News about Ministry of Finance

KUALA LUMPUR (July 5): The East Coast Rail Link (ECRL) project and two projects under the finance ministry (MoF) unit Suria Strategic Energy Resources Sdn Bhd (SSER), namely the Multi-Product Pipeline (MPP) and the Trans-Sabah Gas Pipeline (TSGP) projects, have been instructed to suspend all works with immediate effect.

PETALING JAYA (July 4): China Communications Construction Company (CCCC) has “no choice” but to follow the suspension order issued by Malaysia Rail Link Sdn Bhd over the controversial East Coast Rail Link (ECRL) project, it said in a statement today.

KUALA LUMPUR (June 28): TRX City Sdn Bhd (TRXC) CEO Datuk Azmar Talib said he was unaware that funds of RM3 billion transferred to 1Malaysia Development Bhd (1MDB) between mid-2012 and early 2017 were to be diverted from their intended use.

KUALA LUMPUR (June 5): Bank Negara Malaysia (BNM) declined to comment on strong market talk that governor Tan Sri Muhammad Ibrahim (pictured) has submitted his resignation.

PUTRAJAYA (June 5): The Housing and Local Government Ministry (KPKT) will discuss with the Ministry of Finance (MoF) and Bank Negara Malaysia (BNM) on relaxing current lending guidelines to enable more homebuyers from the B40 and M40 groups to secure housing loan.

PUTRAJAYA (May 30): The government is scrapping the third mass rapid transit line (MRT3) project, which is estimated to cost up to RM40 billion to build, Prime Minister Tun Dr Mahathir Mohamad said today.

PETALING JAYA (Jan 12): There are significant overlaps in jurisdictions between the Ministry of Urban Wellbeing, Housing and Local Government (KPKT) and the Ministry of Finance (MoF) over the regulation of property management that need to be resolved, said industry associations.

PETALING JAYA (Dec 20): The government will not raise the stamp duty rate from 3% to 4% on the instruments of transfer (Form 14A) for properties worth over RM1 million from Jan 1, 2018, as announced in Budget 2017,  according to the Ministry of Finance (MoF).

KUALA LUMPUR (Nov 15): MyHSR Corp Sdn Bhd has called for a tender to appoint an independent consultant to provide social impact assessment on the 350km Kuala Lumpur-Singapore high speed rail (HSR) project.

KUALA LUMPUR (Aug 11): IOI Corp Bhd has appointed Datuk Seri Dr Rahamat Bivi Yusoff as independent and non-executive director of the company effective Aug 15.