KUALA LUMPUR, Oct 9 (Bernama) -- Budget 2027 is expected to channel savings from targeted subsidy reforms and stronger revenue collection back to the rakyat and businesses while maintaining fiscal discipline, said PwC Malaysia.
By Nor Baizura Basri
KUALA LUMPUR, Oct 9 (Bernama) -- The 2027 Budget provides a fair and equitable share for citizens from all strata of life, despite the government navigating a tough global landscape, as it is fully cognizant of the challenges ordinary people face in their everyday lives.
KUALA LUMPUR, Oct 9 (Bernama) -- The Small and Medium Enterprises Association of Malaysia (SAMENTA) welcomes the one per cent corporate income tax reduction for micro, small and medium enterprises (MSMEs) under Budget 2027, which is expected to provide up to RM6,000 in tax savings to over 300,000 SMEs.
KUALA LUMPUR, Oct 9 (Bernama) -- The increase in total loan facilities and financing guarantees to RM57 billion in 2027 will strengthen businesses’ access to financing and support their investment needs, said the Federation of Malaysian Manufacturing (FMM).
KUALA LUMPUR, Oct 9 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) said the government's RM200 first-year premium subsidy under the MediAsas plan for eligible small and medium enterprises (SMEs) will help expand access to basic medical protection among workers.
By Sharifah Hunaini Syed Ismail, Niam Seet Wei and Kisho Kumari Sucedaram
KUALA LUMPUR, Oct 9 (Bernama) -- Malaysia’s Budget 2027 totalling RM459.8 billion is aimed at translating resilient economic growth into tangible benefits for the people through better wages, more efficient targeted assistance, stronger fiscal discipline, and aggressive shift towards higher-value industries.
KUALA LUMPUR, Oct 9 (Bernama) -- Malaysia's gross domestic product (GDP) growth forecast of 4.2 per cent to 5.2 per cent for 2027 takes into account global uncertainties, including ongoing developments overseas, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR, Oct 9 (Bernama) -- Bank Negara Malaysia (BNM) will provide an additional RM5 billion on top of the RM5 billion already allocated to help small and medium enterprises (SMEs) affected by the West Asia conflict finance their businesses, said Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR, Oct 9 (Bernama) -- The government has allocated RM60 million to the Malaysia External Trade Development Corporation (MATRADE) for next year to help local companies build the capacity to enter and diversify into overseas markets.
KUALA LUMPUR, Oct 9 (Bernama) -- Loan facilities and financing guarantees for micro, small, and medium enterprises (MSMEs) will be increased to RM57 billion in 2027 from RM50 billion, said Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR, Oct 9 (Bernama) -- The fiscal deficit is projected to narrow to 3.3 per cent of gross domestic product (GDP) in 2027, in line with the medium-term consolidation under the Public Finance and Fiscal Responsibility Act 2023 (Act 850), the Ministry of Finance (MoF) said.
KUALA LUMPUR, Oct 9 (Bernama) -- The government has agreed to provide matching grants of up to RM5,000 to micro, small, and medium enterprises (MSMEs) seeking halal certification for the first time, said Prime Minister Datuk Seri Anwar Ibrahim.
