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Budget 2025's focus on Malaysia's real estate sector included a RM10 billion ringgit allocation for the Housing Credit Guarantee Scheme as well as tax relief and RM900 million ringgit for affordable home initiatives. Datuk Chang Kim Loong, Honorary Secretary-General of the National House Buyers Association shares his thoughts on the budget announcement.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life. Image Credit: Shutterstock.com
Budget 2025 is Malaysia's largest ever budget at RM421 billion and comes with plans to increase the minimum wage as well as the possibility of the removal of RON95 petrol subsidies, among others. Dr Afif Bahardin, Secretary of Perikatan Nasional Selangor, shares his views on where the plans for next year's spending met the mark and where they failed and what could have been done better.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life. Image Credit: Shutterstock.com
In Budget 2025, the government allocated RM2.6 billion to the Communications Ministry and RM1.3 billion to the Digital Ministry for a range of initiatives, including improving access to the internet. So how do telcos fit into this mix, especially as our country looks to advance its digital economy? For more perspectives, we speak with Suresh Sidhu, CEO of EdgePoint Infrastructure.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: shutterstock.com
Budget 2025 saw a RM1 billion sovereign fund for the electrical and electronics sector and high-value activities as well as training funds allocated for several universities, to support local players in the semiconductor industry. Andrew Chan, Director, at the Malaysia Semiconductor Industry Association (MSIA) tells us how much the sector might benefit from these funds and schemes.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: shutterstock.com
Budget 2025 was announced last Friday with a slew of tax reliefs, so our producer Jake Lim speaks with Thanneermalai Somasundaram, Managing Director of Thannees Tax Consulting Services for a rundown on what goodies the Budget has for regular Malaysians like you and I.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: shutterstock.com
Education received the highest allocation in Budget 2025 of RM64 billion. Are the budget initiatives put forth as ambitious as the headline figure suggests? We discuss how far Budget 2025 goes in advancing quality education with Datin Noor Azimah Abdul Rahim of the Parent Action Group for Education (PAGE).Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: Shutterstock.com
A long list of mega projects were notably absent during the tabling of Budget 2025. What does this mean for the construction sector which is usually a sector that benefits. Loong Chee Wei, Head of Research, Affin Hwang Investment Bank gives us his perspective whilst giving his top picks.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: Shutterstock.com
Budget 2025 was announced on the 18th of October 2024, by Malaysia's Prime Minister & Finance Minister, Dato' Seri Anwar Ibrahim. We speak to Meenakshi Raman, the President of Sahabat Alam Malaysia (SAM) and Head of Programmes at the Third World Network, to discuss both highlights and missed opportunities from Budget 2025 in terms of allocations for the environment. Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: ShutterstockSee omnystudio.com/listener for privacy information.
Budget 2025 turned out to be Malaysia's largest ever budget at RM421 billion and was focused on revitalising the economy, catalysing transformative change and improving the overall well-being of the people. Sulaiman Akhmady Saheh from property consultants Rahim & Co International helps us unpack what was unveiled and while there weren't many specifics incentives for the real estate sector, some trickle down effect can be expected going forward.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: Shutterstock.com
Budget 2025 allocated RM45.3 billion to the Health Ministry, nearly 10% more than the previous year. Among the items mentioned in the Budget included an increase in on-call allowance for medical and dental officers, a hike in the sugar-sweetened beverage tax, along more than RM1.5 billion ringgit to upgrade infrastructure and facilities. Dr Farhan Rusli, Fellow for the Institute of Research and Development of Policy, a think tank based out of Kuala Lumpur, shares his thoughts.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: shutterstock.com
Despite the SME sector receiving a financing boost of RM40 billion ringgit and a RM3.2 billion ringgit micro-loans support for small traders, the introduction of more sales / sugar taxes, a higher minimum wage and a 2% dividend tax raises concerns about increased financial pressure on consumers and businesses. Chin Chee Seong, National President of SME Association of Malaysia shares his perspectives on why Budget 2025 was off the mark for MSMEs.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: Shutterstock.com
What did Budget 2025 deliver for Malaysia's healthcare needs? For an analysis of the healthcare allocations in next year's budget, we have Dr Muralli Munisamy, Managing Director of the National Cancer Society of Malaysia, and Dr Amjad Rabi, a social and human security economist. We'll also be taking a look at the longer-term reforms needed for health financing, beyond the annual national budgeting cycle.This BFM Budget 2025 Special is brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock
As we unpack Budget 2025 through a macroeconomic lens we speak to Julia Goh, Senior Economist at UOB to find out whether the Madani government has managed to strike a balance between fiscal responsibility and encouraging economic growth with the Budget being the largest on record.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: shutterstock.com
The government has a fiscal deficit target of 4.3% for 2024 and 3.0-3.5% for 2025. To achieve that goal, widening the government's revenue base seems obvious. Is tax reform the solution and what should the government focus on? Soh Lian Seng, Head of Tax at KPMG Malaysia gives us his views.Brought to by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: shutterstock.com
Last year's budget reflected the renewed ambition of the Madani Government to accelerate the country's energy transition and catalyse new investments in the green economy. But this cannot be divorced from the broader climate action agenda of reducing carbon emissions, including the importance of nature-based policies. How can Budget 2025 best balance all the necessary elements for an effective national climate strategy? Dr. Gary Theseira of Climate Governance Malaysia weighs in.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image Credit: shutterstock.com
From burnout to brain drain, the wellbeing and future of our healthcare workers has been a long-standing issue that continues to plague our public healthcare system. What will it take to prioritise the future of our healthcare workers ahead of Budget 2025 and is it just about financial allocations? Here to dive into that and share what's on their budget wishlist, are Dr Timothy Cheng, Chairman of the Malaysian Medical Association's Section Concerning House Officers, Medical Officers and Specialists, as well as Lim Jack Shen, General Secretary of the Malaysian Pharmacists' Society.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock
Health Minister Dato' Seri Dr Dzulkefly Ahmad has said that within the next four to five years, the Ministry of Health plans to introduce a “One Person, One Record” system that is accessible across both government and private health facilities. What should this system look like and what lessons can we learn from previous attempts of digitalising parts of our public healthcare system? Joining us to discuss these questions and what kind of investment is needed for digitalisation ahead of Budget 2025, are Dr Rachel Gong, deputy director of research and Ilyana Syafiqa Mukhris Mudaris, research associate, both from Khazanah Research Institute.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock
Malaysia's Budget 2025 will be tabled in parliament on the 18th of October. How will the Madani government prioritise environmental sustainability and sustainable financing of the economy? We speak to two Malaysians working in the environment and conservation field - Thing Siew Shuen, the Senior Program Manager of Greenpeace Southeast Asia, and Celine Lim, the Managing Director of Save Rivers - about their wishlist for Budget 2025.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: ShutterstockSee omnystudio.com/listener for privacy information.
The government has allocated RM72 million ringgit to strengthen the competitive athlete ecosystem, including RM20 million for Malaysia's Road to Gold programme and RM12 million to support para-athletes in international competitions. Will this be enough to secure the country's first Olympic gold medal next year? Youth and Sports Minister Hannah Yeoh joins us in-studio to discuss her plans for sporting greatness.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.
The fixed income market is highly correlated to macroeconomic forecast, debt and fiscal targets which makes the Budget 2024 particularly relevant. Edward Toh, CIO, Fixed Income, Areca Capital tells us if the government targets change his outlook and investment strategy especially since the yield differential between Malaysia and US continue to widen.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
Budget 2024 was the first full term Budget for this Madani government but was it game changer? P. Gunasegaram, Independent Business Writer gives us his honest review and whether a very different Budget should have been tabled on October 13.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Bernama
The Malaysian Automotive Association noted that for September, total industry volume was lower mainly due to consumers adopting a wait and see attitude as Budget 2024 was round the corner. So did Budget 2024 deliver those goodies and which auto players stand to benefit? Daniel Wong, Analyst at Hong Leong Research tells us.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
Budget 2024 included an interim payment of between RM1,000 and RM2,000 for civil servants Grade 56 and below, including those on contract. Retirees were not excluded while all public sector employees including uniformed personnel would receive an incentive payment of RM1,000. Economist, Dr Nungsari Radhi shares his thoughts on how this might improve the delivery of Malaysia's public services.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
The Education Ministry received the biggest slice of the 2024 Budget pie with an allocation of 58.7 billion ringgit. However, does it tackle the critical issues facing schools? Datin Noor Azimah Abdul Rahim, Chairman of Parent Action Group for Education Malaysia (PAGE) tells us.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
Budget 2024 was the most expansionary on record, with rakyat friendly measures although there were some notable taxes which includes, a proposed 5-10% luxury tax on high value goods and an increase in sugar tax while price controls for eggs and chicken were scrapped. What then are the winners and losers in the consumer sector? Genevieve Ng Pei Fen, Consumer & glove analyst at MIDF Investment gives us her views.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
In Budget 2024, the Health Ministry's allocation rose by 13.5% to RM41.2 billion, the largest increase of allocation among ministries. How is funding being prioritised? Public health medicine specialist Dr. Farhan Rusli weighs in on how Budget 2024 is shaping healthcare policy.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
We are still keeping an eye on how Budget 2024 will impact the different sectors in Bursa Malaysia. Today, it's the Property Sector, already one of the winners this year with the Property Index up 38% on a YTD basis. Are there now new initiatives that give more legs to this rally? Loong Kok Wen, Regional Head of Property of RHB Investment Bank tells us.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
The Madani government tabled Budget 2024 on Friday, with the theme Economic Reform, Empowering People. The plan however does have its detractors who among others, called out its lack of focus as well as possibly increasing the cost of living with the hike hit SST. Dr Afif Bahardin, Secretary of Perikatan Nasional Selangor and the assemblyman for Taman Medan gives us his take.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
Budget 2024 had incentives to help Malaysia's MSMEs. These include RM44 billion in loans and financing guarantees, as well as RM2.2 billion in total funding to support them automate their business processes, digitalise their operations and increase their international footprint. Datuk William Ng, National President, Small and Medium Enterprises Association of Malaysia (SAMENTA), tells us how these incentives might work going forward.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
The Budget remained expansionary and there were some sector implications from the multiple measures and incentives. We uncover who are the equity losers and winners from Budget 2024? Anand Pathmakanthan, Head of Regional Equity Research, Maybank Investment Banking Group tell us.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
In Budget 2024, revenue projections are at RM307bn. What new taxes were introduced for that purpose and were there any goodies for the rakyat considering the fiscal consolidation pressures? Sim Kwang Gek, Country Tax Leader, Deloitte Malaysia shares with us her perspective.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
The RM393.8 billion ringgit Budget 2024 hopes to see Malaysia's fiscal deficit narrow from 5% this year to 4.3% of GDP for 2024. Julia Goh, Senior Economist at UOB Malaysia breaks the details down further for us as she assesses how the phasing out of diesel subsidies, the end of chicken and egg price controls and the continuation of targeted electricity subsidies based on consumption might affect Malaysia's economic fortunes.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
All eyes are on the Budget 2024 tabling this Friday, with a lot of scrutiny on how the government plans to narrow the fiscal deficit in line with recently passed Public Finance and Fiscal Responsibility Act. How will this new law and Budget 2024 shape Malaysia's economic policies moving forward? Economist Dr. Afzanizam Abdul Rashid gives us a preview of expectations for the budget.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
Malaysia has long grappled with the challenge of broadening its tax base without alienating the people. How will the government navigate this balancing act? We speak to Soh Lian Seng, Head of Tax at KPMG for his expectations of Budget 2024 and the different levers available for broadening the tax base.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
Tourism players are keeping their fingers crossed for incentives to be included when Budget 2024 is unveiled on October 13th, to give a much needed boost to the snail-paced recovery of the sector post-Covid-19. Dato' Sri Naresh Mohan, Group President & CEO of Trinidad Group Malaysia and an exco member with the Kuala Lumpur Tourism Association, shares with us what the industry is hoping for that might help it achieve the levels of tourist arrivals seen before the pandemic.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
Malaysia's semiconductor industry, a major contributor to the country's exports with a global market share of 7%, has been plagued by issues ranging from supply chain disruptions and labour shortages. Dato' Seri Wong Siew Hai, President of the Malaysia Semiconductor Industry Association shares what the problems its members are facing and what they hope they will see when Budget 2024 is tabled this October 13th.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
The F&B sector has been a tale of mixed fortunes in the post-pandemic era, weighed down by supply chain disruptions, currency volatility, labour shortages and rising cost of living concerns. What are F&B players looking for in Budget 2024 to cushion the economic uncertainties? We hear from Patrick Sim, council member of the MRCA F&B Division and Managing Director of Secret Recipe for the industry wishlist.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock.com
Budget 2023 is expected to put more disposable income in the pockets of largely the B40 and also the M40, with cuts in income tax, cash handouts and e-wallet credits. But how much upside will this give the retail sector, given higher interest rates, inflationary pressures and the uncertainty of elections? We get analysis from Syifaa' Mahsuri Ismail from Hong Leong Investment Bank. Brought to you by Mah Sing. Reinvent Spaces. Enhance Life. Image credit: Shutterstock
While there were certainly monetary benefits, grants and tax cuts, could there more to be done to address other softer issues? For some context we speak to Datuk William Ng, Chairman, Small and Medium Enterprises Association.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life. Image credit: Shutterstock
It's been an eventful past few days – we saw Budget 2023 being tabled on the evening of 7th October, and parliament then being dissolved a few days later on the 10th of October. Though we'll have to wait until after GE15 to see a new tabling of the Budget, we nonetheless still want to dissect Budget 2023, and discuss if conservation of the environment was prioritised in a meaningful way, and what gaps there are that could be filled for its next post-GE15 tabling. Joining us to do that is Thing Siew Shuen, a Senior Programme Manager at Greenpeace Southeast Asia, who will also share what Greenpeace would like parties to prioritise and include in their manifestos in relation to environmental conservation, ahead of GE15.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock
Budget 2023 demonstrated Malaysia's commitment towards the adoption of electric vehicles that included the extension of the current import and excise duties exemption for EVs for another year. That covers fully-imported models but there was no mention for locally-assembled EVs. We speak to Jim Lim, Equity Research Analyst at RHB Banking Group for his take on how these measures including initiatives to ensure more charging infrastructure is put in place, might impact Malaysia's automotive sector.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock
Budget 2023 included proposals to make Malaysia more business-friendly to attract more foreign direct investments. These included the extension of various tax incentives on eligible green projects and the implementation of a 15% global minimum tax to be implemented in 2024. Michel van Crombrugge, Vice President of the Malaysian International Chamber of Commerce & Industry talks to us about what Budget 2023 got right and what it missed, as well as the ongoing labour issues Malaysia continues to face.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life. Image credit: Shutterstock
Last Friday, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz unveiled Budget 2023 at RM372.3 billion — the country's second-largest ever budget. However, in a twist in the tale, yesterday, Prime Minister Ismail Sabri Yaakob of UMNO dissolved Parliament. The 15th General Election will be called within 60 days and the next government will either have to retable the same budget or a new one. So, with all of that in mind, on this episode, we take a look at Budget 2023 and analyse if it addresses the needs of the masses, particularly the B40. We also discuss some of the politicking that have been going on around the budget. Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock
After budget allocation for sports was cut by almost 70% in 2022, the 2023 Budget promises more goodies in all sectors of the ecosystem with RM332million allocated to the industry. Notwithstanding the fact that the budget will be retabled/tweaked following the dissolution of parliament & the upcoming general elections - this week, we dive deeper into the allocation covering all facets of the industry - from the elites, grassroots, esports, parasports, as well as sports operators/associations. We also ask the age old question, will there be transparency with the trickling of funds?Noraseela Khalid from MOA (Malaysian Olympians Association) & Haresh Deol from twentytwo13 joins us. Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.
Budget 2023 was tabled in Parliament, and right after that, Prime Minister Dato' Sri Ismail Sabri Yaakob announced the dissolution of parliament. We look at where this leaves the current Budget.Brought to you by Mah Sing; Reinvent Spaces. Enhance Life.Image source: xalien, Shutterstock
The Health & Living team speaks to Azrul Mohd Khalib, CEO, Galen Centre for Health & Social Policy, and public health physician Assoc Prof Dr Nirmala Bhoo Pathy, to examine overall health allocations in Budget 2023, and the gaps that remain unaddressed.Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock
Last Friday, Finance Minister Tengku Zafrul Tengku Abdul Aziz unveiled Budget 2023 at RM372.3 billion — the country's second-largest ever budget. However, yesterday, Prime Minister Ismail Sabri Yaakob of UMNO dissolved Parliament. The 15th General Election will be called within 60 days and the next government will either have to retable the same budget or a new one. Putting elections aside, on this episode of Live & Learn, we're going to be analysing the budget tabled in parliament last week, with a focus on women and gender equity. We're joined by Sabrina Aripen of Society for Equality, Respect And Trust for All (SERATA) and Jernell Tan of All Women's Action Society (AWAM). Sabrina and Jernell are also part of the Gender Budget Group. Brought to you by Mah Sing. Reinvent Spaces. Enhance Life.Image credit: Shutterstock
The recently announced Budget 2023 has been put forward amidst ongoing uncertainty surrounding a few factors. With the dissolution of parliament on the 10th of October, we discussed the tabled budget to get an idea of how SMEs stand to benefit from it. We also look towards what the budget might look like the next time it's retabled after GE15. Keegan Ong, Tax Executive Director, PwC and Yap Sau Shiung, Head of Digital and Tax Technology Partner, PwC joins us to unpack the details.Brought to you by Mah Sing. Reinvent Spaces. Enhance LifeImage Credit: Shutterstock | Irina Strelnikova
Budget 2023 is set to be tabled with the theme “Strengthening Recovery, Facilitating Reforms Towards Sustainable Socio-Economic Resilience of Keluarga Malaysia”. Along this vein, we decided to take a hard look at Malaysia's current employability rate and job market with a check in on our startup ecosystem with Derek Toh, Founder and CEO of Hiredly. Brought to you by Mah Sing. Reinvent Spaces. Enhance LifeImage Credit: Shutterstock | marozhka studio
Finance Minister Tengku Zafrul Aziz unveiled Budget 2023 today, which was focused on the 3Rs, responsive, responsible and reformist. We look at the highlights and unpack them with our experts.Brought to you by Mah Sing; Reinvent Spaces. Enhance Life. Image source: Tengku Zafrul, Facebook