Malaysian retailers urge MOF to waive or defer SST on commercial rentals
"Defer the SST on rentals until after Visit Malaysia Year 2026 to preserve industry stability and support tourism-linked growth.
Cyberview strengthens position, now fully controls largest landbank within Cyberjaya City Centre
“This initiative will not only accelerate Cyberjaya’s transformation into a world-class tech and innovation ecosystem but also solidify Malaysia’s position as a key player in the global digital economy.
Govt expands logistics sector business-to-business service tax exemption
“This is to reduce incidents of double taxing or cascading effect from the tax-on-tax imposition on several layers of the logistics supply chain.
LRT3 on track to be completed by March 2025, says RHB Research
As of end 3Q2023, line-wide progress of the LRT3 construction stood at 86.
MOF moots lower electricity subsidies for high-income households in 2H2023, says new Treasury sec-gen
Johan said the government is also working on ways to reduce subsidies for diesel that has seen huge leakages.
MoF to raise up to RM50b to fund MRT3
KUALA LUMPUR (March 16): The Ministry of Finance (MoF) has committed up to RM50 billion in financing for the Mass Rapid Transit 3 (MRT3) Circle Line project, whose initial estimated construction cost is RM31 billion plus land acquisition of RM8 billion.
Economic Report 2021/2022: Household debt swells to RM1.34 trillion, 89.6% of GDP
KUALA LUMPUR (Oct 29): Malaysia's household debt climbed further to RM1.
KPMG says settlement with Malaysian govt over 1MDB audit will enable all involved to move forward
KUALA LUMPUR (Sept 17): KPMG PLT confirmed that a settlement has been reached in the claim filed by the Malaysian government against a number of its current and former partners in Malaysia over the statutory audits of the financial statements of 1Malaysia Development Bhd (1MDB).
KPMG to pay RM333m to Malaysian govt for 1MDB settlement — MoF
KUALA LUMPUR (Sept 16): KPMG Malaysia has agreed to pay a settlement of US$80 million (valued at RM333 million) to resolve all claims related to its fiduciary duties in auditing the accounts of 1Malaysia Development Bhd (1MDB) for the period of 2010 to 2012, the Ministry of Finance (MoF) announced today.
MoF instructs banks to work on interest payment exemption for recipients of loan moratorium
KUALA LUMPUR (Sept 14): The Ministry of Finance (MoF) has instructed banking institutions to work on the exemption from interest payments for recipients of the bank loan moratorium immediately.
