Malaysia Budget 2027 live updates (auto/transport)
Malaysia’sBudget 2027is set to be tabled today (October 9) at 3.30pm by finance minister and prime minister Datuk Seri Anwar Ibrahim. Keep refreshing this page for automotive/transport-related developments.Total allocation for subsidies, assistance and incentives exceed RM80 billionIncluding fuel subsidies, which are expected to stay high at RM40 billionGov’t and Grab to jointly fund a RM160 million package for e-hailing and p-hailing workers(full story here)Increase in minimum earnings rates for e-hailing and p-hailing workers, assistance with vehicle maintenance and insurance costs, as well as SOCSO contributionsThis is estimated to raise e-hailing drivers’ median net incomes by up to RM227 per month and those for p-hailing delivery workers by up to RM100 per month35% SOCSO matching contribution incentive for e-hailing and p-hailing workers, increased to 50% if the platform companies also bear the cost of contributions for the workersEPF matching contribution incentive of up to RM600 per year, or RM6,000 over a lifetimeP-hailing sector to be regulated under APAD and LPKPJohor Bahru congestion leading up to RTS LinkElevated Autonomous Rapid Transit (E-ART) to be implementedStage bus routes and frequencies to be expandedKTM Komuter frequency to be increasedGrab Shuttle services will be provided in key areasAutomotive Hi-Tech Valley, Tanjong MalimTo encourage wholly locally-owned automotive vendor companies to relocate their operations there, a tax deduction will be granted on eligible relocation costs of up to RM5 million for expenses incurred between January 1, 2027 and December 31, 2030Malaysia Vision Valley 2.0, Negeri SembilanNew road from KLIA to Bandar EnstekUpgrade Pajam-Nilai-Salak roadImplementation of Klang Valley Double Tracking 2 project (KVDT2)RM3.3 billion for Sabah and Sarawak roadsLetter of acceptance (LOA) for Trans-Borneo Highway’s Miri section already issuedLOA for Limbang and Lawas sections expected year-endSarawak-Sabah Link Road 1 and Pan Borneo Sabah Phase 1B targeted to complete end-2027RM350 million in federal road maintenance expenditure earmarked for G1–G4 contractors in Sabah and Sarawak22-km covered walkway connecting National Mosque, Merdeka Square and Central MarketCovered walkways also connecting residential areas with business premises, schools, clinics and public transport stationsBuggies for visitors, especially the elderly, at popular attractions such as the National Monument, Botanical Gardens and Carcosa Seri NegaraMy50 to continue for the benefit of 300,000 Prasarana bus and rail users in the Klang ValleyMyKomuter50 introduced to benefit 40,000 KTM Komuter users – savings up to RM160 per month on averageFree passes for 360,000 schoolchildren, OKU (persons with disabilities) and children under the age of sixPrasarana to invest over RM3.4 billion to rehabilitate rail services42 new trainsets for ETS and KTM KomuterECRL Phase 1 (Kota Bharu-Gombak Integrated Terminal) expected to begin operations DecemberLine will be extended to Rantau PanjangRoad Transport Act to be amended to require drivers under influence of alcohol or drugs to pay compensation to victimsMandatory telematics for commercial vehiclesMonitor speed, location and risky driving patterns, including integration with alcohol detection devices before start of journeyVoluntary implementation will be in place until 2027, while the government develops a driver database for enforcement purposesUp to 100% investment tax allowance for green technology and sustainability projectsIncluding EV charging stationsOne-off RM1,000 financial aid for 38,000 taxi and hire-car drivers, and 15,000 school bus drivers(full story here)Following recent sale of special ‘H’ number plate seriesAdd paultan.org as a preferred source on Google SearchAddFollow paultan.org on Google NewsFollow
