EPF to remove all i-Sinar facility’s conditions to simplify withdrawal process
KUALA LUMPUR: The Employees Provident Fund (EPF) is working towards removing all conditions for the i-Sinar facility, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. This follows Prime Minister Tan Sri Muhyiddin Yassin’s advice to improve its initiative after taking into consideration public feedback. “The removal of conditions will allow EPF members under the […]
Malaysia’s 2020 GDP growth is better than expected
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth for 2020 is better than expected and the country’s economy has shown various signs of recovery, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Malaysia’s GDP contracted 3.4 per cent in the fourth quarter of 2020 (Q4 2020) amid a significant increase in Covid-19 infections, […]
Foreign inflows into bond mart reflect confidence
KUALA LUMPUR: The accumulated net foreign inflows of RM18.3 billion recorded by Malaysia’s bond market in 2020 reflects yield-hunting activities and, to some extent, represents the confidence of the capital market in the country’s policies and direction over the next few months, said Tengku Datuk Seri Zafrul Abdul Aziz. The Finance Minister said although Bank […]
Customs Dept collects RM38.67 bln revenue in 2020
PUTRAJAYA: The Royal Malaysian Customs Department (Customs) collected a total of RM38.67 billion in revenue in 2020, exceeding the initial projection of RM36.30 billion, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Speaking at the virtually-held 39th World Customs Day celebration today, he said the achievement was proof of the Custom’s excellent stature […]
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 […]
Focus is on Malaysia’s economic recovery, not politics
KUALA LUMPUR: Not a politician and not keen to become one, banker turned Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz is steadfast in remaining a technocrat and ensuring that lives and livelihoods in the country are safeguarded amid the health pandemic. “I am not interested in joining any political party, as you know […]
Government cannot pay salaries of frontliners, civil servants if 2021 Budget not approved
KUALA LUMPUR: The government will not be able to carry out its commitments including paying the salaries of civil servants and assistance for frontliners in the war against Covid-19 if the 2021 Budget is not approved by the Dewan Rakyat. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said however, he was optimistic that […]
Industry players laud focus to expand broadband services
KUALA LUMPUR: Industry players have lauded the government’s emphasis in the 2021 Budget on developing and upgrading of basic telecommunications infrastructure and networks to meet the needs of the digital lifestyle and spur economic growth. In the 2021 Budget announcement yesterday, Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the Malaysian Communications and […]
EPF withdrawal helps ease burden of target groups
KUALA LUMPUR: The targeted Employees’ Provident Fund (EPF) Account 1 withdrawal facility has been described as the best measure to help ease the burden of those affected by Covid-19 with regard to household expenses. Federation of Malaysian Consumers Associations (Fomca) deputy president Mohd Yusof Abdul Rahman said the facility was seen as being able to […]
Govt mulls consolidating direct cash assistance after Budget 2021
KUALA LUMPUR: The government may consider consolidating its direct cash assistance to the rakyat, particularly after Budget 2021, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. He said the government is currently in discussion with relevant stakeholders, including the Social Security Organisation (Socso) on improvement to the wage subsidy programme, as various aspects […]
