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Inflation to remain manageable this year

KUALA LUMPUR: The inflation rate is expected to remain manageable and is anticipated to range between 2.8 per cent and 3.8 per cent in 2023 following slower economic prospects as well as stable commodity prices. The Malaysia Consumer Price Index (CPI) rose to 3.3 per cent in 2022 from 2.5 per cent in 2021. In […]

Hoping for extension of GITA, GITE incentive applications

KUCHING: It is hoped that the Federal Minister of Finance (MOF) will extend the incentive application for Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) in order to tackle climate change. Deputy Minister for Energy and Environmental Sustainability Dr Hazland Abang Hipni said that the incentives, which were presented in last year’s […]

More rural trading premises in the pipeline

KUCHING: The federal government through the Urban Development Authority (UDA) Holdings will build more trading floors for small hawkers within the rural areas sometime this year. Minister of Entrepreneur Development and Cooperatives Datuk Ewon Benedict said that he wanted to see companies such as UDA Holdings get involved with the development. “UDA Holdings is the […]

Menu Rahmah in IPTs soon

KUALA LUMPUR: The Higher Education Ministry (MoHE) will implement the Menu Rahmah programme in higher learning institutions (IPTs) soon, said Minister Datuk Seri Mohamed Khaled Nordin. He said currently, the ministry is working with the Domestic Trade and Cost of Living Ministry to realise the plan. “Both ministries are currently in talks over the matter, […]

Chong seeks MoF intervention on online fraud

KUCHING: Sarawak DAP chairman Chong Chieng Jen has reached out to the Finance Ministry in his continuing push to help those who had lost money through unauthorised bank transfers and credit card transactions. He submitted a letter containing details on 10 such cases when he paid a courtesy visit to Deputy Finance Minister II Steven […]

Nurul Izzah qualified to be appointed economic, financial advisor

IPOH: Prime Minister Datuk Seri Anwar Ibrahim says the appointment of former Permatang Pauh Member of Parliament (MP) Nurul Izzah Anwar, who is also his daughter, as his senior economic and financial advisor was made based on her qualifications. Anwar said Nurul Izzah had a first degree in engineering and a second one in public […]

Only RM92.5 bln in COVID-19 fund controversy is govt money – MACC

KUALA LUMPUR: Preliminary investigations by the Malaysian Anti-Corruption Commission (MACC) show that alleged irregularities in the management of COVID-19 funds involved allocations estimated at RM530 billion. In a statement today, MACC said of the amount, RM92.5 billion involved government funds whereas RM437.5 billion was not from the government. “MACC has received details from the Ministry of Finance (MOF) […]

PM: RM7 bln approved under flood mitigation project under review

PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim today ordered a review of RM7 billion worth of approvals under the RM15 billion flood mitigation project that were conducted through direct negotiation instead of a tender process. He said the government will not proceed with the allocation as approved, and will do a review to ensure transparency […]

Planned state projects will not be scrapped

KUCHING: The Sarawak government will carry on with all its planned development projects despite the federal government’s austerity measures. This is for the benefit of the wellbeing of the people and the state’s economy, said Datuk Patinggi Tan Sri Abang Johari Tun Openg. A confident Premier said the Sarawak government has already drafted a plan, […]

BKM cash aid totalling RM8.2 bln, largest in country’s history

KUALA LUMPUR: Assistance channelled under the Bantuan Keluarga Malaysia (BKM) is the largest direct cash assistance in the country’s history compared with Bantuan Rakyat 1Malaysia (BR1M) and Bantuan Sara Hidup (BSH), said Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz. Tengku Zafrul in a statement issued today said as announced by Prime Minister Datuk Seri […]