* Najib: Malaysia has created 2.26 million jobs, representing 69% of the 3.3 million target by 2020
* Budget 2018 allocates a sum of RM280.25b, up from RM260.8b in 2017
* Per capita income expected to rise to RM42,777 in 2018, from RM40,713 now, says PM
* Federal government's revenue collection projected at RM239.86b in 2018
* Budget 2018 to see RM234.25 billion allocated for operating expenditure, RM46 billion for development expenditure
* Additional RM200m allocated to Amanah Ikhtiar Malaysia in Budget 2018, raising fund size to RM2.7b
* Budget 2018 allocates RM6.5b to assist farmers, fishermen, smallholders and rubber tappers
* Budget 2018 allocates RM200m to SMEs for training programmes, grants and soft loans under the SME Corp
* Najib declares 2020 as Visit Malaysia Year with APEC, WCIT, CHOGM being held
* Najib: Works on ECRL to start by January 2018
* Budget 2018 allocates RM2b to SME Tourism Fund to provide soft loans to tour operators with interest subsidy of 2%
* Najib: Listing Pulau Pangkor as tax free island, except for alcohol, cigarettes, motor vehicles
* Najib: New airport in Tioman is being planned
* Penang International Airport and Langkawi International Airport to be upgraded
* Upgrade of international airports in Penang, Langkawi, Kota Baru, Sandakan with new airport in Mukah
* Najib: Alternative trading system will be introduced
* Feasibility study to be conducted for the building of a bridge from Labuan to mainland Sabah
* Construction of MRT3 to be expedited, with completion by 2025 instead of targeted 2027
* BNM to monitor payments of salaries to foreign workers (except maids) via accounts registered with local banks
* MRT2 project to cost about RM32b, says Najib
* Amanah Dana Anak Malaysia 2050 — Malaysian child born between Jan 1 2018 to 2022 to be awarded starting fund of RM200 via Amanah Saham PNB Units
* Tax incentives for new four- and five-star hotel investments extended until Dec 31, 2020
* Govt to build 14 sports complexes in the country at cost of RM112m
* RM61.6b allocation for education sector in 2018. Malaysia's education expenses is twice as high than that of other countries in Asean on average
* Govt aid of RM100 for students from low-income families continues in 2018, with RM328m allocation which will benefit 3.2 million students
* RM550m allocation for the maintenance and upgrading of schools in 2018
* PTPTN discounts until Dec 31, 2018: 20% discount for full settlement, 15% discount for 50% outstanding settlement, 10% through direct debit from salary
* RM4.9 billion allocated for TVET Malaysia Plan
* Najib: MRT is a ‘success story’ as it was completed ahead of time and RM2b less than originally projected
* Exemption of stamp duty on contract note for transaction of Exchange Traded Fund and Structured warrant over three years from Jan 2018 onwards
* Budget 2018: RM6.5b allocation for rural development
* RM300m to be allocated for National Blue Ocean Shift, including for the building of new Urban Transformation Centres
* Over RM14b to be allocated for the Malaysian Armed Forces, of which close to RM9b for the Royal Malaysian Police and RM900m to the Malaysia Maritime Enforcement Agency
* Najib: To increase equity holdings and investment in strategic sectors, RM150m to be allocated to Pelaburan Hartanah Bhd and RM150m to Ekuinas
* Najib proposes that private sector increase paid maternity leave for employees from 60 days to 90 days, to be in line with the public sector
* 12-month income tax exemption for women returning to workforce (after minimum 2-year break) proposed
* Personal income tax cut for all 2.3m tax payers, with 2% cut in the RM20,000 to RM70,000 tax income bands
* BR1M to continue in 2018, with 7 million BR1M recipients to receive a maximum payout of RM1,200 each in 2018
* Toll collection on Federal Highway (at Batu Tiga, Shah Alam and Sungai Rasau, Selangor); Bukit Kayu Hitam (Kedah) and Eastern Dispersal Link (Johor) abolished from Jan 2018
* Civil servants to get RM1,500 special payment: RM1,000 in early-Jan 2018 and remaining RM500 towards Hari Raya 2018
* Special payment of RM750 for pensioners in 2018
* RM2.5 billion allocated for MARA higher education scholarships, which is the highest ever allocation and to benefit 90,000 students
* Government retirees to receive RM750 special payment each: RM500 to be paid in January 2018 and remaining RM250 towards Hari Raya next year
* 50 Kedai Rakyat 1Malaysia outlets to be transformed to KRIM 2.0 in 2018, with 3,000 outlets set up within 3 years
* Domestic helpers can now be sourced directly from country of origin or online with Immigration Dept, at existing levy and processing fee rates
* Tax exemption on 50% of home rental income up to RM2,000 per month to Malaysians residing in Malaysia. Exemption given from Year Assessment 2018 to 2020
* Cost of hiring foreign domestic helpers to be reviewed, with a view on reducing it in future
* To encourage more affordable housing, Step Up Financing Scheme for PR1MA homes to be extended to private developers, based on criteria to be set
* RM27b allocation for healthcare, of which RM1.4b to maintain and upgrade facilities, RM50m for Voluntary Health Insurance Scheme
* RM1.5b allocated for PR1MA over two years to build 210,000 housing unit priced under RM250,000 per unit
* No GST for reading materials, including magazines, comics and journals, from Jan 1, 2018
* GST exemption for O&G firms that import rigs, floating structures from Jan 1
* RM5b to be allocated under Green Technology Financing Scheme to boost green technology investments
* Capital allowances on ICT equipment to be eligible for full claims between 2018 and 2020
* Civil servants who retire early due to health reasons to get retirement benefits similar to their retired counterparts
Source: The Edge
* Budget 2018 allocates a sum of RM280.25b, up from RM260.8b in 2017
* Per capita income expected to rise to RM42,777 in 2018, from RM40,713 now, says PM
* Federal government's revenue collection projected at RM239.86b in 2018
* Budget 2018 to see RM234.25 billion allocated for operating expenditure, RM46 billion for development expenditure
* Additional RM200m allocated to Amanah Ikhtiar Malaysia in Budget 2018, raising fund size to RM2.7b
* Budget 2018 allocates RM6.5b to assist farmers, fishermen, smallholders and rubber tappers
* Budget 2018 allocates RM200m to SMEs for training programmes, grants and soft loans under the SME Corp
* Najib declares 2020 as Visit Malaysia Year with APEC, WCIT, CHOGM being held
* Najib: Works on ECRL to start by January 2018
* Budget 2018 allocates RM2b to SME Tourism Fund to provide soft loans to tour operators with interest subsidy of 2%
* Najib: Listing Pulau Pangkor as tax free island, except for alcohol, cigarettes, motor vehicles
* Najib: New airport in Tioman is being planned
* Penang International Airport and Langkawi International Airport to be upgraded
* Upgrade of international airports in Penang, Langkawi, Kota Baru, Sandakan with new airport in Mukah
* Najib: Alternative trading system will be introduced
* Feasibility study to be conducted for the building of a bridge from Labuan to mainland Sabah
* Construction of MRT3 to be expedited, with completion by 2025 instead of targeted 2027
* BNM to monitor payments of salaries to foreign workers (except maids) via accounts registered with local banks
* MRT2 project to cost about RM32b, says Najib
* Amanah Dana Anak Malaysia 2050 — Malaysian child born between Jan 1 2018 to 2022 to be awarded starting fund of RM200 via Amanah Saham PNB Units
* Tax incentives for new four- and five-star hotel investments extended until Dec 31, 2020
* Govt to build 14 sports complexes in the country at cost of RM112m
* RM61.6b allocation for education sector in 2018. Malaysia's education expenses is twice as high than that of other countries in Asean on average
* Govt aid of RM100 for students from low-income families continues in 2018, with RM328m allocation which will benefit 3.2 million students
* RM550m allocation for the maintenance and upgrading of schools in 2018
* PTPTN discounts until Dec 31, 2018: 20% discount for full settlement, 15% discount for 50% outstanding settlement, 10% through direct debit from salary
* RM4.9 billion allocated for TVET Malaysia Plan
* Najib: MRT is a ‘success story’ as it was completed ahead of time and RM2b less than originally projected
* Exemption of stamp duty on contract note for transaction of Exchange Traded Fund and Structured warrant over three years from Jan 2018 onwards
* Budget 2018: RM6.5b allocation for rural development
* RM300m to be allocated for National Blue Ocean Shift, including for the building of new Urban Transformation Centres
* Over RM14b to be allocated for the Malaysian Armed Forces, of which close to RM9b for the Royal Malaysian Police and RM900m to the Malaysia Maritime Enforcement Agency
* Najib: To increase equity holdings and investment in strategic sectors, RM150m to be allocated to Pelaburan Hartanah Bhd and RM150m to Ekuinas
* Najib proposes that private sector increase paid maternity leave for employees from 60 days to 90 days, to be in line with the public sector
* 12-month income tax exemption for women returning to workforce (after minimum 2-year break) proposed
* Personal income tax cut for all 2.3m tax payers, with 2% cut in the RM20,000 to RM70,000 tax income bands
* BR1M to continue in 2018, with 7 million BR1M recipients to receive a maximum payout of RM1,200 each in 2018
* Toll collection on Federal Highway (at Batu Tiga, Shah Alam and Sungai Rasau, Selangor); Bukit Kayu Hitam (Kedah) and Eastern Dispersal Link (Johor) abolished from Jan 2018
* Civil servants to get RM1,500 special payment: RM1,000 in early-Jan 2018 and remaining RM500 towards Hari Raya 2018
* Special payment of RM750 for pensioners in 2018
* RM2.5 billion allocated for MARA higher education scholarships, which is the highest ever allocation and to benefit 90,000 students
* Government retirees to receive RM750 special payment each: RM500 to be paid in January 2018 and remaining RM250 towards Hari Raya next year
* 50 Kedai Rakyat 1Malaysia outlets to be transformed to KRIM 2.0 in 2018, with 3,000 outlets set up within 3 years
* Domestic helpers can now be sourced directly from country of origin or online with Immigration Dept, at existing levy and processing fee rates
* Tax exemption on 50% of home rental income up to RM2,000 per month to Malaysians residing in Malaysia. Exemption given from Year Assessment 2018 to 2020
* Cost of hiring foreign domestic helpers to be reviewed, with a view on reducing it in future
* To encourage more affordable housing, Step Up Financing Scheme for PR1MA homes to be extended to private developers, based on criteria to be set
* RM27b allocation for healthcare, of which RM1.4b to maintain and upgrade facilities, RM50m for Voluntary Health Insurance Scheme
* RM1.5b allocated for PR1MA over two years to build 210,000 housing unit priced under RM250,000 per unit
* No GST for reading materials, including magazines, comics and journals, from Jan 1, 2018
* GST exemption for O&G firms that import rigs, floating structures from Jan 1
* RM5b to be allocated under Green Technology Financing Scheme to boost green technology investments
* Capital allowances on ICT equipment to be eligible for full claims between 2018 and 2020
* Civil servants who retire early due to health reasons to get retirement benefits similar to their retired counterparts
Source: The Edge
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