News about Ministry of Finance

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.

KUALA LUMPUR (Oct 29): Malaysia's household debt climbed further to RM1.

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).

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.

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.

KUALA LUMPUR (Sept 6): Development Financial Institutions (DFIs) have a strategic role in the country's efforts to restore and retain the capacity of businesses to provide various employment opportunities and support Malaysians' livelihoods, according to the Ministry of Finance (MOF).

KUALA LUMPUR (Sept 3): Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said it may not be the right time to reintroduce a consumption tax like the previous goods and services tax (GST) as this could have an impact on the momentum needed to revive Malaysia’s economy amid the Covid-19 pandemic.

KUALA LUMPUR (Aug 31): Budget 2022 will be drafted with the expectation that the economic situation will recover from the effects of Covid-19 next year, said the Ministry of Finance (MoF).

KUALA LUMPUR (July 22): The Ministry of Finance (MoF) today launched the National Supply Chain Finance Platform, dubbed as "JanaNiaga", with an aim to assist small and medium enterprises (SMEs) in maintaining a healthy cash flow while also limiting credit risk to financiers or financial institutions in Malaysia.

KUALA LUMPUR (July 9): The government of Malaysia, its Ministry of Finance Inc (MoF Inc), 1Malaysia Development Bhd (1MDB) and various subsidiaries have filed a US$5.