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PETALING JAYA: The current income group classifications of B40, M40, and T20 do not accurately reflect the true economic stratification of Malaysian households, according to a study by Khazanah Research Institute (KRI).
KUALA LUMPUR: Khazanah Research Institute's (KRI) latest study finds that the current classification of the Bottom 40 (B40), Middle 40 (M40), and Top 20 (T20) income groups does not accurately reflect the true economic stratification of Malaysian households.
KUALA LUMPUR: While the total transaction of buy-now-pay-later (BNPL) has significantly increased, reaching RM12bil last year, it was revealed that the majority of users have been making repayments on time.
PETALING JAYA: Malaysia’s categorisation of income earners is rather problematic as those in B40, M40 or others are not “fixed” groups in reality, says economist Dr Muhammed Abdul Khalid.
PETALING JAYA: The M40 and T20 groups are disappointed at being “left out” of Budget 2025 incentives, says the Federation of Malaysian Consumers Associations (Fomca).
PETALING JAYA: The loan moratorium is applicable to all those who have lost their job during the movement control order - including those in the M40 and T20 groups - says Tengku Datuk Seri Zafrul Abdul Aziz.
Malaysians have long been divided by household income into three groups – the B40 (bottom 40%), M40 (middle 40%), and T20 (top 20%) – but the government is now mooting a new approach based on net disposable income (NDI).
KUALA LUMPUR: The Chartered Tax Institute of Malaysia (CTIM) does not anticipate any new tax to be introduced in the upcoming Budget 2023 but expects the government to maintain the two-percentage point (ppt) income tax cut for the middle-income group (M40) and 0.5-ppt tax rise for the high-income earners (T20) proposed in the previous budget.
PETALING JAYA: The Chartered Tax Institute of Malaysia (CTIM) does not anticipate any new tax to be introduced in the upcoming Budget 2023, but expects the government to maintain the two-percentage point (ppt) income tax cut for the middle-income group (M40) and 0.5-ppt tax rise for the high-income earners (T20) proposed in the previous budget.
KUALA LUMPUR: The criteria used to classify the B40, M40 and T20 groups in selecting individuals to perform haj for the 1444H season and the number of pilgrims to receive the offer this year are expected to be the focus of the Dewan Rakyat sitting on Thursday (June 8).
KUALA LUMPUR: The government has been urged to balance assistance between the B40 and M40 groups in helping them face the current economic challenges.
PETALING JAYA: The government, which is undergoing a restructuring of policies regarding subsidies has been urged to not completely leave the M40 and T20 groups out in the cold.
A HOUSEWIFE in Pontian, Johor, asked to be removed from the M40 tier and be placed under the B40 tier after she was required to pay RM23,500 to perform her haj, Kosmo! reported.
KUALA LUMPUR: Discussions between the Economy Ministry and the National Economic Action Council (MTEN) have started on the types of aid to be provided under the new targeted subsidies approach, says Rafizi Ramli.
KUALA LUMPUR: A new mechanism for electricity tariff adjustments for T20 domestic consumers will be announced once the Padu system has finalised it by the year end, says Nik Nazmi Nik Ahmad.
A NEW mechanism for electricity tariff adjustments for T20 domestic consumers will be announced once the main data base (Padu) system has finalised it, says Nik Nazmi Nik Ahmad.
PETALING JAYA: The 2025 Season Haj fee for B40 Muassasah pilgrims is RM15,000 per person and the Haj financial assistance is RM18,300, says Tabung Haji.
The Madani government’s poorly explained economic policy is leaving many in its power base ultra anxious.
PETALING JAYA: The total subsidy allocation for the haj in 2025 remains at RM261mil, but the payments to be borne by pilgrims had to be increased due to economic factors beyond the control of Tabung Haji (TH), says its chairman Tan Sri Abdul Rashid Hussain.
