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 […]
RM6 mln to address slope problems in Sarawak
KUCHING: A sum of RM6.1 million has been set aside for slope maintenance work in Sarawak. Senior Works Minister Datuk Seri Fadillah Yusof said the allocation was made available to the state from a nationwide allocation of RM200 million. He said RM160 million was allocated for Semenanjung for the same purpose, RM29.5 million for Sabah […]
ATM machine installation subject to banking industry’s prerogative
KUALA LUMPUR: The installation of Automated Teller Machines (ATM) in urban or rural areas is subject to the banking industry’s consideration, said Deputy Finance Minister II Yamani Hafez Musa. He said this is because the installation needs to take into account various factors, including ATM maintenance costs and the utilisation rate to justify the installation […]
Raising Covid-19 fund ceiling, statutory debt limit to help people, businesses
KUALA LUMPUR: The government’s proposal to raise the ceiling cap for the Covid-19 Fund and the statutory debt limit is aimed at supporting the people and businesses during the reopening of the economy. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the proposal will be implemented immediately after being approved by the Parliament. […]
Allow businesses within states to reopen but keep borders closed
KUALA LUMPUR: The Malaysian Employers Federation (MEF) has asked the government to allow businesses within the states to resume operations with strict compliance to the standard operating procedures (SOPs) while the movement control order (MCO) restrictions on interstate travel remain enforced. President Datuk Dr Syed Hussain Syed Husman urged the authorities to open up all […]
Malaysia’s 2021 fiscal deficit to hover between 6.7-7 pct of GDP
KUALA LUMPUR: Malaysia’s fiscal deficit is expected to go up to between 6.5 and seven per cent of its gross domestic product (GDP) this year from the six per cent targeted earlier, after factoring in the recent stimulus packages announced by the government. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government is […]
Shopee offers 60,000 MSMEs benefits up to RM3,000 each via onboarding programme
KUALA LUMPUR: Shopee Malaysia is offering 60,000 local micro, small and medium enterprises (MSMEs) benefits of up to RM3,000 each via its Go-eCommerce Onboarding programme. In a statement today, the e-commerce platform said the initiative aims to encourage the adoption of e-commerce as a trade channel among local MSMEs and Malaysian citizens who wish to […]
Micro SMEs to get additional RM500 aid under GKP 3.0 from today
KUALA LUMPUR: The additional RM500 aid under the Prihatin Special Grant 3.0 (GKP 3.0) announced via Pemerkasa Plus package will be paid from today to small and medium enterprises (SMEs) and micro enterprises in phases, said the Ministry of Finance (MOF). In a statement today, its Minister, Tengku Datuk Seri Zafrul Abdul Aziz said this […]
RON97 up 2 sen per litre, RON95 and diesel unchanged
KUALA LUMPUR: The retail price of RON97 petrol will increase by 2 sen per litre from RM2.65 per litre to RM2.67 per litre while the prices of RON95 petrol and diesel remain unchanged at RM2.05 and RM2.15 per litre respectively from tomorrow until June 23. The Ministry of Finance in a statement today said the […]
MOF undertaking study to widen revenue base including reinstating GST
KUALA LUMPUR: The Ministry of Finance (MOF) is currently undertaking a study on how to widen Malaysia’s revenue base which include reinstating goods and services tax as well as reviewing the tax incentive packages to further consolidate them and make it more targeted and strategic. Deputy secretary-general Zakiah Jaafar said the ministry was about to […]
