News about Guan Eng

KUALA LUMPUR (Nov 13): Finance Minister Lim Guan Eng said today luxury car owners will not receive petrol subsidies from the government as announced under Budget 2019 even though their vehicle engines have capacities of 1,500cc and below.

KUALA LUMPUR (Nov 12):  Finance Minister Lim Guan Eng today explained that the new homesownership platform initiative provides Malaysians with another option towards owning a home.

JOHOR BAHRU (Nov 12): Finance Minister Lim Guan Eng (pictured) has reassured that despite the change of government in Putrajaya, many development projects in Johor such as the Johor Bahru-Singapore Rapid Transit System (RTS) Link, would be carried out, reported The Star today.

Today, my friend Datuk Kadir Jasin posted on his blog on the possibility that there might have been a leak of the contents of the recent Budget given the launch of FundMyHome just two days after the presentation of Budget 2019 in Parliament.

KUALA LUMPUR (Nov 5): Three years ago, when former prime minister Datuk Seri Najib Razak, who was also the finance minister, unveiled Budget 2016, many labelled it the “Robin Hood” budget — a reference to a fictional character who took from the rich to give to the poor — simply because the personal income tax rate of those in the higher income bracket was raised.

SEMENYIH (Nov 4): The government welcomes innovative concepts such as the FundMyHome scheme which provide an innovative approach to address the housing unaffordability issue in the country by enabling more homebuyers to own their first homes.

PETALING JAYA (Nov 2): The Real Estate and Housing Developers’ Association Malaysia (Rehda) President Datuk  Soam Heng Choon (pictured) has lauded the government’s initiative in introducing a new technology-based mechanism –property crowdfunding, to encourage homeownership.

PETALING JAYA (Nov 2): While the Real Property Gains Tax (RPGT) rate will be increased after the fifth year, industry experts believe it will not adversely impact the property market as the quantum of increase is rather minimal.

  PETALING JAYA (Nov 2): The government will allow the setting-up of property crowdfunding  platforms which will serve as an alternative source of financing for first time homebuyers, said Finance Minister Lim Guan Eng today.

PETALING JAYA (Nov 2): Bank Negara Malaysia will be establishing a RM1 billion Fund for Affordable Homes (the Fund) to help homebuyers from the lower income group nationwide to finance the purchase of their first homes.