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.

The revised Budget 2023 was tabled earlier on Friday (Feb 24) by Prime Minister Datuk Seri Anwar Ibrahim. The budget themed “Menbangun Malaysia Madani” is aimed at helping the rakyat and boosting the economic prospects of the country.

The  Real Estate and Housing Developers’ Association (Rehda) Malaysia supports the revamped Budget 2023 tabled today, which includes the measures aiming to assist the rakyat, while ensuring an inclusive and sustainable economic growth, its president Datuk NK Tong said.

The country faces five core challenges in its domestic economy — a debt level that is too high, a decline in quality of administration, global economic uncertainties, a slow recovery in investments to pre-pandemic levels, and the impact of economic challenges on the rakyat — said Prime Minister Datuk Seri Anwar Ibrahim.

The Ministry of Local Government Development and BMG Global Sdn Bhd on Friday (Feb 24) signed an agreement for the construction of 1,048 units of Rumah Belia Madani (RBM) in the federal capital over the next five years.

Tropicana Corp Bhd’s executive vice chairman and major shareholder Tan Sri Danny Tan Chee Sing has emerged as Ipoh-based transport terminal and bus operator Perak Transit Bhd’s substantial shareholder after buying 17.39 million shares in the company.

UEM Sunrise Bhd returned to the black for the year ended Dec 31, 2022 (FY2022) after two years of losses, helped by a similar turnaround in the final quarter.

National housing issues were shared with external parties only with the intention of coming up with more comprehensive and practical policies and actions for the country, said Local Government Development Minister Nga Kor Ming.

Three house renovations in Residensi Merbok here were ordered to stop work due to various offences including engaging the services of unlicensed foreign contractors and workers.