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Budget 2016 Live Feed:
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5:45pm – PM Najib had concludes his tabling of budget at the Parliament.
5:40pm – The 2016 Budget allocates a total of RM267.2 bln compared with the revised RM260.7 bln in 2015.
5:38pm – RM500 for all civil servants to ease cost of living.
5:37pm – Government Pensioners will receive special assistance of RM250.
5:36pm – Civil servants will receive a special gift of RM500 in January 2016.
5:35pm – Utilizing 500 thousand employees, if a contributor dies within one working beneficiaries receive a monthly payment of
90% of income.
5:34pm – To allow more people to benefit workers’ compensation insurance, qualifications defined contribution salary increased
from RM3 million to RM4 million a month.
5:33pm – Children who support their parents, though not living together, given the cumulative tax relief of RM1,500 each for
mothers and fathers. Provided, mother and father, aged 60 years and over with income not exceeding RM2,000 a
month.
5:32pm – Tax relief for individual taxpayers whose spouse has no income, increased from RM3000 to RM4000.
5:31pm – Limit tax relief for each child under the age of 18 years from assessment 2016, doubled from RM1000 to RM2000.
5:30pm – In effort to ease the cost of living, the 1Malaysia People’s Aid or BR1M will continue. In line with the manifesto of the
Barisan Nasional, is pleased to announce a number of BR1M for 2016 will be increased as follows:
1. A new category was introduced for recipients in e-Kasih list with a monthly income below RM1 million will receive
BR1M of RM1050.
2. For households with monthly income of RM3 thousand down, BR1M be increased from RM950 to RM1,000.
3. For households earning between RM3,001 to RM4k, BR1M be increased from RM750 to RM800.
4. For the Death Benefit Scheme, the grant of RM1,000 will be continued.
5. For single individuals 21 years of age, income not exceeding RM2K month, was raised from RM350 to RM400.
5:29pm – 1. Give the benefit of the transfer of salary equivalent to one annual increment will make the grade participate 1.6
million with an allocation of RM1.1 billion.
2. Improving as much as 252 service scheme which will benefit 406 thousand civil servants.
3. Set the lowest starting salary in the Public Service to RM1200 per month which will benefit 60 thousand civil
servants.
4. Set the minimum pension of RM950 a month, involving almost 50 thousand retired civil servants with at least 25
years of service.
5. To appoint permanent appointed officials Contract of Service who served at least 15 years. Utilizing 10 thousand
contract employees.
5:29pm – RM17.3 billion allocated to Defence Ministry; armed forces will be equipped with latest technology.
5:28pm – The addition of 500 units and 500 Police Motorcycle Patrol unit patrol car with an allocation of RM35 million.
5:28pm – RM50 millions to increase prison security measures; RM20 millions for the Safe City Program in 60 black spots.
5:27pm – RM60 million proposed to implement flood forecasting/warning programme, develop National Earthquake & Tsunami
Sub-Centre in Sabah – PM Najib.
5:27pm – Housing: 22,300 flats, 9,800 terrace houses under Rakyat Housing Scheme.
5:26pm – Housing: 100,000 homes for civil servants ready by 2018 between RM90k and RM300k.
5:25pm – RM180 millions for disaster management, RM730 millions for flood mitigation projects, RM60 millions for flood
warning system.
5:24pm – RM17.3 billions of serving the camp. Defence for the procurement of 6 Littoral Combatant Ship, armored cars, Airbus
A-400M.
5:24pm – RM730 million is allocated for Flood Mitigation Project in the country.
5:23pm – RM2 billions to assist disabled, elderly and poor families under Women, Family and Community Dev Ministry.
5:23pm – Commenced operations and Women’s Hospital Children’s Centre, which is worth RM848 million in October 2016;
Kajang Hospital Redevelopment.
5:22pm – Build five new hospital in Pasir Gudang, Kemaman, Limavady, Maran and Cyberjaya.
5:21pm – RM90mil allocated as mico-credit loans for small traders and Chinese businessman.
5:20pm – RM45mil to assist in extra food, pocket money and school transport fees for Orang Asli community.
5:19pm – Provision almost RM2 billions to the ministry to assist the disabled, the elderly and the poor.
5:19pm – RM200 million earmarked for First House Deposit Financing Scheme to assist first-time housebuyers of affordable
houses to pay deposit- Najib.
5:18pm – TEKUN to provide RM600mil with RM500mil for Bumiputras and RM100mil for Indian entreprenurs.
5:17pm – Build 800 affordable housing by GLC near MRT stations and 4,600 affordable homes by Sime Darby Property.
5:16pm – Allocate RM60 million to the Department of Orang Asli dedicated to the construction of indigenous peoples.
5:15pm – Build 22,300 units and 9,800 units of terrace houses under the People’s Housing Programme KPKT with an allocation
of RM863 million.
5:15pm – Build 10 thousand housing units by SPNB people-friendly, with subsidies for each household RM20k with the
provisions RM200 milions.
5:14pm – Build 175 thousand houses by PR1MA, which sold 20% below the market price, with the provision of RM1.6 billion.
5:14pm – RM50 million provided to SME Bank to help entrepreneurs.
5:13pm – Actual pemutuan paddy rice price uniformity based on the RM1200 / tonne. The government is also increasing the rate
of SSHP to RM300 / MT.
5:12pm – Limit of RM50k loan for each long house unit for Sabah and Sarawak.
5:11pm – Rubber Production Incentive activation level increased to RM5.50 / kg SMR20 Freight On Board. Rubber scrap
increased to RM2.20 / kg.
5:10pm – RM360 million to improve National Service (NS) and RM160 million allocated for NGOs.
5:09pm – For the welfare and advancement of indigenous peoples, as provided RM300 millions.
5:08pm – Additional RM90 million as micro-credit loans to hawkers and petty traders Chinese traders including RM50 million
for Kojadi.
5:07pm – RM100 million is provided under the Community Socio-Economic Development Programme India.
5:06pm – RM50 Millions provided by the SME Bank to assist small entrepreneurs for India.
5:05pm – RM3.7 billion allocated for Mara expenditure, including for sponsorship of 72,000 Bumiputera students at tertiary
level.
5:04pm – BR1M to continue for 4.7 million households.
5:03pm – In Sabah, the highway will start construction in 2016 covering 706km, starting from Sindumin to Tawau, at an
estimated cost RM12.8b.
5:02pm – Domestic air passenger transport services on the route Rural Economy Class Air Services excluded from the GST.
5:01pm – Pan Borneo Highway will be free from any toll charges.
5:00pm – RM930 Millions allocated to the Youth and Sports Ministry.
4:59pm – Aim to strengthen the English language in schools.
4:58pm – RM38.5 Millions to promote a dual language program and highly immersive program. 300 schools as starters.
4:57pm – Empowerment Fund is a national agenda and of course, includes the development of the Bumiputera in Sabah and
Sarawak.
4:56pm – RM41.3 billion proposed for education in 2016.
4:56pm – RM360 Million to increase both NS for 20 thousand pupils. It involves new curriculum as creative thinking skills and
technical skills.
4:55pm – Reduce intensity of greenhouse gases output to 40% GDP in 2020.
4:55pm – RM250 1Malaysia book voucher will be available for 1.2 million students.
4:54pm – RM100 aid for households with income below RM3,000. Expected to benefit 3.5 million students.
4:54pm – For SME to spend for R&D they are eligible for tax cuts twice.
4:53pm – RM100 assistance to parents with school-going kids. This is to help alleviate cost burden”, says PM.
4:53pm – Assistance of RM100 continue, devoted to Boy households berpendptn RM3k to below. It utilizes a 3.5M students with
RM350mil.
4:52pm – For pre-school class rank, the RM44.6mil allocated to various programs at the 9,113 classrooms throughout Malaysia.
4:52pm – The government is targeting a reduction in the intensity of greenhouse gas emissions up to 40% of GDP in 2020.
4:51pm – Extend the implementation of the Green Technology Financing Scheme until 31 December 2017, with funds of RM1.2
bil.
4:51pm – RM515 Million allocated for improving the quality of electricity supply in Sabah.
4:50pm – RM5.3 Bil to modernise farming.
4:50pm – RM30 Million for entrepreneurial young people such as Global Enterepeurnship Community, ARK, GREAT, 1MET,
Nat Innovtn Comptn, SRJK Pioneer Coding.
4:49pm – Tourism expected to contribute RM103bil. E-Visa for 7 countries available in mid-2016 to make it easier for people to
visit Malaysia.
4:49pm – To make the country competitive mobile technology hub in the region, assigned to Camp RM1.5b Science, Technology
and Innovation.
4:48pm – Government to continue high speed rail negotiations with Singapore government.
4:48pm – RM1.2bil to improve internet speeds from 5mbps to 20mbps.
4:47pm – RM60mil to be spent in social amenity projects and flood prevention efforts.
4:47pm – RM67mil allocated for bus operation routes outside the city.
4:46pm – RM180 million to upgrade drainage and irrigation infrastructure in the area of Integrated Agricultural Development.
4:46pm – RM450 million for various programs such as the cultivation of fruit and vegetables as well as matching grants and
research of herbal products and breeding fish in cages.
4:45pm – Existing tax exemption of 100% statutory pendptan than the tour operators continued from 2016 until 2018.
4:45pm – For 2016, the government targets 30.5j RM103b tourists are expected to contribute to the economy. RM1.2b allocated
to the Ministry of Tourism.
4:44pm – RM878 million for the Rural Electrification Project, which involves 10k home. RM568j for Rural Water Supply Project
for three thousand homes.
4:44pm – RM1.4b to build and upgrade rural roads across the country sepjg 700km. RM200j bg upgrade penempatn walking in
FELDA.
4:43pm – The State is expected to be in a runaway inflation between 2-3% next year.
4:43pm – SKMM provide RM1.2b, among other things, to increase the speed rural internet from 5 Megabits per second, to 20
Megabits per second.
4:42pm – Bus Rapid Transit Project KL-Klang at a cost of more than RM1.5b & Bus Rapid Transit Kota Kinabalu at a cost of
nearly RM1b be implemented.
4:42pm – LRT3 project of Bandar Utama, Damansara-Johan Setia, Klang, with an estimated construction cost RM10b starts in
2016, completed in 2020.
4:42pm – RM42 million provided for the construction Airports Mukah, Sarawak and upgrading airport in Kuantan and Kota
Bharu.
4:41pm – Setting up a fund SME loans totaling RM200 million Tech Transformation Fund, under the SME Bank at an interest
rate of 4%.
4:40pm – RM107 million for SME Masterplan bg funding, RM60j Setback for Entrepreneurs Scheme and the Scheme to
Improve Capacity and Capability of SME.
4:40pm – Supplementary Scheme RM1b for Shariah-compliant SME Financing Fund as at December 31, 2017, the Government’s
responsibility 2 percent of KDR profit of funding.
4:39pm – Stamp duty exemption of 20% on instruments of Shariah-compliant financing for home purchases.
4:39pm – RubberCity development in Sabah with an allocation of RM320 Million, Samalaju Industrial Park, Srwk RM142
Million & Pier Palm Oil in Sandakan RM20 Million.
4:38pm – Further investments estimated at RM18 bill for 2016 for the RAPID Project Complex in Pengerang.
4:37pm – Khazanah also memperutkkan RM500 million for venture capital and private equity funds, including venture capital
fund of RM50 million.
4:36pm – RM6.7b investment by Khazanah in 9 domestic projects such as health care, education, tourism, software and
communication infrastructure.
4:36pm – Building City Airport or KLIA Aeropolis in an area of 1,300 acres and is expected to attract investments of RM7bil
4:35pm – Implement Cyber City Centre in Cyberjaya with the development of almost RM11 billion within 5 years.
4:34pm – Build Malaysian Vision Valley, an area of 108,000 ha of value to Port Dickson, with an initial investment outlook on
2016 RM5b.
4:33pm – 2016 Budget is themed ‘Prospering the Rakyat’ based on five priorities, including strengthening economic resilience &
easing cost of living.
4:32pm – This will be driven by private investment, which increased by RM218.6b and supported by public investment of
RM112.2b.
4:31pm – Domestic investments will continue to be boosted by the expected contribution to GDP at 26.7 percent for 2016.
4:30pm – Federal Government revenue collection is estimated RM225.7b for 2016, an increase of RM3.2b compared to 2015
4:29pm – Allocate RM267. Billions compared RM260.7 Billions amended provisions for the year.
4:28pm – Users of prepaid Malaysian telco will be back with an amount equivalent to GST rebates paid, credited with effect from
1 January to 31 December 2016.
4:28pm – GST relief for the procurement of materials and equipment, teaching, training providers and vocational skills
4:27pm – For the oil and gas industry, GST relief given to the re-importation of temporarily exported equipment for hire and
leasing.
4:26pm – GST relief for the importation of objects that re-exported temporarily for promotion, research or exhibition.
4:25pm – More small farmers can register under the GST and the flat rate scheme applied to ATS extra 2% in sales value that can
accommodate the GST paid input.
4:25pm – GST zero rate for food items such as milk-based infant and childhood soy and organic milk, brown sugar, dried
noodles dumb and etc.
4:24pm – The imposition of GST zero rate on medicines medicines called involves a doubling to 8,630 from 4,215 drug brands.
4:24pm – The government is ready to release more tax revenue GST on some items up. GST zero rate on all types of drugs
controlled under the Poisons list of groups A, B, C & D. GST zero rate on 95 additional brands over-the-counter
covered 30 diseases such as cancer, diabetes, hypertension and heart disease.
4:23pm – Despite the country’s financial constrained, the Government continued to hear the pulse and concerns of the people.
4:23pm – Opposition stance on GST constantly changing and inconsistent.
4:22pm – The opposition used to oppose that, even now beginning to receive the GST was put in their budget documents.
4:22pm – Without extra tax collection, the Government had underw to pay civil servants’ salaries ngara credit rating downgraded
and increased cost has been supplied.
4:22pm – Without GST, deficit countries will increase to 4.8% and not 3.1% as projected in 2016.
4:21pm – SST tax collection compared to only RM18 Billions GST collection of RM39 Billions.
4:21pm – Quotes GST had to cover some lack of petroleum revenue.
4:21pm – World oil prices are expected to remain low in 2016 and revenue from oil-related sources estimated RM31.7 Billions
4:20pm – Total contributions by Petronas dividend to the treasury depends on fluctuations in world oil prices.
4:20pm – GST is the government’s decision to exercise the right following the fall in oil prices over 50%.
4:20pm – Surrender or submission compliance rate reached over 90% GST
4:19pm – People were able to provide comforts such as BR1M, 1M Clinic, UTC, RTC & KR1M to alleviate the cost of living.
4:19pm – The State is expected to be in a runaway inflation between 2-3% next year.
4:18pm – Reserves remained high at RM418b calls on 15Okt 2015, could be financed at 8.8 months of retained imports and is 1.2
times the external debt of lifelong short.
4:18pm – Foreign investment firm in RM22.4bn in the first half 2015.
4:17pm – 5 million people in rural bdr’re getting the basic amenities such as electricity and clean water
4:17pm – The unemployment rate was reduced KPD 2.9% and of 1.8 million new jobs created
4:16pm – The poverty rate declined KPD 0.6% in 2014 from 3.8% on year in 2009, even extreme poverty nearly eradicated
4:15pm – The fiscal deficit is expected to decline 3.2% this yr KPD than 6.7%
4:14pm – Growth is expected to grow 4-5% on yr in 2016 driven by investment (6.7%) and private consumption (6.4%)
4:13pm – Malaysia could not escape the global econ moisture; decline in commodity prices, the depreciation of the RM and slow
growth countries superpower
4:12pm – The economy is expected to grow by 4.5-5.5% this year compared with expectations of 3.1% for the global economy
4:09pm – Budget 2016 Operating Expenses: RM215.2 Billion Development Expenses: RM52 Billion. Total: RM267.2 Billion
4:06pm – Prime Minister entered the House of Representatives, the Budget 2016 will begin shortly.
3:59pm – Deputy Prime Minister, Datuk Seri Ahmad Zahid Hamidi arrived at the Parliament lobby, a moment ago.
3:58pm – Deputy Umno President Tan Sri Muhyiddin Yassin arrives at the Parliament House ahead of the 2016 Budget tabling.
3:55pm – PM Najib Razak dressed in a purple baju Melayu arrived at Parliament to table.
3:45pm – PM Najib Razak embracing prayer recited after receiving bag budget speech in 2016 in Putrajaya, today.
