|
2016 Pakatan Harapan Alternative Federal Budget
The Malaysian alternative federal budget for the 2016 fiscal year was launched by Pakatan Harapan on 21 October 2015, two days before the Malaysian Budget Day, as a response to the government's federal budget. Areas of direction Some of the key items in the alternative budget were: * Implementing the capital gains tax since this is also being implemented in 127 countries, including all European countries which are part of the OECD. * Implementing the inheritance tax since many OECD members already implemented. * Restructuring of 1Malaysia Development Berhad (1MDB) by putting the firm into administration and prosecuting wrongdoers. * Separation of Prime Minister and Finance Minister portfolios to avoid excessive concentration of power held by one individual. * Support extension of Zeti Akhtar Aziz's term as Bank Negara Malaysia governor by two more years. * For a short term, keeping Goods and Services Tax (GST) system by zero-rating all items to mitigate inflation. * To set up ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakatan Harapan
The Alliance of Hope ( ms, Pakatan Harapan; abbrev: PH; stylized as HARAPAN) is a Malaysian political coalition consisting of centre-left political parties which was formed in 2015 to succeed the Pakatan Rakyat coalition. It has been the ruling coalition since November 2022 after it formed the coalition government with other political coalitions and parties as a result of the 2022 Malaysian general election, and after it won the 2018 Malaysian general election to February 2020 when it lost power as a result of the 2020 Malaysian political crisis at the federal level for 22 months. The coalition deposed the Barisan Nasional coalition government during the 2018 election, ending its 60-year-long reign (together with its predecessor, Alliance) since independence. It is currently the largest coalition in the Dewan Rakyat with 82 seats. At the state level, it is the ruling coalition in 6 of the 13 states in the country, Penang, Selangor, Negeri Sembilan, Perak, Pahang and Melak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PETRONAS
Petroliam Nasional Berhad (National Petroleum Limited), commonly known as Petronas, is a Malaysian oil and gas company. Established in 1974 and wholly owned by the Government of Malaysia, the corporation is vested with all oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. In the 2017 Forbes Global 2000, Petronas Gas was ranked at 1881st. Petronas also ranked 48th globally in the 2020 Bentley Infrastructure 500. Since its incorporation, Petronas has grown to be an integrated international oil and gas company with business interests in 35 countries. As of the end of March 2005, the Group comprised 103 wholly owned subsidiaries, 19 partly owned outfits and 57 associated companies. The Financial Times has identified Petronas as one of the " new seven sisters": [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2015 In Malaysian Politics
Fifteen or 15 may refer to: *15 (number), the natural number following 14 and preceding 16 *one of the years 15 BC, AD 15, 1915, 2015 Music * Fifteen (band), a punk rock band Albums * ''15'' (Buckcherry album), 2005 * ''15'' (Ani Lorak album), 2007 * ''15'' (Phatfish album), 2008 * ''15'' (mixtape), a 2018 mixtape by Bhad Bhabie * ''Fifteen'' (Green River Ordinance album), 2016 * ''Fifteen'' (The Wailin' Jennys album), 2017 * ''Fifteen'', a 2012 album by Colin James Songs * "Fifteen" (song), a 2008 song by Taylor Swift *"Fifteen", a song by Harry Belafonte from the album '' Love Is a Gentle Thing'' *"15", a song by Rilo Kiley from the album '' Under the Blacklight'' *"15", a song by Marilyn Manson from the album '' The High End of Low'' *"The 15th", a 1979 song by Wire Other uses * Fifteen, Ohio, a community in the United States * ''15'' (film), a 2003 Singaporean film * ''Fifteen'' (TV series), international release name of ''Hillside'', a Canadian-American teen dram ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
13th Parliament Of Malaysia
This is a list of the members of the Dewan Rakyat (House of Representatives) of the 13th Parliament of Malaysia. The opposition coalition Pakatan Rakyat that contested the general elections in 2013 was dissolved after series of disagreements between two main parties, Democratic Action Party (DAP) and Pan-Malaysian Islamic Party (PAS). A new opposition coalition Pakatan Harapan was formed by the DAP, People's Justice Party (PKR) and newly formed party National Trust Party (AMANAH), consisting of ex-PAS members. Several ex-UMNO members have also formed their own party Malaysian United Indigenous Party (BERSATU) and have signed an electoral pact with Pakatan Harapan to contest the future general election and ensure straight fights against Barisan Nasional. On 20 March 2017 BERSATU officially became a member of Pakatan Harapan. Composition Seating arrangement Old meeting hall in Dewan Rakyat This is the seating arrangement based on the old meeting hall in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysian Budgets
Malaysian may refer to: * Something from or related to Malaysia, a country in Southeast Asia * Malaysian Malay, a dialect of Malay language spoken mainly in Malaysia * Malaysian people, people who are identified with the country of Malaysia regardless of their ethnicities. Most Malaysians are of Malay, Chinese and Indian descent. ** Malaysian diaspora, Malaysian emigrants and their descendants around the world * Malaysian cuisine, the food and food culture of Malaysia * Malaysian culture, culture associated with Malaysia * The call sign and colloquial name of Malaysia Airlines See also * Malaysian names, names as used by the Malaysian people * * * Malays (other) * Malaya (other) * Malay (other) Malay may refer to: Languages * Malay language or Bahasa Melayu, a major Austronesian language spoken in Indonesia, Malaysia, Brunei and Singapore ** History of the Malay language, the Malay language from the 4th to the 14th century ** Indonesi ... {{disa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysian Ringgit
The Malaysian ringgit (; plural: ringgit; symbol: RM; currency code: MYR; Malay name: ''Ringgit Malaysia''; formerly the Malaysian dollar) is the currency of Malaysia. It is divided into 100 ''sen'' (formerly ''cents''). The ringgit is issued by the Central Bank of Malaysia. Etymology The word ''ringgit'' is an obsolete term for "jagged" in the Malay language. The word was originally used to refer to the serrated edges. The first European coins to circulate widely in the region were Spanish "pieces of eight" or "cob", their crude appearance resembling stones, hence the word jagged. The availability and circulation of this Spanish currency were due to the Spanish controlling nearby Philippines. An early printed source, the ''Dictionary of the Malayan Language'' from 1812 had already referred to the ringgit as a unit of money. In modern usage, ''ringgit'' is used almost solely for the currency. Due to the common heritage of the three modern currencies, the Singapore dollar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of Malaysia
The Parliament of Malaysia ( ms, Parlimen Malaysia) is the national legislature of Malaysia, based on the Westminster system. The bicameral parliament consists of the Dewan Rakyat (House of Representatives, Literal translation, lit. "People's Assembly") and the Dewan Negara (Senate, Literal translation, lit. "State Assembly"). The Yang di-Pertuan Agong (King), as the head of state, is the third component of Parliament. The Parliament assembles in the Malaysian Houses of Parliament, located in the national capital city of Kuala Lumpur. The term "Member of Parliament (MP)" usually refers to a member of the Dewan Rakyat, the lower house of the Parliament. The term "Senator" usually refers to a member of the Dewan Negara, the upper house of the Parliament. History Colonial and the Federation of Malaya Historically, none of the states forming the Federation of Malaysia had parliaments before independence, save for Sarawak which had its own Council Negeri which enabled local p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Negara Malaysia
The Central Bank of Malaysia (BNM; ms, Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as banker and adviser to the government of Malaysia and regulate the country's financial institutions, credit system and monetary policy. Its headquarters is located in Kuala Lumpur, the federal capital of Malaysia. The Bank is the only institution permitted to issue the Malaysian ringgit into circulation. Powers of the Bank The Central Bank is empowered through enactment of legislation by the Parliament of Malaysia. New legislation are created and current legislation is amended to reflect the needs of the time and future. Development Financial Institutions Act 2002 Promotes the development of effective and efficient development financial institutions. Central Bank of Malaysia Act 2009 Provides the establishment, administration and powers of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Attorney-General Of Malaysia
) , member_of = , reports_to = Prime Minister , department = Attorney General's Chambers , residence = , seat = Putrajaya , nominator = , appointer = Yang di-Pertuan Agong , appointer_qualified = on the recommendation of the Prime Minister of Malaysia , termlength = No fixed term , termlength_qualified = , constituting_instrument = Article 145 of the Federal Constitution , precursor = , formation = , first = Kenneth O'Connor , last = , abolished = , succession = , abbreviation = , unofficial_names = , deputy = Solicitor General of MalaysiaSolicitor General II of MalaysiaSolicitor General III of Malaysia , salary = , website = The Attorney General ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysian Anti-Corruption Commission
The Malaysian Anti-Corruption Commission ( ms, Suruhanjaya Pencegahan Rasuah Malaysia), abbreviated MACC or ''SPRM'', (formerly known as Anti-Corruption Agency, ACA or ''Badan Pencegah Rasuah'', ''BPR'') is a government agency in Malaysia that investigates and prosecutes corruption in the public and private sectors. The MACC was modelled after top anti-corruption agencies, such as the Independent Commission Against Corruption of Hong Kong and the Independent Commission Against Corruption in New South Wales (ICAC), Australia. There are five independent bodies that monitor the MACC to ensure its integrity and to protect citizen's rights. These bodies are managed separately from other government offices in order to provide an independent perspective. The five bodies are: the Anti-Corruption Advisory Board, the Special Committee on Corruption, the Complaints Committee, the Operations Review Panel, and the Corruption Consultation and Prevention Panel. The MACC once headed by Chief ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods And Services Tax (Malaysia)
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%. Many domestically consumed items such as fresh foods, water and electricity are zero-rated, while some supplies such as education and health services are GST exempted. After Pakatan Harapan won the 2018 Malaysian general election, GST was reduced to 0% on 1 June 2018. The then Government of Malaysia tabled the first reading of the Bill to repeal GST in Parliament on 31 July 2018 (Dewan Rakyat). GST was replaced with the Sales Tax and Service Tax starting 1 September 2018. Background GST was scheduled to be implemented by the government during the third quarter of 2011, but the implementation was delayed until 1 April 2015. Its purpose was to repl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Year
A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally not the reporting period to align with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees, are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each year: the day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
