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Collection of consumption-based tax lower after SST reimposition - MoF

Collection of consumption-based tax lower after SST reimposition - MoF

The Ministry of Finance states that the average annual SST collection was 51.6% lower than GST due to the smaller scope of the SST.
Wed Jul 10 2024
3.61 million EPF members transferred a total of RM11.52 bln to their Flexible Accounts as of June 24 - MoF

3.61 million EPF members transferred a total of RM11.52 bln to their Flexible Accounts as of June 24 - MoF

According to the Ministry of Finance, a total of RM5.12 billion has been transferred to the Retirement Account.
Wed Jul 10 2024
Applications for refunds under SKDS 2.0 open on July 1 - MOF

Applications for refunds under SKDS 2.0 open on July 1 - MOF

The government will begin accepting applications for refunds from recipients of the Subsidised Diesel Control System (SKDS) 2.0 on July 1.
Fri Jun 28 2024
Ministry of Finance has no records of approval letters signed by Najib on 1MDB takeover of Tanjong Energy and Genting Sanyen

Ministry of Finance has no records of approval letters signed by Najib on 1MDB takeover of Tanjong Energy and Genting Sanyen

In the MACC investigation, the Ministry of Finance confirmed that it does not have records of both letters.
Fri Apr 26 2024
Spanco chairman charged with cheating

Spanco chairman charged with cheating

Tan Sri Robert Tan Hua Choon was charged with cheating the Ministry of Finance in awarding a contract worth RM3.9 billion to his company.
Wed Apr 03 2024
Petrol, diesel prices remain unchanged until Feb 21

Petrol, diesel prices remain unchanged until Feb 21

The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged from tomorrow (Feb 15) until Feb 21.
Wed Feb 14 2024
MOF to resolve issue of rejected eMADANI applications

MOF to resolve issue of rejected eMADANI applications

The Ministry of Finance (MOF) will resolve the issue of rejected eMADANI e-wallet credit applications.
Fri Dec 15 2023
Govt to study proposal for phased expansion of social protection coverage - PM

Govt to study proposal for phased expansion of social protection coverage - PM

EPF through the Ministry of Finance Malaysia has brought forth the proposal for Cabinet approval, said Datuk Seri Anwar Ibrahim.
Wed Nov 22 2023
'I had impression Najib knew about 1MDB-linked transactions' - Ex-banker

'I had impression Najib knew about 1MDB-linked transactions' - Ex-banker

Najib was the chairman of the Board of Advisors of 1MDB and furthermore 1MDB was wholly owned by the Ministry of Finance, Kevin said.
Wed Mar 01 2023
Mindef has submitted report on procurement of 36 light combat aircraft to MOF - Hishammuddin

Mindef has submitted report on procurement of 36 light combat aircraft to MOF - Hishammuddin

Mindef has submitted a report on the procurement of 36 LCA for the RMAF to the Ministry of Finance for further action.
Thu Oct 27 2022
Inflation rate forecast between 2.8 and 3.3 pct in 2023

Inflation rate forecast between 2.8 and 3.3 pct in 2023

The inflation rate is forecast at between 2.8 and 3.3 pct in 2023, the Ministry of Finance (MoF) said in its Economic Outlook 2023 report released today.
Fri Oct 07 2022
Budget 2023 allocates RM372.3 bln to continue substantial support for economy - MoF

Budget 2023 allocates RM372.3 bln to continue substantial support for economy - MoF

The top three recipients of Budget 2023 are the Ministry of Finance, Ministry of Education and Ministry of Health.
Fri Oct 07 2022
Budget 2023: MOH proposes six new initiatives

Budget 2023: MOH proposes six new initiatives

The MOH has submitted an application for six new initiatives totalling RM3.4 billion to the Ministry of Finance to be included in Budget 2023.
Thu Sep 22 2022
Works Ministry, MOF to resolve issue of Malay contractors being forced to wind up

Works Ministry, MOF to resolve issue of Malay contractors being forced to wind up

The Works Ministry and the Ministry of Finance are in talks to look for solutions for the nearly 50,000 Malay contractors who have had to wind up after failing to renew their licences.
Fri Jul 01 2022
K-KOMM to scrutinise Umno Youths memorandum on 5G project implementation - Annuar

K-KOMM to scrutinise Umno Youths memorandum on 5G project implementation - Annuar

Annuar said at present, DNB is a government's wholly-owned company placed under the purview of the Ministry of Finance.
Wed Jun 22 2022
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024