Malaysia fiscal policy

With 2024 Budget, Malaysia Gets Serious About Taxes

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With 2024 Budget, Malaysia Gets Serious About Taxes

Malaysia is a resource-rich country with a smallish population of around 30 million. This means it produces more commodities (petroleum, palm oil, etc.) than it can consume, and exports the surplus. These exports generate revenue for the state through taxes and royalties, as well as through public ownership of the oil and gas company Petronas, … Read more

Targeting the Economy, Malaysia’s PM Announces Cabinet Reshuffle

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Targeting the Economy, Malaysia’s PM Announces Cabinet Reshuffle

Malaysia’s Prime Minister Anwar Ibrahim yesterday announced a major cabinet reshuffle, amid growing public discontent around the state of the Malaysian economy. Speaking during a televised press conference, Anwar, who also serves as finance minister, said that he would increase the size of the cabinet to 60 ministers and deputies, up from 55 previously, in … Read more