News about Ministry of Finance

KUALA LUMPUR (Aug 16): Putrajaya is reopening the registration of G1 Grade Bumiputera contractors after freezing it for 14 years, and would review the maximum amount of contract value they can undertake from government projects.

KUALA LUMPUR (July 15): Only RM1.

PETALING JAYA (July 8): The proposed acquisition of four toll concessionaires will save billions of ringgit for taxpayers and highway users, while providing shareholders of the toll concessionaires a limited but reasonable return on their investment to ensure the stability of the fragile financial markets The finance minister issued two separate statements on June 22 and 26,  2019 to explain the benefits and rationale of the proposed offer to acquire four highway concessionaires (LDP, SPRINT, Kesas and SMART) by the government.

  KUALA LUMPUR (June 1): The Debt Management Committee chaired by the Ministry of Finance has convened its first meeting yesterday to tackle the government’s massive debt and liabilities of RM1.

KUALA LUMPUR (May 20): The Ministry of Finance is now seeking a full repayment of the RM250 million loan it extended to the National Feedlot Corp Sdn Bhd (NFCorp) in 2008, after the latter defaulted on the repayment of the loan.

KUALA LUMPUR (May 10): The Malaysian government has repaid some RM17.

KUALA LUMPUR (May 8): Finance Minister Lim Guan Eng says the repatriation of 1Malaysia Development Bhd (1MDB)-related assets from the US and Singapore will be used to service 1MDB's debts currently amounting to RM51 billion.

  KUALA LUMPUR (March 30): The Ministry of Finance (MoF) announced today that it has disbursed the Bantuan Sara Hidup (BSH) cash aid worth RM100 to three million individuals categorised as bachelors under the B40 group this week.

  PETALING JAYA (March 28): The Malaysian Institute of Estate Agents (MIEA) wants the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) and the Ministry of Finance to take action against those who are circumventing the law by carrying out real estate practices illegally through property technology (proptech).

PETALING JAYA (Jan 13): Aset Tanah Nasional Bhd (ATN), a company owned by the Ministry of Finance (MoF), was used to invest in a number troubled assets – including those owned by scandal-ridden fund 1Malaysia Development Bhd (1MDB), reported The Edge Malaysia.