Industry News Update (30 December 2022)

Assessment Tax Cut For Putrajaya Homes Shows Government’s Concern For Civil Servants, No More Property Valuation Reports For Petaling Jaya Developers And, More

The 30% assessment tax discount offered by the government for homes costing below RM300,000 in Putrajaya proves the government’s concern for civil servants.

More OPR hike likely with pricier electricity tariff adding to near-term CPI shock

WHILE Government intervention on administered items such as chicken/egg prices and petrol/toll fees will continue to partly contain inflation in the near term, the said cannot be said of the electricity price hike which will take effect in January 2023.

Zahid: Empowerment of sustainable rural development must be inclusive

TO ensure the well-being of rural and regional communities, the Rural and Regional Development Ministry will focus on four major components of sustainable rural development.