KUALA LUMPUR (Oct 21): The Transport Ministry (MoT) is happy that its allocation has been increased by 13% in Budget 2017, said minister Datuk Seri Liow Tiong Lai.

The additional funds is mainly for development purposes, he told reporters while leaving Parliament after Budget 2017 was a...

Transport Ministry to buy more trains after getting bigger allocation

KUALA LUMPUR (Oct 21): An opposition parliamentarian has accused the government of being over-optimistic about the economy in Budget 2017.

Liew Chin Tong , the DAP MP for Kluang, said the Budget did not address significant challenges that Malaysia is facing amid the global economic slow...

Opposition MPs say PM over-optimistic about the economy

To view the Prime Minister's entire speech, click here

* Budget 2017's allocation stands at RM260.8 bil; is up 3.4% from recalibrated Budget 2016

...

Budget 2017 Highlights

To view the Prime Minister's entire speech, click here

* Budget 2017's allocation stands at RM260.8 bil is up 3.4% from recalibrated Budget 2016

...

KUALA LUMPUR (Oct 21): The special fund of up to RM3 billion, to be allocated by government-linked investment companies (GLICs) to licensed fund managers for investments into small and mid-cap firms, will improve market transactions and banks’ non-interest income, said Ambank Group chairman Tan S...

AmBank: RM3b special fund for small, mid-cap investments will boost banks non-interest income

KUALA LUMPUR (Oct 21): Penang Institute, the Penang government’s think tank, said a balanced Budget is unlikely to be achieved in the foreseeable future due to the large civil service expenditure.

Budget 2017 has a total allocation of RM260.8 million, up 3.4% from the Recalibrated Budge...

Large civil servant outlay will hamper balancing of Budget, says Penang think tank

KUALA LUMPUR (Oct 21): An economist said the emphasis on expenditure allocations in Budget 2017 belied Prime Minister Datuk Seri Najib Razak’s dismissal of talks earlier that it would be an election budget.

“Although Najib dismissed talks of this being an election budget, the emphasis o...

Budget 2017: An election budget it is, says economist

KUALA LUMPUR (Oct 21): Franklin Templeton Investments said infrastructure development projects will benefit the economy and people (rakyat), if it is "targeted and transparently distributed".

Franklin Templeton Investments executive director and head Malaysia fixed income and sukuk, Han...

Franklin Templeton: Infrastructure development to benefit the economy & people if transparently distributed

Malaysia's Budget 2017: An election budget it is, says economist

KUALA LUMPUR (Oct 21): Uber Malaysia today deemed the government's initiative to assist the Bottom 40 (B40) group to participate as ride-sharing drivers under Budget 2017, as "a clear win for the ridesharing industry and [which also] shows forward-thinking leadership".

Under the budget,...

Uber sees Budget 2017 initiative a 'clear win' for ridesharing industry

KUALA LUMPUR (Oct 21): The establishment of the Collection Intelligence Arrangement (CIA) under the Ministry of Finance (MOF) is expected to decrease potential tax evasion by companies.

The setting up of the CIA, which consists of the Inland Revenue Board (IRB), Royal Malaysian Customs ...

Experts: Time’s up for tax evaders with the establishment of CIA

KUALA LUMPUR (Oct 21): The Federation of Malaysian Manufacturers (FMM) welcomes the incentives for the development of small and medium enterprises (SMEs) in Budget 2017, but expressed disappointment that more funds had not been allocated to the sector’s growth.

“FMM welcomes the numerou...

FMM: More funds should have been allocated to develop SMEs

KUALA LUMPUR: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) is concerned that there is only a 2.22% increase in the development expenditure in Budget 2017.

Its president Datuk Ter Leong Yap said there should have been a higher allocation for development e...

ACCCIM: Govt should have allocated more money for development

KUALA LUMPUR (Oct 21): Khazanah Nasional Bhd said Budget 2017 balances growth, fiscal stability and improving living standards for the Bottom 40 (B40) group of Malaysian households.

Khazanah managing director Tan Sri Azman Mokhtar said the fund is committed to deliver on the initiatives...

Khazanah: Budget 2017 balances growth, fiscal stability and better B40 living standards

The Ministry of Health (MOH) is closely tracking the twofold increase in Covid-19 cases reported by Singapore.

MOH keeping close eye on surge in Covid cases in Singapore — Dzulkefly

Elon Musk arrived in Indonesia Sunday to launch SpaceX’s Starlink internet services as the world’s largest archipelago seeks to boost connectivity to its most remote areas.

Musk arrives in Indonesia to inaugurate Starlink with president

A volcano on the remote Indonesian island of Halmahera has spectacularly erupted, spewing a grey ash cloud into the sky, and people from seven nearby villages have been evacuated, authorities said on Sunday.

Eruption of Indonesia's Mt Ibu forces seven villages to evacuate

Asia Pacific Economic Cooperation (Apec) trade ministers said trade has been facing strong headwinds in recent times and reiterated their commitment to keeping markets open, removing unnecessary barriers to trade and strengthening trade and investment facilitation for all.

Apec trade ministers vow to keep markets open amid strong headwinds

Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.

Genting Singapore keen on UAE casino resort development

Singapore’s government is closely tracking a new wave of Covid-19 infections in the island-nation after the estimated count of weekly cases nearly doubled in the week ended May 11.

Singapore monitoring new Covid wave as infections rise 

Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.

Slowing inflation primes G7 central banks for June

China is prepared to take countermeasures against the European Union if it continues a series of anti-subsidy investigations into Chinese companies, according to a post on a state-media affiliated social media account.

China state media warns of retaliation on EU subsidy probes

Republican presidential candidate Donald Trump pledged to unravel gun regulations put in place by Democratic President Joe Biden during a lengthy speech to the National Rifle Association on Saturday, during which he accepted the influential group's endorsement.

Trump pledges to 'roll back' Biden gun rules, fire ATF chief at NRA rally

Israeli war cabinet minister Benny Gantz demanded on Saturday that Prime Minister Benjamin Netanyahu commit to an agreed vision for the Gaza conflict that would include stipulating who might rule the territory after the war with Hamas.

Israel's Gantz demands Gaza day-after plan by June 8, threatens to quit cabinet

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), has been focusing on expanding its land bank and has lined up projects to the tune of RM1.7 billion in gross development value for 2024.

Expanding OSK Property’s footprint

Singapore’s government is closely tracking a new wave of Covid-19 infections in the island-nation after the estimated count of weekly cases nearly doubled in the week ended May 11.

Liverpool's outgoing manager Jurgen Klopp has never been one for social media but he took the plunge on Saturday ahead of his final game in charge, instantly becoming an Instagram hit when he racked up a million followers.

Klopp earns a million Instagram followers within hours

The thing with addiction is that you don’t know when it’s becoming a problem. You don’t really realise you have a problem or are in dire need of help. It’s very rare that people willingly seek support to overcome their addictions,” says Prof Dr Prem Kumar Shanmugam, founder and CEO of Solace Asia, Malaysia’s premier private rehabilitation centre.

Quantum of solace