News by Emir Zainul

“The PAC has made the decision to set three days (Dec 4-6) for the proceedings [on the audit report],” said PAC deputy chairman Wong Kah Woh.

Luxury cars with engine capacity of 1,500cc and below will not be eligible to receive the targeted subsidies because the government will also consider the model and type of the cars. – Lim

PAC deputy chairman Wong Kah Woh said the committee will start its reinvestigation on the Auditor-General’s report on 1MDB tomorrow and set the date to start its proceedings with the first witness; former auditor-general Tan Sri Ambrin Buang. 

Today, Rosmah's lawyer Datuk Geethan Ram Vincent told reporters that the defence team will file the application as soon as possible.

MoF highlighted that private consumption will remain the major growth determinant.

The private sector expenditure is expected to remain as the key driver of Malaysia's economic growth, cushioning the effects of lower public sector spending in 2018 and 2019.

“This is our effort to introduce a progressive tax system on the rich to be distributed to the poor, so that we can reduce the immense wealth gap in our country,” Khairy said. 

Speaking to reporters at the parliament lobby today, Khalid said gazetting the plan is somewhat different from the typical process, as it has been planned in the past and is no longer in the form of a draft.

“I received a letter from Mr Tommy Thomas, Attorney-General, on Thursday, Oct 25, who gave his view to the Parliament’s PAC to postpone sine die the 1MDB proceeding,” said PAC chairman Datuk Seri Dr Ronald Kiandee in a press statement.

"If we want to look forward, there must be some closure with 1MDB. If everyone agrees that Jho Low is the critical piece to solve and close the issues surrounding 1MDB, I will help [to find him]. And when I say personal capacity, I will fund [the expenses] myself," he said.