HEADLINES

tax cuts

Ringgit opens higher against US dollar

At 8.01 am, the ringgit rose to 4.2190/2365 against the US dollar from Thursday’s close of 4.2300/2355

Tax cuts unlikely in Budget 2025, focus shifts to reforms, says economist

Government prioritises economic resilience, sustainability in upcoming budget plans

CTIM expects luxury goods tax hike, no individual, corporate tax cuts in new budget

Chartered Tax Institute of Malaysia does not expect tax cuts for individuals or corporates, but more details on the luxury goods tax and the mechanism for capital gains tax in the upcoming Budget 2024. 

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Short-lived La Niña expected in early 2026, but stable weather to follow

MetMalaysia forecasts cool conditions and brief shifts in rainfall patterns before returning to normal

Heritage players controversy: Be ready for the worst, says TMJ

Despite not having an official role in the national football set up, Johor Crown Prince vows will fight up to the Court of Arbitration for Sports (CAS) if FIFA’s decision not in Malaysia’s favour

Elmina crash: prominent figures from Serba Dinamik, Awesome Media Network in flight operator’s company structure  

A deeper look at private jet operator Jet Valet Sdn Bhd, whose Beechcraft Model 390 aircraft crashed in Bandar Elmina, Shah Alam last month, has revealed the presence of prominent corporate figures whose other entities have come under the radar of authorities.