The Malaysia 2009 Budget has been announced yesterday by Datuk Seri Abdullah Badawi. Touted to be a people’s budget designed at protecting the well-being of the Malaysians and sustaining economic growth over the mid-term period, some may find that there doesn’t seem to be much 2009 Budget Goodies in store for them.
So, if you are [...]

More details are coming in on the Budget Speech tabled by the PM. Read below for more Budget 2009 goodies or click here for a full excerpt of his speech.
Is this what they call a people’s budget?!
Enhancing Health Services
* Excise duty specific on cigarettes increased by three sen from 15 sen per stick to 18 sen per [...]

Hot off the press!
Read below for the highlights of Malaysia’s 2009 Budget report!

Some 100,000 tax payers to be out of the tax net as rebate for taxable income of RM35,000 and below will be increased to RM400 from RM350
Tax exemption for all interest income for individuals
Reduction of import duties for consumer durables (examples: blender, rice [...]

It appears that the solid win by Datuk Seri Anwar Ibrahim in the Permatang Pauh elections wasn’t enough to allay foreign investors fears as they still fear political uncertainties. These fears are being translated into quick selling of the Ringgit which will only end up hurting the Malaysians.
The Ringgit further fell to a near 11-month [...]