PAC report: Only RM1.5b GST refunds overdue, not RM19.4b claimed by Finance Minister

Jul 15

KUALA LUMPUR (July 15): Only RM1.

Guan Eng: EPF, Khazanah oppose PLUS acquisition by Maju

Jul 11

KUALA LUMPUR (July 11): The Ministry of Finance (MoF) has made a preliminary decision to oppose the takeover of highway operator PLUS Malaysia Bhd by Maju Holdings Sdn Bhd after considering the views from PLUS' major shareholders Khazanah Nasional Bhd and the Employees Provident Fund (EPF).

Equanimity sale proceeds kept in bank pending court decision on maintenance costs

Jul 11

KUALA LUMPUR (July 11): The proceeds from the sale of 1Malaysia Development Bhd (1MDB)-linked super yacht, Equanimity, are currently stored in a bank account managed by a local law firm for three months.

Sarawak slams Guan Eng over 'misleading' statement that the state will go bust

Jun 24

KUALA LUMPUR (June 24): Sarawak's Ministry of Finance and Economic Planning yesterday lambasted Federal Finance Minister Lim Guan Eng for making what it described as a "totally misleading" claim that the state would go bust in three years if it continues to be ruled by Gabungan Parti Sarawak (GPS).

Guan Eng calls for probe into high cement prices in Sarawak

Jun 24

KUALA LUMPUR (June 23): Finance Minister Lim Guan Eng today calls for investigations into possible monopolistic practices among cement players in Sarawak, saying that prices of the building material in the state are markedly higher than in Peninsular Malaysia.

Govt not aware of proposals to build new airport in Seberang Prai, says MoF

Jun 10

KUALA LUMPUR (June 10): The federal and state governments are not aware of any proposals from the private sector to build a new airport in Penang, said Finance Minister Lim Guan Eng in a press statement released today.

Govt’s 2018 debt, liabilities down y-o-y in proportion to GDP

Jun 03

KUALA LUMPUR (June 3): Notwithstanding a rise in direct government debt, Malaysia’s overall debt and liabilities in 2018 dropped 3.

Guan Eng: Entry to US currency watchlist highlights Malaysia’s economic strength

May 30

KUALA LUMPUR (May 30): The inclusion of Malaysia in the US Department of Treasury’s watchlist actually highlights the strength of the nation’s economy, as the list includes other major trading economies as well, said Finance Minister Lim Guan Eng “While the US Treasury has included Malaysia into its expanded Monitoring List of Potential Currency Manipulator, the report does not name Malaysia as a currency manipulator.