Budget 2013: Driving Transformation Towards A Developed Nation
Budget 2013 Malaysia will be tabled by Prime Minister Datuk Seri Najib Razak in Parliament TODAY, 28 September 2012 from 4:00pm to 6:00pm. and we expect this budget will be people and business friendly, based on the fact that this year will be high likely the Election Year!
We will list down all budget 2013 highlights in this page right after the presentation by our PM.
Budget 2013 Highlights
We participate the government to play more proactive role to stimulate the Malaysian Economy to overcome the possible Europe Crisis in coming years.
Pre-Budget 2013
The following are all the important Pre-Budget 2013 Tax News & Updates presented in the timeline manner for your easier reading. Please click on the title of each News for more details.
Budget 2013: More Funds Needed, Says Airasia
(20 September 2012)
In line with the government’s aim of transforming Malaysia into a tourism hub in the Asean region, budget carrier AirAsia Bhd feels that the government should allocate more funds to the Department of Civil Aviation Malaysia (DCA Malaysia) in the upcoming Budget 2013.
Chief executive officer of AirAsia, Aireen Omar, said more funds for DCA Malaysia would boost the department’s capabilities in handling Malaysia’s growing air traffic
Budget 2013: Good News For New Home Buyers?
(12 September 2012)
Housing and Local Government Minister Datuk Seri Chor Chee Heung said Datuk Seri Najib Razak was equally concerned about providing affordable homes for the people in the country.
Affordable homes are units priced between RM120,000 to RM300,000.
Budget 2013: More Initiatives To Spur Digital Services
(10 September 2012)
The government needs to take more initiatives in Budget 2013 to spur digital services, saidCelcom Axiata Bhd CEO Datuk Seri Shazalli Ramly.
Shazalli said they could be in the form of tax incentives, rebates or any other areas to allow consumers to participate in the digital era.
Budget 2013: Special Allocation For Education Ministry
(9 September 2012)
Deputy Prime Minister and Education Minister Tan Sri Muhyiddin Yassin said the Education Ministry hopes to get a special allocation under Budget 2013 to implement the National Education Policy Review Blueprint.
He said the special allocation was necessary to effect a major shift in education.
Budget 2013: People And Business Friendly Budget
(5 September 2012)
The draft copy of the 2013 Budget was tabled at the cabinet meeting on Wednesday (5 September), said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
“Malaysia Budget 2013 will be a balanced budget — people and business-friendly — our revenue and expenditure must be balanced,” he said, ”The budget parameters are already in place and the cabinet will study and fine-tune them.”
Dr Mahathir: Budget 2013 To Benefit All Malaysians
(5 September 2012)
The 2013 Budget is expected to be a very good and productive financial plan for the benefit of Malaysians, given that it is the last budget before the country faces the 13th general elections, Tun Dr Mahathir Mohamad said.
The former prime minister said the budget should not only be packaged with exciting goodies for the rakyat but must also carry a value on its own.
Second RM500 BR1M in Budget 2013? 
(1 September 2012)
The government will announce a second round of RM500 cash (BR1M) handouts to underprivileged households under Malaysia Budget 2013, in a move that is expected to boost the ratings of Prime Minister Datuk Seri Najib Razak and his Barisan Nasional (BN) coalition ahead of the general election expected to be called early next year.
“The second BR1M will be paid out as part of the Tax Budget 2013,” a government source toldThe Malaysian Insider.
Malaysia Budget 2013: An Election Budget
(30 August 2012)
The upcoming Malaysia Budget 2013 announcement will likely be an election budget with sweeteners such as pay rises for civil servants, said an economist.
“The Malaysia Budget 2013 will be announced in September and I suspect the election will be called soon after”, Economist Corporate Network (ECN) Chief Economist for South and South-East Asia Justin Wood said at a briefing hosted by Philip Morris (M) Sdn Bhd yesterday.
More Policies To Control House Prices And Reduce Speculation
(29 August 2012)
Tax Budget 2013 will see more measures to control the soaring prices of property, including tighter fiscal policies to curb speculation.
Housing and Local Government Minister Datuk Seri Chor Chee Heung said most Malaysians felt today’s property prices were “far too high” and wanted the Government to see to this.
Economic Growth the focus of Malaysia Budget 2013
(28 August 2012)
Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop says Tax Budget 2013 will focus on the people’s prosperity and the country’s economic growth to face the short- and long-term economic challenge besides maintaining the existing fiscal policy.
"For economic growth, we focus on the quality and quantity of the growth with the aim of maintaining a high growth rate and so that the benefits can be enjoyed by all the people."
Government to reduce debts while helping rakyat
(17 August 2012)
The government will focus efforts on reducing the country’s debt apart from helping the rakyat as well as boost the economy in formulating Malaysia Budget 2013.
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the country’s debt currently stands at 53 per cent of gross domestic product.
Bursa to rise on Malaysia Budget 2013
(15 August 2012)
The FBM KLCI (Bursa Malaysia) is expected to trend higher due to rising foreign fund flow, improved global sentiment and Malaysia Budget 2013 rotation play, according to Affin Investment Bank.
In a retail research note Tuesday, Affin said despite the Hari Raya holiday mood, it expects “FBM KLCI to trend higher towards 1650 level riding on improved global sentiment, rising foreign buying and Tax Budget 2013 rotation play”.
Lower taxes, affordable homes, cheaper food & better public transport
(7 August 2012)
The Finance Ministry received 84 memoranda from various groups, NGOs and individuals on proposals for the upcoming Malaysia Budget 2013 as it started off its first of 18 focus group meetings last week.
Deputy Finance Minister Datuk Donald Lim Siang Chai said among the popular requests was for lower individual and corporate tax, which he said would be considered.
More benefits are expected by the People
(7 August 2012)
Universiti Sains Malaysia’s School of Social Science deputy dean, Dr Sivamurugan Pandian, said “The tax budget 2013 needs to explore initiatives, especially for those below the poverty line as they would be hit hardest by any potential crisis,” he told the New Straits Times yesterday.
He said the previous budget initiatives such as the 1Malaysia People’s Aid (BR1M RM500 Cash) and Kedai Rakyat 1Malaysia (KR1M) should be continued, besides introducing more benefits for single parents and the needy.
Prime Minister invites ideas & inputs for Tax Budget 2013
(16 July 2012)
Prime Minister Datuk Seri Najib Razak has invited Malaysians to participate in the Malaysia Budget 2013 discussions by contributing ideas and sharing their suggestions and views online from Monday to July 29.
The public can submit their opinions by clicking on the appropriate place on the latest posting on Najib’s blog, www.1malaysia.com.my.
Malaysia Budget 2013 will be tabled on 28 September 2012
(16 July 2012)
Prime Minister Datuk Seri Najib Razak said the budget would focus on quality and balanced growth as well as the people’s well-being.
“I am here to listen to your views and recommendations on issues confronting us. As part of the tax budget 2013 consultation, we have received 84 memorandums.”
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