JanaNiaga financing allocation expected to reach RM1.2 bln
KUALA LUMPUR: The allocation for the National Supply Chain Finance Platform, JanaNiaga, is expected to reach RM1.2 billion, with the additional allocation from financial institutions which will participate in phases. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said to ensure the financing assistance could be extended to the SMEs immediately, an allocation of RM300 […]
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 […]
Review of Tabung Haji’s operating model to improve governance, integrity
BANGI: The review of Lembaga Tabung Haji’s (TH) operating model aims to ensure that issues of governance, integrity and reputation are improved in the future, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said. He said the revision of the Tabung Haji Act 1995 (Act 535) is to ensure the sustainability and viability of […]
NRP will guide Malaysia to exit the pandemic crisis
KUALA LUMPUR: The government is confident that the strategies laid out in the National Recovery Plan (NRP) will help to guide the country’s exit from the Covid-19 crisis. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said for now, there is no one perfect solution that can enable Malaysia to exit the stressful and […]
NRP implementation at the state level fairer
KUALA LUMPUR: Implementing the National Recovery Plan (NRP) in phases at the state level is fairer as it allows for an earlier transition for states that have managed to reduce the number of cases significantly as well as achieve the thresholds outlined. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the NRP, implemented […]
Malaysia to revise 2021 GDP growth forecast downwards
PUTRAJAYA: Malaysia’s Gross Domestic Product (GDP) forecast for 2021 will be revised downwards, taking into account the impact of the full movement control order, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. “The new forecast is expected to be announced in mid-August, together with a widened deficit figure,” he told a news conference here […]
Banks to waive compounded interest, penalty charges over moratorium
PUTRAJAYA: Banks will waive the compounded interest and penalty charges incurred during the six-month loan moratorium under the National People’s Well-Being and Economic Recovery Package (Pemulih), said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the government had raised the matter with the banks during their meeting recently and they had agreed to […]
Right time to reintroduce initiatives to help the people
KUALA LUMPUR: The government will reintroduce the initiatives that have been implemented previously to assist the people in line with the implementation of the National Recovery Plan (NRP), said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the government has not stopped to continually help the people and is always striving to think […]
BPR appeal period starts June 15
KUALA LUMPUR: Individuals whose Bantuan Prihatin Rakyat (BPR) applications had been rejected can submit their appeal starting June 15 (Tuesday) until June 30, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Tengku Zafrul said applicants can submit an appeal with relevant documents to the Inland Revenue Board of Malaysia (IRBM). “This appeal process is […]
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 […]
