Morning Brief

Budget 2024 had incentives to help Malaysia's MSMEs. These include RM44 billion in loans and financing guarantees, as well as RM2.2 billion in total funding to support them automate their business processes, digitalise their operations and increase their international footprint. Datuk William Ng, National President, Small and Medium Enterprises Association of Malaysia (SAMENTA), tells us how these incentives might work going forward.

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In Budget 2024, revenue projections are at RM307bn. What new taxes were introduced for that purpose and were there any goodies for the rakyat considering the fiscal consolidation pressures? Sim Kwang Gek, Country Tax Leader, Deloitte Malaysia shares with us her perspective.

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The RM393.8 billion ringgit Budget 2024 hopes to see Malaysia's fiscal deficit narrow from 5% this year to 4.3% of GDP for 2024. Julia Goh, Senior Economist at UOB Malaysia breaks the details down further for us as she assesses how the phasing out of diesel subsidies, the end of chicken and egg price controls and the continuation of targeted electricity subsidies based on consumption might affect Malaysia's economic fortunes.

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All eyes are on the Budget 2024 tabling this Friday, with a lot of scrutiny on how the government plans to narrow the fiscal deficit in line with recently passed Public Finance and Fiscal Responsibility Act. How will this new law and Budget 2024 shape Malaysia’s economic policies moving forward? Economist Dr. Afzanizam Abdul Rashid gives us a preview of expectations for the budget.

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All eyes are on the Budget 2024 tabling this Friday, with a lot of scrutiny on how the government plans to narrow the fiscal deficit in line with recently passed Public Finance and Fiscal Responsibility Act. How will this new law and Budget 2024 shape Malaysia’s economic policies moving forward? Economist Dr. Afzanizam Abdul Rashid gives us a preview of expectations for the budget.

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The second reading of the Control of Smoking Products for Public Health Bill 2023, also known as the generation end game initiative was postponed to a date to be announced later. As a refresher, the bill was tabled for its first reading in June this year before being sent to the Parliamentary Special Select Committee (PSSC) for further review. And then on Wednesday, the health ministry announced the launching of a survey to get public feedback on the anti-smoking Bill. Boo Su-Lyn, Editor-in-Chief, CodeBlue shares with us the latest developments in this ambitious legislation.

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On October 14th, Australia will hold a referendum on whether the constitution should be amended to give recognition to Indigenous Australians and create a body, known as the Voice, that would provide a channel of communication to the government. We’ll discuss what the debate on this proposal reveals about Australian society and politics with Paul Strangio, Emeritus Professor at Monash University.

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Has the business of MyAirline crash landed in less than a year? Early this morning, the low cost carrier announced it is temporarily suspending all operations until further notice, due to financial difficulties. We get reactions from independent aviation analyst Brendan Sobie on the challenges of keeping a budget airline afloat and the role of the regulator in this scenario.

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Malaysia has long grappled with the challenge of broadening its tax base without alienating the people. How will the government navigate this balancing act? We speak to Soh Lian Seng, Head of Tax at KPMG for his expectations of Budget 2024 and the different levers available for broadening the tax base.

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Malaysia has long grappled with the challenge of broadening its tax base without alienating the people. How will the government navigate this balancing act? We speak to Soh Lian Seng, Head of Tax at KPMG for his expectations of Budget 2024 and the different levers available for broadening the tax base.

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See omnystudio.com/listener for privacy information.