Latest news with #TunkuNashrulAbaidah
The Star
21 hours ago
- Business
- The Star
PMO: Tax expansion vital to ensure fiscal sustainability
KUALA LUMPUR: The country's revenue generation remains limited, and tax expansion is necessary to ensure fiscal sustainability, according to the Prime Minister's Office (PMO). Senior press secretary to the prime minister, Tunku Nashrul Abaidah, said that Malaysia is among the countries with the lowest tax-to-gross domestic product (GDP) ratio in the world, at about 12 per cent. Tunku Nashrul emphasised that the government's core principle is clear: the burden will not fall on the majority of the people. Instead, tax revenue will be reinvested into programmes that benefit the people. Among these are the RM13 billion allocated for the Rahmah Cash Contribution (STR) and Sumbangan Asas Rahmah (SARA), benefiting nine million recipients. He also said that RM400 million has been allocated to refurbish dilapidated clinics, and over RM600 million to repair more than 8,000 school toilets, benefitting over five million students. "This is the true foundation of every MADANI government policy, to improve the people's quality of life through responsible and comprehensive measures,' he said during the PMO briefing, which was streamed live on Anwar Ibrahim's Facebook page and the PMO Malaysia Facebook page today. On June 9, the government announced a targeted review of the sales tax rate and an expansion of the service tax scope, both of which will take effect from July 1. The sales tax rate remains unchanged for esential goods, while a five or 10 per cent rate will be imposed on selected items. Meanwhile, the scope of the service tax will be expanded to include six new services: leasing or rental, construction, finance, private healthcare, education, and beauty services. Treasury secretary-general Datuk Johan Mahmood Merican reportedly said that revenue from the Sales and Service Tax (SST) collection is expected to increase by RM5 billion in 2025 and by RM10 billion in 2026, following the implementation of the SST revised and expanded scope starting next month. - Bernama
Yahoo
a day ago
- Business
- Yahoo
No tax hikes for public as reforms bear fruit, says PMO
KUALA LUMPUR, June 19 — The Prime Minister Office's (PMO) said today that the government is committed to economic reforms but not at the expense of placing additional taxes on the general public. In today's livestream delivered by the senior press secretary to the prime minister, Tunku Nashrul Abaidah, he said the government remained committed to reforming the economy and bureaucracy while ensuring that all policies ultimately benefit the people. 'Malaysia is among the countries with the lowest tax to GDP ratio in the world which is around 12 per cent. This means revenue space remains small and tax based expansion is needed to ensure the country's fiscal sustainability. 'However the government's principle is clear whereby the burden of this will not fall on the wider public,' he said. Nashrul said that tax revenues were reinvested into pro-people programmes like RM13 billion allocated to the Sumbangan Tunai Rahmah and Sumbangan Asas Rahmah reaching nine million recipients. Another RM400 million had gone to refurbish ageing clinics and more than RM600 million spent to fix more than 8,000 school toilets benefitting close to five million students. Apart from that, Malaysia's jump from 34th place to 23rd in the 2025 World Competitiveness Ranking (WCR) marked its best performance since 2020. PMO said this was down to more than 1,000 initiatives under the Reformasi Kerenah Birokrasi to streamline public service delivery. Malaysia also recorded RM89.8 billion in approved investments in the first quarter of 2025 a 3.7 per cent increase from the same period last year. These investments are expected to generate 1,600 new projects and over 33,000 job opportunities nationwide. In the microelectronics and semiconductor sector alone Malaysia secured RM4.6 billion in investment potential and RM507 million in export potential through its participation in Semicon South-east Asia 2025. 'These numbers reflect strong investor confidence in Malaysia's reform direction,' the PMO added.
New Straits Times
a day ago
- Business
- New Straits Times
People come first in every policy, says PM's aide
KUALA LUMPUR: The government remains steadfast in its commitment that any reforms undertaken will not place an undue burden on the majority of the population. The prime minister's senior press secretary, Tunku Nashrul Abaidah, said that despite the achievements the country has enjoyed, the government continues to listen to the concerns of the people regarding the implementation of several new policies. "The prime minister (Datuk Seri Anwar Ibrahim) has emphasised that every decision will be made carefully, with comprehensive involvement from all stakeholders," he said during the Prime Minister's Office daily briefing today. Tunku Nashrul said Malaysia is one of the countries with the lowest tax-to-gross domestic product (GDP) ratios in the world, standing at 12 per cent. "This means that the fiscal space for revenue generation is still limited, and tax expansion is necessary to ensure the country's fiscal sustainability. "However, the government's main principle is clear — the burden will not fall on the majority of the people. "Instead, tax revenues are being reinvested into people-oriented programmes," he said. Among the initiatives are the RM13 billion allocated for Sumbangan Tunai Rahmah and Sumbangan Asas Rahmah, benefiting nine million recipients; RM400 million for repairing rundown clinics; and over RM600 million to refurbish more than 8,000 school toilets, benefiting over five million students, among others. "This is the true foundation of every policy under the Madani government, which is to improve the people's standard of living through a responsible and holistic approach. "All the figures and international recognitions that Malaysia has received are meaningless if they do not directly benefit the people. "As the prime minister frequently emphasises, every success must bring real benefits to the rakyat. "This is the true manifestation of #MADANIBekerja — not just a slogan, but a reform movement that is ongoing, continuously being improved, and translated into tangible outcomes that can be felt by the majority of the people."
Malay Mail
a day ago
- Business
- Malay Mail
No tax hikes for public as reforms bear fruit, says PMO
KUALA LUMPUR, June 19 — The Prime Minister Office's (PMO) said today that the government is committed to economic reforms but not at the expense of placing additional taxes on the general public. In today's livestream delivered by the senior press secretary to the prime minister, Tunku Nashrul Abaidah, he said the government remained committed to reforming the economy and bureaucracy while ensuring that all policies ultimately benefit the people. 'Malaysia is among the countries with the lowest tax to GDP ratio in the world which is around 12 per cent. This means revenue space remains small and tax based expansion is needed to ensure the country's fiscal sustainability. 'However the government's principle is clear whereby the burden of this will not fall on the wider public,' he said. Nashrul said that tax revenues were reinvested into pro-people programmes like RM13 billion allocated to the Sumbangan Tunai Rahmah and Sumbangan Asas Rahmah reaching nine million recipients. Another RM400 million had gone to refurbish ageing clinics and more than RM600 million spent to fix more than 8,000 school toilets benefitting close to five million students. Apart from that, Malaysia's jump from 34th place to 23rd in the 2025 World Competitiveness Ranking (WCR) marked its best performance since 2020. PMO said this was down to more than 1,000 initiatives under the Reformasi Kerenah Birokrasi to streamline public service delivery. Malaysia also recorded RM89.8 billion in approved investments in the first quarter of 2025 a 3.7 per cent increase from the same period last year. These investments are expected to generate 1,600 new projects and over 33,000 job opportunities nationwide. In the microelectronics and semiconductor sector alone Malaysia secured RM4.6 billion in investment potential and RM507 million in export potential through its participation in Semicon South-east Asia 2025. 'These numbers reflect strong investor confidence in Malaysia's reform direction,' the PMO added.
Malaysiakini
27-05-2025
- Politics
- Malaysiakini
Asean Summit to reinforce M'sia's role in steering strategic cooperation
The 46th Asean Summit, which enters its final day today, builds on the positive momentum achieved yesterday and is expected to further strengthen Malaysia's role in spearheading Asean's strategic cooperation agenda with regional and global partners. Prime Minister Anwar Ibrahim's senior press secretary Tunku Nashrul Abaidah said Malaysia remains committed to ensuring that its tenure as Asean chair this year delivers meaningful, principled, and impactful outcomes for the people of Asean, especially through the key sessions taking place.
