KUALA LUMPUR (Sept 24): Finance Minister Lim Guan Eng has urged developers to lower prices of homes as construction materials and services are exempted from the Sales and Service Tax (SST), or the government will review the waiver.
KUALA LUMPUR (Sept 24): To ease the burden of developers and bring down home prices, skilled foreign labour applying to extend their employment tenure need only pay 80% of the annual RM10,000 levy on foreign workers, said Finance Minister Lim Guan Eng today.
PETALING JAYA (Sept 24): The government will continue to compensate highway concessionaires for not raising their toll fares as it seeks to fulfill its election promise of abolishing tolls, said special officer to the Finance Minister Tony Pua.
KUALA LUMPUR (Sept 19): Malaysia needs an economic road-map to chart a path from global kleptocracy to sustainable growth, said Finance Minister Lim Guan Eng.
KUALA LUMPUR (Sept 12): The government expects to disclose the mechanism on the implementation of a targeted petroleum subsidy system by early next year, Deputy Finance Minister Datuk Amiruddin Hamzah said today.
KUALA LUMPUR (Sept 12): Seventy-five per cent of shops and restaurants are not subject to the new tax system that replaced the goods and services tax (GST), following the increase of annual turnover threshold for the sales and services tax (SST) to RM1.
KUALA LUMPUR (Aug 28): The Ministry of Finance (MoF) under the previous administration had abused the procurement policy and system that led to the failure of enforcement by government agencies and a lack of disciplinary action against non-compliance, according to the Centre to Combat Corruption and Cronyism (C4).
KUALA LUMPUR (Aug 28): The government is likely to cease the award of big infrastructure projects to project delivery partners (PDPs) after incidences of cost overruns that affected the government's budget, said special officer to the Finance Ministry Tony Pua.
KUALA LUMPUR (Aug 15): Finance Minister Lim Guan Eng today filed a motion for the Auditor General (AG) and Public Accounts Committee (PAC) to reopen a detailed investigation on the 1Malaysia Development Bhd (1MDB) scandal in Dewan Rakyat.