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Economic outlook: Corruption and lack of accountability hinder economic progress

Economic outlook: Corruption and lack of accountability hinder economic progress

Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.
Fri Oct 18 2024
Consolidated public sector projected to record lower surplus of RM41.7 bil 2024

Consolidated public sector projected to record lower surplus of RM41.7 bil 2024

The MoF said the consolidated general government revenue is estimated to increase slightly to RM384.7 billion in 2024.
Fri Oct 18 2024
RM15 mln allocated to turn Harimau Malaya into Asian tigers

RM15 mln allocated to turn Harimau Malaya into Asian tigers

Datuk Seri Anwar Ibrahim said RM10 million will be allocated by the govt via MOF, while RM5 million is a commitment from the private sector.
Tue Sep 03 2024
Budget 2025: MITI, MOHE to present proposals on talent development to MOF

Budget 2025: MITI, MOHE to present proposals on talent development to MOF

Tengku Zafrul said both ministries are sharing ideas and collaborating to ensure the nation has a robust AI-ready workforce.
Tue Aug 27 2024
STR Phase 3 payments to begin Aug 29 for 8.5 million recipients

STR Phase 3 payments to begin Aug 29 for 8.5 million recipients

MOF said recipients would receive payments of up to RM650 according to respective categories, with financial implication of RM1.7 billion.
Fri Aug 23 2024
Inflation, economic growth forecasts not affected by targeted subsidy implementation - MoF

Inflation, economic growth forecasts not affected by targeted subsidy implementation - MoF

According to MoF, the official 2024 forecasts for inflation and GDP growth remain at 2.0-3.5 per cent and 4.0-5.0 per cent, respectively.
Wed Jul 31 2024
MOF Evaluation Committee screened shortlisted contractors for Jana Wibawa, says witness

MOF Evaluation Committee screened shortlisted contractors for Jana Wibawa, says witness

Jana Wibawa programme was introduced during the tenure of former Prime Minister Tan Sri Muhyiddin Yassin.
Wed Jul 10 2024
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
Govt remains committed to implementing structural reforms, fiscal strengthening

Govt remains committed to implementing structural reforms, fiscal strengthening

The ministry said this will boost Malaysia's long-term foreign investor appeal, strengthening the ringgit.
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
PM calls for digital procurement review to align with national strategy

PM calls for digital procurement review to align with national strategy

PM Datuk Seri Anwar Ibrahim has instructed the Finance Ministry and the Digital Ministry to postpone and streamline all pending digital-related procurements.
Tue Jun 25 2024
Petrol, diesel prices unchanged until June 26

Petrol, diesel prices unchanged until June 26

MOF said the retail price of diesel in Sabah, Sarawak and Labuan will also remain unchanged at RM2.15 per litre.
Wed Jun 19 2024
No reason for logistics business to raise prices - Amir Hamzah

No reason for logistics business to raise prices - Amir Hamzah

There is no reason for the logistics sector to raise prices that will burden the people following the implementation of the Subsidised Diesel Control System (SKDS) 2.0, said Finance Minister II Datuk
Wed Jun 12 2024
Over 30,000 applicants will receive first BUDI MADANI cash assistance on June 10 - MoF

Over 30,000 applicants will receive first BUDI MADANI cash assistance on June 10 - MoF

MoF says, farmers, small-scale commodity growers have been approved for the financial aid, with first RM200 disbursement set for June 10.
Thu Jun 06 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
Minimum wage to increase to RM1,700 effective Feb 1, 2025

Minimum wage to increase to RM1,700 effective Feb 1, 2025

The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Fri Oct 18 2024