Confident to weather US tariffs with strong economic fundamentals: PM
Prime Minister Anwar Ibrahim is confident Malaysia's strong economic fundamentals will enable the country to navigate global uncertainties following the retaliatory tariffs by the United States.
He stressed that reforms under the Madani Economic Framework will strengthen the country's ability to withstand global economic challenges and stay prepared for future uncertainties.
'With a...
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Free Malaysia Today
an hour ago
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SST expansion for imported food aimed at high-income earners, says Anwar
Prime Minister Anwar Ibrahim said the people should compare the expansion of the SST with the GST, which was even imposed on basic necessities like sugar and flour. PETALING JAYA : Prime Minister Anwar Ibrahim has defended the government's decision to expand the scope of the sales and service tax on imported products, saying it is targeted at high-income earners. Anwar, who is also the finance minister, said food items such as avocados and cod fish, which were imported, were generally purchased by the wealthy. 'If the rich want to eat avocados, then they will need to pay a little more,' he said at an event in Ipoh, Perak, today. On June 9, the finance ministry announced that a 5% to 10% rate will be imposed on non-essential goods from July 1, although basic necessities would not be taxed. Still, the announcement triggered brickbats. Other food items which will be slapped with a 5% tax include king crabs, salmon and truffles. Anwar also touched on the brouhaha over imported bananas, which were included in the revised list of items to be checked. He said locally produced bananas like pisang emas and pisang rastali would not be taxed. He urged the public to compare the expansion of the SST with the goods and services tax, which he said was even imposed on basic necessities like sugar and flour. 'Even though the rate was low, the rakyat had to bear the GST,' he said. Anwar admitted that while it was easier to implement the GST when compared to the SST, he wondered if the government should tax fishermen, small-time farmers and street sweepers. He said that whatever revenue was generated from tax collection would be used to increase the salaries of civil servants, social aid such as the 'Sumbangan Tunai Rahmah', and to develop infrastructure. Anwar said the government had allocated RM13 billion for the STR cash aid for the B40 and M40 groups to help cushion the impact of the rising cost of living. 'I really hope the public understands this,' he said.
Malaysiakini
8 hours ago
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Anwar: Let MACC arrest people every day, I won't interfere
Prime Minister Anwar Ibrahim has no objections to the MACC taking aggressive action to recover stolen public funds, including making arrests daily if necessary. Speaking at the Madani Rakyat programme in Lumut, Perak, today, Anwar stressed that reforms in governance must prioritise curbing abuse of power and increasing transparency.
The Sun
10 hours ago
- The Sun
New Sepak Takraw Academy to nurture talent, host matches, and boost PSM income with RM6 million MADANI Government funding.
KOTA BHARU: The setting up of the Malaysian Sepak Takraw Academy is expected to serve as a catalyst for the development of new talent in the sport as well as pave the way for the Malaysian Sepak Takraw Association (PSM) to generate new sources of income. Chairman of the Athletes Education Committee under the PSM Sepak Takraw Development Bureau, Prof Dr Mohad Anizu Mohd Nor said the immediate allocation of RM6 million announced by Prime Minister Datuk Seri Anwar Ibrahim yesterday would enable the academy to be fully equipped and function comprehensively. He said it would serve as a training centre, official match venue, administrative office and also provide dormitory facilities. 'This allows PSM to train more new grassroot talents besides generating income when it can attract international collaboration for promotion and training, besides organising competitions,' he told Bernama. According to Mohad Anizu, the academy is also expected to strengthen the status of sepak takraw which has the potential to be re-instated as a national core sport after being dropped in 2017. 'A rebranding of PSM is also being pursued so that this academy remains relevant as the official national sepak takraw training centre,' he said. Yesterday, the MADANI Government agreed to expedite the approval of allocations for the establishment of the Malaysian Sepak Takraw Academy, so that it can materialise by year-end. Anwar was reported to have said that the government would ensure that the proposal to establish the academy becomes a reality.
