Friday, October 23, 2015

I give you candies, you give me your X

:
6.21pm: RM70 million proposed for interest-free loans under BSN to build longhouses in Sabah and Sarawak, maximum loan of RM50,000 for every unit in longhouse.
6.14pm: From January 1, 2016, full medical charges will be imposed on non-citizens.
6.11pm: Five new hospitals to be built in Pasir Gudang, Kemaman, Pendang, Maran and Cyberjaya
6.07pm: RM852 million allocation to Risda, Felcra for various income and productivity enhancement programmes.

6.05pm: 100,000 houses priced between RM90,000 and RM300,000 to be built by 2018 under Perumahan Penjawat Awam 1Malaysia.
6pm: Tax relief increased to RM8,000 for each child above 18, including disabled child, studying at local or foreign institutions of higher learning from assessment year 2016.
5.54pm: For the first time, tax relief for children who care for parents, total tax relief of RM1,500 for the mother, RM1,500 for the father.
5.48pm: Tax relief for individual taxpayer whose spouse has no income increased to RM4,000 from RM3,000.
5.47pm: Tax relief for each child below 18 years old increased to RM2,000 from RM1,000 from assessment year 2016.
5.42pm: RM500 special assistance to all civil servants and 700,000 pensioners to get special payment RM250 in January 2016.
5.40pm: Consumers to get rebates on mobile prepaid cards equivalent to GST amount paid, effective January 1, 2016 to December 31, 2016.
5.38pm: BR1M assistance expected to benefit 4.7 million households and 2.7 million individuals with an allocation of RM5.9 billion.
5.36pm: For those with an income above RM1 million, the tax rate will be increased to 28% from 25%.
5.35pm: From July 2016, minimum pension rate at RM950 a month for pensioners with at least 25 years of service.
5.33pm: Minimum starting salary in the civil service set at RM1,200 a month from July 2016, to benefit 60,000 civil servants
5.32pm: Those earning between RM600,000 and RM1 million, income tax rate is increased to 26% from 25%.
5.32pm: Government prepared to forego GST revenue on several basic necessities.
5.27pm: RM523 million proposed to develop Esscom armed forces camp in Felda Sahabat, Lahad Datu.

5.24pm: RM17.3 billion allocated to Defence Ministry, armed forces will be equipped with latest technology.
5.22pm: RM60 million proposed to implement national flood forecasting and warning programme, develop National Earthquake and Tsunami Sub-Centre in Sabah.
5.20pm: Number of GST-registered companies approaches 400,000 with submission compliance at more than 90%.

5.19pm: RM730 million allocation for flood-mitigation projects nationwide.
5.14pm: RM200 million earmarked for First House Deposit Financing Scheme to assist first-time house buyers to pay deposit.
5.09pm: RM100 million for eRezeki and eUsahawan programmes; to benefit 100,000 people from "bottom 40%" or B40 income group.
5.03pm: Pan-Borneo Highwayto be toll-free when completed in 2021.
5.01pm: RM3.7 billion for Mara expenditure, including for sponsorship of 72,000 Bumiputera students at tertiary level.
4.54pm: RM41.3 billion allocated for education.
4.53pm: From January, RM100 schooling aid targeted at pupils from households with monthly income of RM3,000 and below.

4.49pm: Fiscal deficit expected to decline from 6.7% to 3.2% in 2015.
4.48pm: To provide clean water supply, RM877 million earmarked to build treatment plants.
4.42pm:  E-Visa to be implemented by mid-2016 to facilitate tourist arrivals.
4.42pm:  If sales and services tax retained, collection would have been only RM18 billion compared with GST revenue of RM39 billion.
4.37pm: Najib takes a swipe at opposition parties which had opposed the GST but now accepted it and using it in their own budget document.
4.34pm: RM900 million proposed for Jalan Tun Razak traffic dispersal project to reduce Kuala Lumpur congestion.
4.32pm: Budget themed “Prospering the rakyat” based on five priorities, including strengthening economic resilience and easing cost of living.
4.30pm: In 2016, federal government revenue collection estimated at RM225.7 billion, up RM3.2 billion over 2015.
4.29pm: RM267.2 billion allocated under Budget 2016 compared with revised RM260.7 billion in 2015.
4.20pm: Government to continue making right decisions though not popular in the best interest of rakyat and nation.
4.15pm: Malaysia is not a failed or bankrupt nation but stable with strong economic fundamentals and remains competitive.
4.11pm: Malaysia not spared from impact of global economic slowdown, declining commodity prices, ringgit depreciation, slower growth in advanced economies.
- See more at: http://www.themalaysianinsider.com/malaysia/article/live-najib-tables-budget-2016#sthash.FMQHOJ7n.dpuf

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