Govt to introduce new national investment policy
KUALA LUMPUR: The government will introduce a new national investment policy to attract more high-quality investors as the country moves towards a high-income nation, Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said. He said a working paper on the proposed policy has been approved and endorsed by the Economic […]
Worst is behind us, Malaysia will emerge stronger by year-end
KUALA LUMPUR: The systematic roll-out of the National Covid-19 Immunisation Programme and the country’s economic recovery plan that embeds strict adherence to standard operating procedures (SOPs) will be the key to drive Malaysia back on its track, making it stronger by end-2021, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said. He said based on […]
Dong Zong calls for fixed annual funding
KUCHING: The Sarawak United Association of Private School Management Board (Sarawak Dong Zong) wants the federal government to continue allocating fixed annual funds to the 60 Chinese independent secondary schools nationwide. Its chairman Temenggong Datuk Vincent Lau Lee Ming said during the previous government through the Ministry of Finance (MoF), they have continued to provide […]
Greater O&G revenues
Sarawak, Petronas sign commercial settlement KUCHING: The Sarawak government and Petroliam Nasional Berhad (Petronas) have concluded their negotiations, facilitated by the Ministry of Finance (MOF), on a commercial settlement after having resolved their differences over the imposition of State Sales Tax (SST) on petroleum products as well as oil and gas matters. A commercial settlement […]
Federal govt channels RM152.5 mln under Longhouse Loan Scheme in Sarawak
KUALA LUMPUR: The federal government has allocated RM152.5 million to the Sarawak government for the Longhouse Loan Scheme and a total of 8,915 longhouse units have so far been built and repaired, said Deputy Finance Minister II Mohd Shahar Abdullah. For 2020, the Ministry of Finance (MOF) has channelled an allocation of RM10 million to […]
State has applied for digital banking licence
KUCHING: Sarawak has applied for a digital banking licence and is awaiting approval from the Ministry of Finance (MOF) and Bank Negara Malaysia (BNM), revealed Chief Minister Datuk Patinggi Abang Johari Tun Openg. Pointing out that the move was in tandem with the state digital economy initiative, he added, “This is looking at the fact […]
Committee to study reinstatement of GST
KUALA LUMPUR: The Ministry of Finance (MOF) has set up a committee to study various revenue enhancing measures, including the possibility of reintroducing the Goods and Services Tax (GST), according to Maybank Investment Bank (Maybank IB) Research. In a note released today following a dialogue with Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz last […]
Open more bank branches, ATMs
BELADIN: The federal government through the Ministry of Finance is urged to open more bank branches as well as automated teller machines (ATMs) in the rural districts. According to Kota Samarahan MP Rubiah Wang, the need for facilities such as bank branches and ATMs, especially in rural areas, is very important following the recent Covid-19 […]
MoF urged to up aid criterion
BY TANIA LAM & VOON YIH BOON KUCHING: The Ministry of Finance (MoF) should use RM1,200 as the poverty line income (PLI) eligibility criterion for the one-off RM300 Financial Aid for Single Mothers (BKIT) scheme under the National Economic Recovery Plan (Penjana). Welfare, Community Wellbeing, Women, Family and Childhood Development Minister Datuk Seri Fatimah Abdullah […]
Lim playing dumb
KUCHING: Former finance minister Lim Guan Eng appears to be playing dumb as he continues to ward off revelation of direct negotiation deals made under the Pakatan Harapan (PH) administration. Prime Minister’s Special Envoy to People’s Republic of China, Datuk Seri Tiong King Sing said the controversy surrounding the direct negotiation deals disclosed by the […]
