◉ HEADLINES

tax cuts

Ringgit opens higher against US dollar

At 8.01 am, the ringgit rose to 4.2190/2365 against the US dollar from Thursday’s close of 4.2300/2355

Tax cuts unlikely in Budget 2025, focus shifts to reforms, says economist

Government prioritises economic resilience, sustainability in upcoming budget plans

CTIM expects luxury goods tax hike, no individual, corporate tax cuts in new budget

Chartered Tax Institute of Malaysia does not expect tax cuts for individuals or corporates, but more details on the luxury goods tax and the mechanism for capital gains tax in the upcoming Budget 2024. 

◉ Popular

Duck and cover? FashionValet bought Vivy’s 30 Maple for RM95 mil in 2018

Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil

12 hours on the road no guarantee for liveable wages, say several food delivery riders

Long working hours and cut-throat remuneration structure have been a bane for food delivery riders recently with some considering to leave their current service platform for another – or find a new job altogether.

National shuttlers demand RM2 million salaries: can BAM keep up financially?

Several top athletes aim for salaries that could outpace even the highest-earning footballers, raising questions about the sustainability of funding within Malaysian sports