About Malaysia Budget 2016

Malaysian Youth Council says Budget 2016 fits in with public’s needs

KUALA LUMPUR, Oct 24 — The Malaysian Youth Council (MYC) is optimistic Budget 2016 can meet the needs of the people and strengthen domestic consumption for continued economic growth.

MYC president Mua’amar Ghadafi Jamal Jamaludin said the focus of Budget 2016 appears to fit in with the current economic situation of the country.

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Budget 2016: Don’t worry, Malaysia not bankrupt, says Najib

KUALA LUMPUR: The people can continue to have faith in the Barisan Nasional-led Government based on its proven track records in managing the country in any given situation, said Datuk Seri Najib Tun Razak.

Despite the daunting challenges of the uncertain global economic situation, the Prime Minister said, Malaysia, in reality, was not a failed or bankrupt nation, but one which was stable with strong economic fundamentals and had remained competitive.

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Ku Li says Budget 2016 meets demands of people

GUA MUSANG, Oct 24 — Gua Musang Member of Parliament Tengku Razaleigh Hamzah said Budget 2016 meets the demands of the people, especially those in the middle and lower-income groups.

“In the national budget tabled yesterday, the government has provided the best package for the people and meets almost all the targets although there are one or two matters which could be improved,” he said.

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Malaysia Budget 2016: Public transport still a major problem

Improving bus services should have been given focus in Budget 2016, Fomca secretary-general Datuk Paul Selvaraj said.

“We continue to focus on core infrastructure… The backbone is good, but it’s the last mile that is not enough,” he said. – See more click here

Budget 2016 live updates

  • RM500 bonus for civil servants and RM250 for government retirees.
  • Minimum wage starting July 1, 2016 has been increased from RM900 to RM1,000 in West Malaysia and from RM800 to RM920 in Sabah, Sarawak and Labuan.
  • BR1M will benefit 4.7 million households and 2.7 million single individuals with a RM5.9 billion allocation.
  • For single individuals with incomes not exceeding RM2,000, they will receive BR1M of RM400.
  • For those with household incomes of RM3,001 to RM4,000, they will receive BR1M of RM800.
  • For those with household incomes of RM3,000 and below, BR1M will increase from RM950 to RM1,000.
  • Those listed under e-Kasih with an income of RM1,000 and below will receive BR1M of RM1,050.
  • Minimum pension of RM950 a month that will benefit 50,000 retired civil servants with at least 25 years of service.
  • Minimum wage of RM1,200 that will benefit 60,000 civil servants.
  • Number of MACC officers will be increased according to needs.
  • 500 motorcycles and 500 patrol cars for PDRM.

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(LIVE) 2016 Budget Highlights

Prime Minister Datuk Seri Najib Razak is unveiling the 2016 Budget at Parliament. The budget is expected to have something for everyone — the middle-class, the bottom 40 per cent of household incomes and the rural folk. However, it would not be too generous, given the big drop in government revenue due to sharply lower oil and commodities prices, and the slowdown in global trade and economy, including in Asian powerhouse China.
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What do I expect from Budget 2016?

I received a phone call from my managing editor two days ago, requesting me to write an article from the perspective of an ordinary Malaysian. “Write about what you expect from Budget 2016,” he said.

I clicked on the ‘end call’ button and took a deep breath. Honestly, this was not my cup of tea.

It’s not like I am incapable of coming up with an article about the budget, no. With my management accountancy background and my role as the sole breadwinner and the financial planner of my household, it wasn’t really a big deal.

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Malaysia Budget 2016: Senior citizens happy over concern for their welfare

Budget 2016 is seen by several senior citizens as an effective financial plan to alleviate the hardship of ageing Malaysians.

The Budget sets the minimum pension rate at RM950 (S$312) a month for pensioners with at least 25 years of service, which will benefit almost 50,000 pensioners.

It also provides a special aid of RM250 for retired civil servants and RM300 for poor senior citizens.

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Malaysia Budget 2016: Parents and teachers welcome move to improve English proficiency

Parents groups and teachers welcome the move to implement the Dual Language Programme (DLP) and Highly Immersive Programme (HIP) in schools to improve English proficiency.

Parent Action Group for Education Malaysia (PAGE) chairman Datin Noor Azimah Abdul Rahim said it was “an exciting day” when Prime Minister Datuk Seri Najib Tun Razak announced the two programmes while tabling Budget 2016.

 

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Budget 2016 fails to address investor confidence, says Selangor MB

Budget 2016 does not address the crisis that has hurt investor confidence as it failed to deal with accountability, transparency and governance, Selangor Menteri Besar Mohamed Azmin Ali said. He said it was disappointing that the budget, tabled yesterday, remained silent on the plunging ringgit which is Asia’s worst performing currency. Neither did it have measures to reduce Malaysia’s dependency on oil revenue or address the country’s depleting foreign reserves.

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