Finance Ministry denounces false claim of RM600 STR addition
The Finance Ministry has refuted the widespread misinformation regarding an alleged additional RM600 supplement for the Rahmah Cash Aid (STR), asserting that the claim is entirely false. In a statement, the ministry cautioned the public to be vigilant and not to be easily deceived by such news circulating on Telegram. They advised individuals to refrain […]
RON97 drops 5 sen, RON95, diesel unchanged
KUALA LUMPUR: The retail price of RON97 petrol will drop five sen per litre while those for diesel and RON95 will remain unchanged for the week from Sept 29 to Oct 5. The Finance Ministry, in a statement today, said the price of RON97 will drop from RM4.05 to RM4 per litre. To protect consumers […]
Special grant discussion a welcome move
KUCHING: Sarawak has welcomed the announcement that the Finance Ministry will soon hold a discussion with the Sarawak government to review the allocation of the special grant under Article 112D of the Federal Constitution. Tourism, Creative Industry and Performing Arts Minister Datuk Seri Abdul Karim Rahman Hamzah said this was indeed good news especially for […]
Putrajaya to discuss special grant review with Sarawak
KUCHING: The Finance Ministry will soon hold a discussion with the Sarawak government to review the allocation of the special grant under Article 112D of the Federal Constitution (FC). The Sarawak Public Communication Unit (UKAS) reported on Thursday (March 10) that Minister in the Prime Minister’s Department (Sabah and Sarawak Affairs) Datuk Seri Panglima Dr […]
Senator: Policy not in line with ‘Malaysian Family’ concept
KUCHING: The Finance Ministry’s policy of forcing owners of freight forwarding companies to have 51 per cent Bumiputera ownership is not the way to help the Bumiputera, especially the natives of Sarawak and Sabah, and the Orang Asli. Senator Robert Lau mentioned that this was an arbitrary act and a quick fix would not tackle […]
Finance Ministry tables proposed amendment for Temporary Measures Bill
KUALA LUMPUR: The Finance Ministry (MOF) has tabled the Temporary Measures for Government Financing [Coronavirus Disease 2019 (Covid-19)] (Amendment) Act 2021 for the first reading in the Dewan Rakyat today. Tabled by Deputy Finance Minister Mohd Shahar Abdullah, the Bill aims to increase the Federal government’s statutory debt limit from 60 per cent to 65 […]
Govt to provide fuel, cooking oil subsidies of up to RM8 bln this year
KUALA LUMPUR: The government is expected to cover fuel and cooking oil subsidies up to RM8.0 billion, which is RM4.22 billion higher than the RM3.78 billion allocated for this year. The government has spent RM6.32 billion on fuel and cooking oil subsidies in 2019 and RM2.16 billion for 2020. Finance Minister Tengku Datuk Seri Zafrul […]
Govt to channel RM260 mln special assistance to all state govts under Pemerkasa
KUALA LUMPUR: The Finance Ministry today announced that the government has agreed to directly channel special assistance amounting to RM260 million to all state governments. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the aid would be distributed equally, namely RM20 million to each state for the immediate implementation of small projects to revive […]
Finance Ministry to expedite BPN 2.0 payments starting Jan 21
KUALA LUMPUR: The Finance Ministry will expedite the Bantuan Prihatin Nasional Phase 2 (BPN 2.0) payments totalling RM2.38 billion to the 11.06 million eligible recipients, who comprise 10.6 million BPN recipients and about 460,000 new recipients. Its minister, Tengku Datuk Seri Zafrul Abdul Aziz, said payments to the B40 and M40 groups would be credited […]
RM1.264 billion GST refund paid out to 4,316 companies
KUANTAN: The Finance Ministry through the Royal Malaysian Customs Department (JKDM) has paid out RM1.264 billion in Goods and Services Tax (GST) refund to 4,316 companies from June 22 until July 2. JKDM director-general Datuk Abdul Latif Abdul Kadir said the payment was made to companies which had fulfilled the conditions required for claim filing […]
