Industry News Update (28 February 2023)

Revised Budget 2023 – Property highlights

The revised national Budget 2023 tabled by the 10th Prime Minister, Datuk Seri Anwar Ibrahim today unveiled the biggest ever allocation of RM388.1 billion, an upward revision from the RM372.3 billion budget announced on Oct 7, 2022.

Budget 2023: HBA’s concern and suggestions

The National House Buyers Association (HBA) acknowledges the challenges faced by the Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in the tabling of the revamped Budget 2023, in view of the post Covid-19 pandemic affecting the global and regional economies as well as the financial health of Malaysia.

Nga: Govt has no intention of upping the ceiling for non-bank loan rates

The government has no intention of increasing the limit of interest rates for credit community loan facilities or loans from non-bank licensed money lenders.