has allocated RM15.1 million to the Housing and Local Government Ministry to propel the development of smart cities across the nation. Described as the largest allocation for such initiatives to date, Housing and Local Government Minister Nga Kor Ming emphasized that these...
In Malaysia’s largest-ever budget allocation of RM421 billion, Budget 2025 has primarily favored the education and healthcare sectors, with comparatively fewer incentives directed toward the property sector. According to Henry Butcher Malaysia, the allocation offers key benefits for first-time home buyers and the B40 income group but leaves the M40 relatively underserved. While developers' pre-budget...
Malaysia's Budget 2025, themed MADANI Economy: Prosperous Nation, Well-being of the People, was presented by Prime Minister Anwar Ibrahim with a record allocation of RM421 billion. The budget focuses on revitalizing the economy, implementing reforms, and improving quality of life for Malaysians. Here's a comprehensive breakdown of the key announcements: Affordable Housing and First-Time Homebuyer...
Malaysia's Budget 2025 has sparked discussions about its long-term impacts on foreign investment, economic growth, and the equity market. While immediate effects on equities appear muted, analysts remain optimistic about the government’s fiscal reforms and broader economic policies. The budget aims to rebuild fiscal health and position Malaysia as an attractive hub for foreign direct investment (FDI),...
Budget 2025 Offers Tax Relief for First-Time Homebuyers While Budget 2025 may not be seen as a property-focused budget, property experts have praised the introduction of tax relief for housing loan interest payments, a move expected to incentivize first-time homeownership. Key Housing Tax Relief Measures: RM7,000 tax relief for housing loan interest payments on homes priced up to RM500,000....
Malaysia's Budget 2025: Will Petrol Subsidies Be Cut? In the lead-up to the unveiling of Malaysia's Budget 2025 on October 18, the primary focus has been on the government's possible move to slash petrol subsidies. With the country's economy showing signs of recovery and the ringgit strengthening, Prime Minister Anwar Ibrahim has hinted at further actions to improve public finances. The challenge for the...
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