1MDB’s power play in Sabah

Posted on : 28-10-2014 | By : sabah today | In : News

28 October 2014

PETALING JAYA: 1Malaysia Development Bhd (1MDB), which is in the limelight for a host of reasons, is poised to be a major player in the Sabah power sector.

The state that is starved of energy, is looking at three new power plants with 1MDB expected to secure two. The plants under 1MDB’s belt are a 400MW gas-fired plant and a 780MW hydro plant in Ulu Padas. The gas plant is to be located either in Lahad Datu or Sandakan.

Governor: Stay united so that Sabah can progress further

Posted on : 26-10-2014 | By : sabah today | In : News

26th October, 2014
PAPAR: Head of State Tun Haji Juhar Haji Mahiruddin has urged the people to stay united and work as a team to enable Sabah to progress further.

‘Practise moderation to keep extremism at bay’

Posted on : 20-10-2014 | By : sabah today | In : News

October 20, 2014
SHAH ALAM: Moderation should be practised in politics to ensure extremism is kept at bay, Datuk Seri Najib Tun Razak said.
Saying that practising moderation didn’t mean a political party was showing weakness, the Prime Minister said it instead showed a party that was morally strong.
“Moderation is a concept that means balance which is extremely crucial in a coalition like Barisan Nasional that champions the people’s rights,” he said at Gerakan’s 43rd national congress yesterday.
Najib said Malaysia’s appointment as a non-permanent member of the United Nations security council was because the country was the epitome of a multi-racial nation.
“That is why it is a must to have the right balance in life and that means physically, mentally and emotionally because without these, I don’t think you can be a happy human being,” he said.
Saying Gerakan President Datuk Mah Siew Keong’s win in the Teluk Intan by-election on May 31 was a sign of revival for Gerakan to climb further, Najib urged the party members to work together with other Barisan Nasional component parties to achieve a bigger victory in the next general election.
He urged the party, which lost Penang to DAP in 2008, to come up with a plan to win the state back.
At another event, MCA president Datuk Seri Liow Tiong Lai said there was no room for extremist views here including the influence of the Islamic State (IS) militant group.
He said it was important to curb extremism as such views could threaten the safety of surrounding nations in the region.
“Malaysia will have a tough journey ahead in moving forward if we do not address this,” he said at the launching of a book compiling various essays written about the Malaysia-China relationship.
On the 40-year relationship between Malaysia and China, Liow said the bond between the leaders of both countries was not just merely diplomatic but was seen as a very close friendship.
“This relationship can propel both countries to greater heights. Together, we can develop and advance economically and culturally,” he said.
On another matter, Liow said MCA never gave up in championing Chinese education in Malaysia.
Chinese ambassador to Malaysia Dr Huang Huikang expressed his appreciation for the warm ties between Malaysia and China.
“Our Malay and Indian friends have also treated us with much warmth and this is something that is special and precious,” he said.
(Source: The Star)
October 20, 2014
SHAH ALAM: Moderation should be practised in politics to ensure extremism is kept at bay, Datuk Seri Najib Tun Razak said.
Saying that practising moderation didn’t mean a political party was showing weakness, the Prime Minister said it instead showed a party that was morally strong.

KKIP attracts RM3b worth of investment, says Musa

Posted on : 20-10-2014 | By : sabah today | In : News

20th October, 2014
KOTA KINABALU: Kota Kinabalu Industrial Park (KKIP) Sdn Bhd has done well as it has attracted close to RM3 billion worth of investments, said Chief Minister Datuk Seri Musa Haji Aman.
He said the investments entailed the setting up of 15 training, research and development institutes as well as 261 factories, creating over 8,000 jobs.
And, he also commended KKIP its contributions in driving the growth of Sabah’s economy.
“KKIP remains the sole general industrial park in Sabah but faced with stiff competition from other emerging industrial parks, it needs to continuously transform itself,” he said in his keynote address at the KKIP Sdn Bhd’s 20th anniversary dinner here on Saturday.
Musa, who is also Finance Minister, said while striving to maintain its pole position as first choice industrial park, KKIP should share its experience with other industrial parks to serve as a catalyst of change and innovation.
“The impact of globalisation and competition from regional industrial hubs also requires KKIP management to consistently think out of the box,” he said.
He said as Sabah continued to attract investors to its shores, there was a need to provide efficient and modern infrastructure to keep business costs low.
“In a globally competitive market, it will become increasingly difficult to convince investors to set up base in Sabah if we failed to provide them with food ports, highways and other facilities including power and water supply.
“But we are a government that is responsible and responsive and we are always taking the necessary steps to deliver on our promises and to facilitate business and investment expansion in Sabah,” he stressed.
On the Sabah Development Corridor, Musa said that most projects were on track and the initiatives listed under the Economic Transformation Programme were also doing well.
Earlier, Community Development & Consumer Affairs Minister Datuk Jainab Ahmad Ayid said KKIP should carry out a comprehensive review to accommodate a halal hub cluster in its master plan.
Jainab, who is also KKIP deputy chairman, said once the cluster is certified by Halal Industry Development Corporation, small and medium scale enterprises should take advantage of the spill-over from the halal industry.
She also said KKIP would continue to pursue its vision of developing a satellite town to serve the needs of the local community and neighbouring towns.
Also present were the Chief Minister’s wife Datin Seri Hajah Faridah Haji Tussin and KKIP Sdn Bhd CEO Datin Dr Tarsiah TZ.
(Source: New Sabah Times)
20th October, 2014
KOTA KINABALU: Kota Kinabalu Industrial Park (KKIP) Sdn Bhd has done well as it has attracted close to RM3 billion worth of investments, said Chief Minister Datuk Seri Musa Haji Aman.

Mah: Members can be sacked for racist remarks

Posted on : 20-10-2014 | By : sabah today | In : News

20th October, 2014
SHAH ALAM: Gerakan leaders and members who make racist remarks would be severely dealt with including given the sack, said its president Datuk Mah Siew Keong.
“If anyone in Gerakan makes any racist remark, we will take action including sacking him,” he said when delivering his presidential policy speech at the 43rd Gerakan National Delegates Conference, here, yesterday.
Mah also proposed that the Barisan Nasional component party members to take the same measure, in order to protect and strengthen unity of the people in the country.
He said stern action is necessary as more political leaders and members are touching on racist issues or projecting extremism which offended certain quarters.
Mah said extreme racist remarks also caused him to stop surfing the Internet before going to bed since seven months ago, while it was his daily routine previously.
“I stopped surfing the Internet because I could not sleep after that. It’s not because of the negative comments or personal attacks on me, as being a political party leader, I am used to it.
“But it is because when I read the blogs or Facebook, the comments made by the young generation are very racist and they are our future leaders,” he said, adding that the best solution is needed to stop this unhealthy situation.
He also reminded Gerakan members to return to the vision of the party’s founders, Prof Datuk Dr Syed Hussein Alatas, Tun Dr Lim Chong Eu and Tan Sri Dr Tan Chee Koon, who wanted to see a party which looks after national interests over and above ethnic groups’.
Mah, who was appointed as Gerakan president in 2013, also promised to revive the party and win back the trust of the people after losing badly in the last two general elections.
“The formula which will be used for our comeback includes choosing winnable candidates regardless of whether they are in camp A, B or C or any camp until Z.
“Many say that winnable candidates are the ones closest to the president, which is not true! I will resign if Gerakan does not make a comeback from the 2013 general election results.
“I do not want to be a short-term president, so we must win. Start working now. Do not wait until the last minute,” he said.
(Source: New sabah Times)
20th October, 2014
SHAH ALAM: Gerakan leaders and members who make racist remarks would be severely dealt with including given the sack, said its president Datuk Mah Siew Keong.

Use RM31m wisely: CM

Posted on : 16-10-2014 | By : sabah today | In : News

October 16, 2014
KOTA KINABALU: Chief Minister Datuk Seri Musa Aman hopes schools and non-Islamic religious bodies which received RM31,302,000 in allocations for this year will be able to implement their programmes and activities successfully.
He also encouraged them to keep up their good work and to continue serving their respective schools and religious institutions to the best of their abilities.
He said the State Government always strived to the best of its ability to provide assistance to those in need regardless of their racial and religious backgrounds, as part of the State tradition of respecting and understanding one another.
“It is important for us to uphold this to preserve the existing peace and harmony, because without it, we will have problems in developing our State for the benefit of all,” he said.
“We always respect and give attention to all religions and races. As Malaysians in Sabah, we should continue to assist each other,” he said, during a press conference after he handed over this year’s annual financial assistance to schools and non-Islamic religious bodies in the West Coast South and Lower Interior Region areas at the Magellan Sutera here Wednesday.
Nearly 300 schools and non-Islamic bodies received the assistance, which was also witnessed by Deputy Chief Minister cum Infrastructure Development Minister Tan Sri Joseph Pairin Kitingan, Special Tasks Minister Datuk Teo Chee Kang and Rural Development Minister Datuk Radin Malleh and Assistant Minister to the Chief Minister Datuk Edward Yong, among others.
Of the sum, RM13,880,000 is for schools including Chinese Independent and Mission schools and kindergartens. The allocation for non-Islamic religious bodies such as churches, Chinese temples, Hindu and Sikh places of worship totalled RM17,422,000.
Musa, who is also Finance Minister, said of the amount disbursed to non-Islamic religious bodies, RM11,730,000 goes to the churches, RM5,442,000 to Chinese temples and RM250,000 to Hindu and Sikh temples.
“Due to prudent financial management, we have been able to steadily increase this annual allocation. Between 2004 and this year, the total disbursed to schools stands at RM88,536,019 and in the same period, RM119,997,180 was allocated to non-Islamic religious bodies,” he said.
“These figures speak volumes of our commitment to schools and non-Islamic religious organisations, with a total of RM208,533,199 disbursed in 11 years,” he added.
Confident that past allocations have been put to good use, Musa encouraged the recipients to prioritise where funds will be of best use for their respective schools or places of worship.
Although socio-economic programmes require funds, Musa said the State Government will continue to assist schools.
“The BN government is focused on education development at all levels, and we are also constantly striving to bridge the gap when it comes to facilities in urban and rural areas. We are aware that some schools in remote locations need better facilities, and infrastructure such as roads. We constantly work with the Federal government, in particular the Ministry of Education, to seek solutions to improve facilities that will make teaching and learning more effective, and with that boost the standard of education in Sabah,” said the Chief Minister.
The large allocation for non-Islamic religious bodies is reflective of the government’s commitment in upholding religious freedom, said Musa.
“We do not discriminate and it is my hope that all parties act responsibly when discussing issues related to religion and the rights of all citizens as enshrined in the Federal Constitution. With this allocation, I hope non-Islamic religious bodies will continue to encourage spiritual growth among your followers. Along with Islamic bodies, you play a critical role in promoting positive values in society. A strong foundation in religion is necessary for us all to stay resilient as a nation,” he said.
(Source: Daily Express)
October 16, 2014
KOTA KINABALU: Chief Minister Datuk Seri Musa Aman hopes schools and non-Islamic religious bodies which received RM31,302,000 in allocations for this year will be able to implement their programmes and activities successfully.

China’s economic rise challenges IMF

Posted on : 14-10-2014 | By : sabah today | In : News

October 14, 2014
WASHINGTON: The International Monetary Fund was launched in 1944 with the world’s new superpower, the United States, in position as the key force and shareholder in the global crisis bank.
Today, China is on the verge of becoming the world’s largest economy.
But its voice at the IMF – wrapping up its annual meeting this weekend in Washington – remains that of a minor country, and some worry this could undermine the crucial, 70-year-old institution. The IMF estimates that by the end of this year, China’s economy will surpass the US in size: $17.63 trillion versus $17.42 trillion, based on the purchasing power parity standard.
On a more traditional basis, linked to current prices, the clearly much more affluent United States still leads by a wide margin.
But there is no debate about China’s rise to power in the industrial world. And its growth rate, at 7.4 per cent this year, still far outpaces that of the rest of the advanced economies.
The IMF has had difficulty conforming to this new global power balance. The US holds 16.7 per cent of the voting power in the Fund, which gives it an effective veto over any major changes in its structure and activities.
China meanwhile has a 3.8 percent voting share, not far from Italy’s, which has an economy one-fifth the size.
And the US Congress’s repeated refusal to ratify a four-year-old set of reforms that would boost China, India and other emerging powers at the institution is beginning to cut into the Fund’s stature.
“The risk for the IMF is that it will become less and less relevant and increasingly illegitimate,” said Paulo Nogueira Batista, the IMF representative of Brazil and 10 other countries, speaking on his own behalf.
The 2010 reforms would change quotas, effectively their voting power, for shareholders and also sharply increase the IMF’s overall financial resources, crucial for conducting huge operations like the rescue of Greece and Ireland and, most recently, support for Ukraine.
The reforms have been endorsed by all other major economies. But to be implemented, they need US backing.
The administration of President Barack Obama has endorsed them from the beginning, but repeatedly has been unable to persuade Congress to ratify the pact. The problem has gone on for so long that some are talking of seeking an alternative to the current governance.
Clearly frustrated, IMF Managing Director Christine Lagarde said Thursday that she would perform a belly dance in front of the US Congress if they were to ratify the reforms.
“It was due in 2012. It is overdue in 2014,” she said.
Agustin Carstens, Mexico’s central bank governor and a former IMF deputy managing director, highlighted the importance of the Fund maintaining legitimacy.
“It’s important because the IMF provides policy advice. And for it to be followed, it needs to come from a legitimate institution,” Carstens said.
Another former IMF official, Peter Doyle, told AFP: “The rise of China and India have rendered the IMF voting rights allocation not just unfair and illegitimate, but ridiculous.”
Lagarde stressed that, even with the skewed voting rights, China, India and other emerging powers are generously represented in the top management circle of the Fund.
That includes Chinese economist Min Zhu as a deputy managing director.
Some say even the 2010 reforms won’t rectify the situation.
For one, China’s voting share will only rise to 6.1 percent.
“Even the delayed 2010 quota reform represents only a modest step towards changing the governance structure of the IMF to reflect shifting economic realities,” Eswar Prasad, a former IMF official, told AFP.
According to Nogueira Batista, there is still stiff resistance to change inside the institution, including from Europeans.
“The US has been incapable of delivering, and the Europeans have been hiding behind this lack of delivery on the part of the US to postpone the other elements of the process,” he said. – AFP
(Source: Daily Express)
October 14, 2014
WASHINGTON: The International Monetary Fund was launched in 1944 with the world’s new superpower, the United States, in position as the key force and shareholder in the global crisis bank.

Over 900 items will be free of GST

Posted on : 14-10-2014 | By : sabah today | In : News

October 14, 2014
PETALING JAYA: The Government has unveiled a list of more than 900 items that will be zero-rated and exempted from the Goods and Services Tax (GST) come April.
The basket of goodies, announced by Prime Minister Datuk Seri Najib Tun Razak when tabling Budget 2015, was gazetted yesterday.
Zero-rated goods are those that consumers need not pay GST for while exempt goods are free of the tax all along the value chain.
Food items are among those on the zero-rated list. They include sheep and goats, swine, poultry, cows, ducks and geese – both “live” and frozen – while seafood items include fish that is “live”, chilled, fillet, dried, salted, smoked and soaked in brine and crustaceans and molluscs.
Consumers need not worry about GST when they purchase food items such as fresh and salted eggs and a variety of vegetables including potatoes, tomatoes, onions, shallots, garlic, leeks, cabbages, cauliflowers, lettuce, carrots, turnips and other edible roots, asparagus, mushrooms, chillies and leguminous vegetables like peas and long beans.
Coconuts and fruits such as durians, rambutans, langsat, bananas, dates, figs, citrus fruits, grapes, melons, apples, pears, apricots, cherries and strawberries are on the GST-free list.
Coffee and tea lovers can fully enjoy their cuppa as the beverages and an array of spices, rice, pastas and noodles have also been exempted.
The public will also not be taxed when purchasing newspapers, journals, periodicals and dictionaries as well as when they buy receipt books, letter pads, diaries, note books and exercise books.
Among highlights in the GST-exempted list are education and healthcare services.
These include private childcare, preschool, primary and secondary school education, as well as religious schools and tertiary education.
Exemptions are given to food and drinks supplied by canteen operator in government, government-aided or private preschool, primary and secondary schools and on course materials, food and accommodation, students’ transport, administrative services such as enrolment, issuance of student and library cards, or assessment of academic performance and examination services.
Under the healthcare services, GST will not be imposed on dental, nursing, midwifery, allied health, pharmacy and ambulance services provided by healthcare professionals, hospitalisation, screening, diagnoses, treatment to those suffering from any disease, injury or disability of mind or body.
Exemptions are also given for services for curing or alleviating any abnormal condition of the human body by the application of any apparatus, device or any other medical technology and mortuary services.
For the full list of items that are zero-rated and exempted from GST, log on to www.federalgazette.agc.gov.my.
(Source: The Star)
October 14, 2014
PETALING JAYA: The Government has unveiled a list of more than 900 items that will be zero-rated and exempted from the Goods and Services Tax (GST) come April.

Zeti: Malaysia’s policy to stay supportive of growth

Posted on : 14-10-2014 | By : sabah today | In : News

October 14, 2014
MALAYSIA’S monetary policy stance will remain supportive of growth amid uncertainty in the global recovery and even as the risk of inflation also increases, says Malaysia’s central bank Governor Tan Sri Dr Zeti Akhtar Aziz.
Threats to Malaysia’s expansion have risen as policies in advanced economies lead to higher volatility, Zeti said in an interview in Washington.
Accelerating price gains in the Southeast Asian nation are temporary, and will ease to the long-term average of three per cent by 2016, she said.
“I would like to put it in very clear terms that right now, the monetary policy stance is to be accommodative, that means to support growth,” Zeti added.
“Given the global outlook for growth and so on, that monetary policy will still need to remain accommodative.”
Bank Negara Malaysia (BNM) held off on a second consecutive interest-rate increase last month and said it would assess the balance of risks between growth and inflation in considering further policy moves.
Exports, which helped the economy expand more than six per cent in the first half of 2014 (1H14), have cooled in recent months, while subsidy cuts and a new consumption tax next year are seen curbing private spending.
“Even if BNM has the space to hike because growth has been OK, it may not be in a rush to do so,” said Santitarn Sathirathai, a Singapore-based economist at Credit Suisse Group AG.
“With additional risks to growth that Zeti highlighted, that means that space to hike may be somewhat weakened as well. It adds to further reason to pause and wait and see.”
The government raised fuel prices on October 2, the latest in subsidy reductions ranging from sugar to electricity that have left companies and consumers grappling with higher costs. The finance ministry forecasts inflation of four to five per cent next year, the fastest since 2008.
While the risk of quickening consumer-price gains has increased, “our assessment is that inflationary expectations are well-anchored,” Zeti said.
“The trend that we need to monitor is the potential second-round effects, and right now our assessment is that these second-round effects would be weak.”
The central bank raised its key rate by 25 basis points in July to 3.25 per cent, the first such move since 2011.
Interest-rate swaps are pricing in a 50 basis-point increase in borrowing costs in the next year, data compiled by Bloomberg show. The last policy decision for 2014 is on November 6.
“We don’t think there’s going to be a hike in November,” Santitarn said.
“Another hike will come probably early next year.”
The ringgit has climbed 0.7 per cent against the US dollar this month, among the best performers of 11 major Asian currencies tracked by Bloomberg.
Malaysia raised its growth forecast for 2014 to as much as six per cent from a previous projection of 4.5 to 5.5 per cent. The expansion will be between five and six per cent in 2015, the finance ministry said October 10.
While the economy is now more diversified and spurred by domestic consumption and investment, external demand remains an important source of growth, Zeti said. There are concerns the global recovery would stall, she said.
Federal Reserve vice chairman Stanley Fischer said weaker-than-expected global growth could prompt the US central bank to slow the pace of eventual rate increases.
The International Monetary Fund (IMF) this month cut its outlook for world expansion in 2015 and warned of the risks of rising geopolitical tensions and a financial-market correction as stocks reach “frothy” levels.
The Fed’s normalisation will result in more volatile markets even as it indicates the world’s largest economy is on a stronger growth path, Zeti said. For Malaysia, the change in the US’ policy direction would have more impact on the ringgit and other financial markets, and less on the economy, she said.
The IMF expects growth in Malaysia and the Philippines to remain strong in 2014 to 2015, “helped by favourable external demand and broadly accommodative policies and financial conditions,” it said. The fund forecast expansion of 5.9 per cent for Malaysia in 2014 and 5.2 per cent in 2015.
The government will implement a six per cent goods and services tax from April 1. Prime Minister Datuk Seri Najib Tun Razak said on October 10 his administration will hand out more cash to lower-income households to reduce the impact of the levy and cope with higher prices as he cuts subsidies.
“The effect of these adjustments have tremendous benefits because it removes price distortions in our economy and it enhances the fiscal position of the government,” Zeti said.
“This is what we want to see because it will make our position on stronger foundations going forward.” — Bloomberg
(Source: The Borneo Post)
October 14, 2014
MALAYSIA’S monetary policy stance will remain supportive of growth amid uncertainty in the global recovery and even as the risk of inflation also increases, says Malaysia’s central bank Governor Tan Sri Dr Zeti Akhtar Aziz.

Loan defaulters among 1.14 million on dept’s travel blacklist

Posted on : 14-10-2014 | By : sabah today | In : News

October 14, 2014
PUTRAJAYA: A wide net has been cast on those barred from leaving the country by the Immigration Department.
And it is not just tax offenders and those with criminal records who face a rude shock at border checkpoints or at the airport.
The latest figures show some 85,000 National Higher Education Fund (PTPTN) beneficiaries who did not repay their loans on the department’s travel blacklist.
They are among 1.14 million people on the list which includes 701,266 Malaysians.
The department has advised Malaysians to check their Immigration status prior to making holiday plans overseas to avoid problems.
“It is the responsibility of the traveller to first check if they are cleared to leave the country.
“It doesn’t matter if you are planning to leave by flight, road, rail or sea.
“As long as you are on the blacklist, you will not be allowed to pass the Immigration checkpoint, even if you have a valid flight ticket,” Immigration security and passport division director Ibrahim Abdullah told The Star.
As of Sept 3, the department’s overseas travel restriction orders included those who have been declared with outstanding debt issues. There were 277,693 such Malaysians named by the Insolvency Department.
Malaysians who have violated a foreign country’s immigration laws, such as by overstaying or abusing their travel visas, are also not spared.
Ibrahim said the countries concerned may bar the defaulters from re-entering the country and this information would be shared with the local Immigration department, such as Malaysia’s, which would then put the defaulter on a watchlist.
A total of 32,516 Malaysians were in this category for having overstayed in another country, alongside 115,803 foreigners who have similarly overstayed in Malaysia and are now barred from leaving the country.
“If any Malaysians on the watchlist try to leave the country, they will be stopped and taken in for an interrogation until it is satisfied that they will not commit the same act in another country again,” said Ibrahim.
Stubborn tax defaulters make up a sizeable group on the travel blacklist, with 135,111 persons named by the Inland Revenue Board.
The Star has reported on Aug 26 that defaulters will not be allowed to travel abroad until they have settled their tax obligations.
The treatment will be the same for those with outstanding issues with the Employees Provident Fund (EPF), such as those who failed to file their EPF contributions. There were 10,219 Malaysians and 532 foreigners listed under this category.
Another 133,314 non-citizens have been barred from leaving the country for having their citizenship revoked or application rejected by the National Registration Depart­ment.
This is on top of 88,830 foreigners who had entered the country illegally and have been classified under the Immigration’s Kes Tanpa Izin.
An unusual cluster of 210 Malaysians were also placed under this category which, according to Ibrahim, had referred to those who have been identified by the Home Ministry as having been involved in activities involving illegal foreign workers.
Several other categories were criminally-linked, including those under police observation (15,699 cases) and for drug-related charges (7,673 cases) or crime (5,090 cases).
There were also 4,953 Malaysians barred from overseas travel for violating Customs regulations.
To find out if you are barred from travelling abroad, one needs only to enter the MyKad number on the department’s travel status check portal at http://sspi2.imi.gov.my/
“If they have been barred, they must be present in person at the nearest Immigration passport and security division, where they will be told why they are not allowed to leave.
“This is to avoid identity abuse by a third party as we do not want private information to be divulged to an impostor,” Ibrahim said.
(Source: The Star)
October 14, 2014
PUTRAJAYA: A wide net has been cast on those barred from leaving the country by the Immigration Department.
And it is not just tax offenders and those with criminal records who face a rude shock at border checkpoints or at the airport.

Best, inclusive Budget – CM

Posted on : 11-10-2014 | By : sabah today | In : News

October 11, 2014

KOTA KINABALU: The RM273.9 billion national Budget 2015 unveiled by Prime Minister Datuk Seri Najib Razak yesterday got the thumbs up from Chief Minister Datuk Seri Musa Aman and several Sabah Barisan Nasional (BN) leaders.

BR1M4.0 increased for all recipients

Posted on : 11-10-2014 | By : sabah today | In : News

October 11, 2014

KUALA LUMPUR: Taking into consideration the increased revenue collection from the Goods and Services Tax (GST) and the affordability of the government, the government yesterday announced that the 1Malaysia People’s Aid (BR1M) 4.0 will be raised from RM650 to RM950 for households with monthly income of RM3,000 and below.

RM262 mln for price control enforcement in Sabah, Sarawak

Posted on : 11-10-2014 | By : sabah today | In : News

October 11, 2014

KUALA LUMPUR: The government is allocating RM262 million to finance the cost of transportation and the enforcement of price control on essential goods, especially in Sabah and Sarawak.

Prime Minister Datuk Seri Najib Tun Razak said this was aimed at standardising the prices of essential goods between the peninsula, Sabah and Sarawak.

Highlights

Posted on : 11-10-2014 | By : sabah today | In : News

October 11, 2014

FOLLOWING are highlights of the 2014/2015 Economic Report issued by the Finance Ministry in conjunction with the tabling of the 2015 Budget yesterday by Prime Minister Datuk Seri Najib Tun Razak, who is also Finance Minister.

A budget for the people — Najib

Posted on : 11-10-2014 | By : sabah today | In : News

October 11, 2014

Prime Minister announces measures to ease pains of rising cost of living, GST exemption on 500 items

This budget will focus on the people’s economy as the bedrock in prioritising the interests of the rakyat.
Datuk Seri Najib Tun Razak, Prime Minister