HIGHLIGHTS

Budget 2021: EPF withdrawal helps ease burden of target groups - FOMCA

KUALA LUMPUR, Nov 7 -- The targeted Employees’ Provident Fund (EPF) Account 1 withdrawal facility has been described as the best measure to help ease the burden of those affected by COVID-19 with regard to household expenses.


Budget 2021 a comprehensive road map to revive economy, ensures livelihoods of the poor -- NUBE

KUALA LUMPUR, Nov 7 -- The National Union of Bank Employees (NUBE) has lauded  Budget 2021 as being comprehensive for having covered most of the problem areas impacted by the COVID-19 pandemic, especially in easing the burden of the B40 and M40 household income groups.


Budget 2021 set to strengthen tourist offerings -- Airbnb

KUALA LUMPUR, Nov 7 -- The RM50 million allocation for the improvement of tourist facilities at main attractions, RM20 million allocation to improve the infrastructure and promote cultural villages in certain states, as well as RM10 million allocation to preserve national heritage buildings as iconic tourist spots are vital towards strengthening the country’s tourist offerings.


PENJANA special tax incentives should be extended to existing investors -- FMM

KUALA LUMPUR, Nov 7 -- The PENJANA special tax incentives to attract foreign direct investments (FDIs) to relocate their manufacturing facilities to Malaysia from 2021 until 2022 should be extended to existing investors which had received approvals for expansion, diversification or new projects in 2019, as well as to domestic investments.


2021 Budget encourages purchase of first house among B40, M40

KUALA LUMPUR,  Nov 7 -- The tabling of  Budget 2021, which encouraged purchase of first home, especially among the B40 and M40 groups, will benefit Malaysians having problems to become house owners.


Higher tax relief for individual taxpayers proposed

KUALA LUMPUR, Nov 6 --  The government is proposing that the income tax relief for the cost of medical treatment, special needs and parental care be increased from RM5,000 to RM8,000.


Budget 2021 a catalyst for country's economy, saviour for those affected by COVID-19 - Ministers

KUALA LUMPUR, Nov 6 -- Budget 2021 tabled by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz in the Dewan Rakyat today has been described as a catalyst for the country's economy and a saviour for those affected by the COVID-19 pandemic.


Budget 2021: RM158 mln for development, well-being of Orang Asli

KUALA LUMPUR, Nov 6 -- A total of RM158 million is allocated to the Orang Asli community, among them for the implementation of social assistance programmes and the Integrated Development Programme for Orang Asli Villages. 


Govt proposes IBS tax incentive extension

KUALA LUMPUR, Nov 6 -- The government has proposed to extend the Industrialised Building System (IBS) tax incentive for a period of five years, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.


Budget 2021 reflects govt's commitment to support B40, M40 - MIDF

KUALA LUMPUR, Nov 6 -- Budget 2021 reflects the government’s commitment to provide support to the Bottom 40 (B40) group impacted by the COVID-19 pandemic, opines MIDF Research. 




EXCLUSIVE


ECONOMIC REPORT

Budget 2021: MoT to provide incentives to lighten people’s burden - Wee 

KUALA LUMPUR, Nov 19 -- The Ministry of Transport which receives RM6.05 billion allocation under Budget 2021, will be providing various incentives to benefit the people.


2021 Budget : MAFI, private sector must co-operate to optimise Budget 2021

KUALA LUMPUR, Nov 16  -- The Ministry of Agriculture and Food Industries (MAFI) and the private sector must escalate co-operation to optimise the allocation in the 2021 Budget to MAFI so that ...

Budget 2021 described as inclusive for all in tourism sector

KUALA LUMPUR, Nov 9 -- The inclusive Budget 2021 touching on the involvement of various parties contributing to the economic chain related to the tourism sector is seen capable of revital...



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BUDGET SPEECH



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