News about Finance Minister

‘Govt can ease business cost while maintaining tax rate’

Jul 23

KUALA LUMPUR (July 23): Putrajaya may not have any leeway to cut the corporate tax rate in the short to medium term, but economists say there are other approaches it can consider to ease the cost of doing business.

PM: Big-ticket items that 'generate wealth' should be SST-exempted

Jul 21

KUALA LUMPUR (July 21): Prime Minister Tun Dr Mahathir Mohamad (pictured) is of the opinion that big-ticket items that can “generate wealth” for the country should be exempted from the impending sales and services tax (SST).

Sustainable policies and prosperity for Malaysia

Jul 20

PETALING JAYA (July 20): The Pakatan Harapan administration is focusing on fostering a business-friendly economy, one that cares for the welfare of the people, said Finance Minister Lim Guan Eng today.

Developers should check with Putrajaya before building high-end properties, says Finance Minister II

Dec 29

PETALING JAYA (Dec 29): Finance Minister II Datuk Seri Johari Abdul Ghani has told property developers to check with the Urban Wellbeing, Housing and Local Government before embarking on high-end property projects to avoid contributing to oversupply of this type of property.

RM57b worth of housing loans approved for first-time homebuyers till September

Dec 07

KUALA LUMPUR (Dec 7): Home loans worth RM57 billion were approved by banking institutions to 142,558 first-time homebuyers from January until September this year.

Developers can still build offices, malls with 'justification' — Johari

Dec 05

KUALA LUMPUR (Dec 5): Despite an announced freeze of approvals for shopping complexes, offices and condominiums priced above RM1 million, developers can still build offices and shopping malls, provided they justify their projects to the relevant minister, according to second finance minister Datuk Johari Abdul Ghani.

Johari to meet PM over property freeze

Nov 29

KUALA LUMPUR (Nov 29): A week after highlighting the government will not make a U-turn on its blanket ban on luxury property developments with units above RM1 million, Second Finance Minister Datuk Seri Johari Abdul Ghani says he will ask the prime minister to allow such projects in major cities.

More affordable resale HDBs for first-time applicants

Feb 20

SINGAPORE (Feb 20): Finance Minister Heng Swee Keat announced, with immediate effect, in his Budget statement today that the CPF housing grant has been raised to S$50,000 (RM157,144) for first-timer couples buying four-room or smaller HDB flats from the resale market.