Govt to ensure Petronas return to profitability
KUALA TERENGGANU: The government is committed to ensuring that Petroliam Nasional Bhd (Petronas) is able to return to profitability, but it depends on world oil prices. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the loss announced by Petronas two days ago were due to the fall in oil prices but for now […]
Finance Minister launches portal for Budget 2021 public input
KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz launched a portal to obtain public input for Budget 2021 during an official visit to Johor today, in conjunction with the Budget 2021 Consultation Roadshow. In a statement, the ministry said the public could submit their suggestions and feedback through the website http://belanjawan2021.treasury.gov.my, beginning […]
Govt to receive $2.5 bln from Goldman Sachs in 2 months
SHAH ALAM: Goldman Sachs Group Inc will hand over a cash payment of $2.5 billion to the Malaysian government to resolve outstanding claims related to 1Malaysia Development Bhd (1MDB) in the next two months. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the cash payment is part of a total settlement of $3.9 […]
GDP expected to grow 6.3 -7.5 pct next year
KUALA LUMPUR: International agencies have forecasted that Malaysia’s gross domestic product (GDP) in 2021 will be in the range of 6.3 per cent to 7.5 per cent, says Tengku Datuk Seri Zafrul Abdul Aziz. The Finance Minister said the projections are subject to Malaysia’s continued success in managing Covid-19, as well as in steering and […]
Budget 2021 to focus on four broad themes
KUALA LUMPUR: Budget 2021 to be unveiled on Nov 6, will be framed across 4 broad themes — caring for the people, steering the economy, sustainable living and enhancing public service delivery, according to Finance Minister Tengku Datuk Seri Zafrul Aziz. “First on caring for the people, the first goals of the Prihatin Rakyat […]
Covid-19 law to be similar to NZ, Singapore
KUALA LUMPUR: The Covid-19 Bill, which the government plans to introduce soon, will be similar to what has been implemented and announced in countries like New Zealand and Singapore, says Finance Minister Tengku Datuk Seri Zafrul Aziz. “This new law will be discussed in Cabinet and be brought to Parliament soon. “It is an interim […]
Targeted moratorium extension up to banks
KUALA LUMPUR: It is up to the banks if they wish to extend the loan moratorium in a targeted way, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He expressed the view that banks should look into targeted assistance but they cannot be forced to do so as it within their jurisdiction. “(There are) […]
New normal may be permanent norm
KUALA LUMPUR: Consumer behaviour has possibly changed due to the Covid-19 pandemic, making the new norm permanent — something retailers need to prepare for to help the economy recover. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said his ministry has seen online sales of fast-moving consumer goods growing by 40 per cent due to the pandemic. The […]
BPN phase 2 expected to complete by this weekend
KUALA LUMPUR: The Ministry of Finance (MOF) has targeted to complete all payments for Bantuan Prihatin Nasional (BPN) Phase 2 latest by this weekend. Its Minister, Tengku Datuk Seri Zafrul Abdul Aziz, said the second phase payment had started and involved 5.79 million recipients worth RM2.63 billion. “Out of the total 8.3 million recipients approved, the payment achievement […]
Finance Minister briefs Agong on finance, economic situation
KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz was granted an audience with the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah to brief and update him on matters related to the nation’s finances and economy. “I was granted an audience to meet with His Majesty, the Yang di-Pertuan Agong on Monday 4th […]
