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Budget 2027: RM16 Bln STR, SARA Allocation Set To Boost Household Spending, Retail Sector

KUALA LUMPUR, Oct 23 (Bernama) -- The government’s higher RM16 billion allocation for Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA), along with the personal income tax measure under Budget 2027, is expected to sustain household consumption and support retail sector earnings, particularly among essential goods and value retailers.

EPF Contribution Rate For Foreign Workers Relatively Low, Says MOF

KUALA LUMPUR, Oct 22 (Bernama) -- The two per cent Employees Provident Fund (EPF) contribution rate payable by employers for non-Malaysian workers is relatively low, the Finance Ministry (MOF) said.

Repayment Deferments Extended To Nepal-China Flood Victims, Says BNM

KUALA LUMPUR, Oct 22 (Bernama) -- Repayment deferments have since been extended to victims affected by the recent floods along the Nepal-China border, Bank Negara Malaysia (BNM) said.