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Govt hikes windfall tax on crude oil to ₹2,300 per ton

The government hiked the windfall tax on petroleum crude oil to ₹2,300 ($27.63) a ton from ₹1,300, it said.

State revenue expected to decline

THE 2024 State revenue is expected to decline due to uncertain geopolitical and economic climate, impacting the price of Petroleum Crude Oil (CO) and Crude Palm Oil (CPO) commodities in the global market, said Finance Minister Datuk Seri Masidi Manjun.

RM5 7b for continued growth

Kota Kinabalu: State Finance Minister Datuk Seri Masidi Manjun unveiled a 2024 State Budget amounting to RM5.737 billion at the State Legislative Assembly, Friday.

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