by Teuvo Tuomi | Aug 11, 2024 | Malaysia, Business, Economy, News, Society
Civil servants in Malaysia may receive up to a 42.7% pay hike under the revised Public Service Remuneration System (SSPA), says Fahmi Fadzil, the Communications Minister. “As previously mentioned, the guidelines related to the salary increase among the civil servants...
by Teuvo Tuomi | Jun 19, 2024 | Malaysia, News, Southeast Asia, Trade, Visions
Malaysia will soon begin formal procedures to join the intergovernmental organization BRICS (Brazil, Russia, India, China, and South Africa), according to Prime Minister Datuk Seri Anwar Ibrahim. “We have made the appropriate decision. We will launch the formal...
by Teuvo Tuomi | Apr 18, 2024 | News, Economy, Energy, Malaysia
The plan to remove blanket fuel subsidies this year is on track, Malaysian Economy Minister Rafizi Ramli says. The move is to reduce the national fiscal deficit. Last year, Rafizi announced the targeted RON95 subsidy program in the second half of 2024 to optimize its...
by Teuvo Tuomi | Mar 26, 2024 | Malaysia, Entertainment, Lifestyle, Society
Malaysia lost more than 1 billion ringgit (about 210 million USD) in potential entertainment tourism receipts in 2023, after concerts were scrapped amid stringent government rules and protests from religious groups. Four concerts were scrapped in 2023, up from the two...
by Teuvo Tuomi | Mar 16, 2024 | Malaysia, Economy, Food & Drinks, Trade
Malaysia maintains its export tax for crude palm oil at 8% for April and raised its reference price, the Malaysian Palm Oil Board confirms. The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-ton range. The maximum tax rate is set...
