Instead of cutting the petrol subsidy, the government raised the service tax and removed the diesel subsidy in Budget 2024. A luxury goods tax and capital gains tax were also introduced. Is this a prelude to more fiscal reforms in the mid-term?
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00:00 [Music]
00:04 Many had anticipated that Budget 2024 would entail some form of targeted petrol subsidy,
00:10 but that was not announced last Friday.
00:12 Instead, the government raised the service tax and chose to start with a rationalisation of diesel prices in stages.
00:19 A luxury goods tax and capital gains tax were also introduced.
00:23 Is this a prelude to more fiscal reforms in the midterm?
00:27 In certain countries, rapid urbanisation has placed immense pressure on infrastructure and housing developments in Malaysia.
00:34 Digitalisation plays a crucial role in helping the construction sector meet growing demand.
00:40 Industry players talk about the obstacles they face.
00:43 In options, it has been exactly 12 months since the triumphant reopening of London's Battersea Power Station.
00:50 Its trio of key stakeholders talk about the year that was
00:53 and what else can be expected of the iconic project in the near future.
00:58 Finally, in our ESG pullout, for some sectors, it is more difficult to decarbonise
01:03 because of technology constraints and prohibitive costs.
01:07 However, two Malaysian companies in the metal manufacturing business are forging ahead
01:12 to seize opportunities in the low-carbon economy.
01:16 Details are this week's edition of The Edge.
01:18 Save by subscribing to us for your print and/or digital copy.
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01:26 [Music]