Budget 2025 for Malaysia is being tabled now (October 18, 4pm) by finance minister and prime minister Datuk Seri Anwar Ibrahim. As with prior editions, we will be posting live updates on matters related to the automotive and transport sector here.
Targeted RON95 petrol subsidy to start mid-2025
- Govt has agreed to carry out targeted RON95 petrol subsidy by mid-2025 without affecting 85% of Malaysians, who will continue to enjoy subsidised prices.
- The top 15% earners (T15) will pay more for fuel, saving the government RM8 billion in subsidies.
- Full story here
MyDigital ID to be used as sole government app for JPJ, PADU and LHDN
Proceeds from sale of special number plates will be used to help the less privileged through:
- MyLesen for the benefit of 15,000 youths
- Flight tickets for 60,000 Sabah and Sarawak graduates
- Distribution of 67,000 free motorbike helmets
- Full story here
Perodua working on sub-RM100k EV
No mention of EV tax break extension
- Therefore, CBU EV tax breaks are expected to end in 2025
- From 2026, only CKD EVs will be tax free
- Free road tax for EVs should also end in 2025
- Full story here
Road refurbishment to reduce accident cases
- RM2.8 billion for federal roads
- RM1 billion for non-main roads (secondary roads, FELDA roads, industrial roads) and flood-damaged roads
- RM450 million for G1-G4 contractors
- RM5.5 billion MARRIS fund for state roads
- Road clean-up: drains, water channels, road shoulders and surroundings
- Federal Govt has approved one temporary Bailey bridge for all state govts, using MARRIS fund, as proactive measure to overcome flooded roads
- RM178 million for lighting on new roads and smart traffic lights on federal roads nationwide
- RM30 million for the benefit of 115 district engineers as frontliners in paving potholed federal roads
- Govt has agreed to install High-Speed Weigh-In-Motion at selected locations to reduce accidents caused by overweight vehicles
- Full story here
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