News about Ministry of Finance

PETALING JAYA (Nov 2): The growth of the construction sector is expected to slow down owing to the soon-to-be completed mega projects, coupled with the property overhang situation in the non-residential segment, said the Economic Report 2019 by the Ministry of Finance (MoF).

PETALING JAYA (Nov 2): As at September 2018, about 3,800 small and medium enterprises (SMEs) has joined the Digital Free Trade Zone (DTFZ) platform, stated the Economic Report 2019 by the Ministry of Finance (MoF) today.

Get the latest reports on the Budget 2019 tabled today (Nov 2).

KUALA LUMPUR (Oct 26): The Ministry of Finance has announced that MMC-Gamuda KVMRT (T) Sdn Bhd will remain the contractor for the underground works portion of the MRT Sungai Buloh-Serdang-Putrajaya line (MRT2) -- now at an even lower cost of RM13.

KUALA LUMPUR (October 9): MMC-Gamuda KVMRT (T) Sdn Bhd said that the joint venture (JV) was not being given a fair chance to work out the cost reduction for the underground works of the mass rapid transit Line 2 (MRT2) as the Ministry of Finance (MoF) did not reveal the target it wants to achieve.

KUALA LUMPUR (Sept 7):  The Ministry of Finance (MoF) has appointed a three-man executive team to undertake changes in the organisational structure and turnaround the asset owner and operator of public transport systems Prasarana Malaysia Bhd (Prasarana).

KUALA LUMPUR (August 14): Bank Negara Malaysia (BNM) is expected to roll out a special housing loan scheme tailored for the low-to-middle income group with regard to first-home ownership by next month, according to the ministry of finance (MoF).

KUALA LUMPUR (July 30): The government has yet to decide on whether to proceed with or cancel the East Coast Rail Link (ECRL) project, according to the Ministry of Finance (MoF).

KUALA LUMPUR (July 26): Prasarana Malaysia Bhd has denied that the tenure of its president and group chief executive officer Masnizam Hisham (pictured) has been cut short or that she has tendered her resignation.

PETALING JAYA (July 24): Due to additional costs incurred by changes in design and delivery schedule of the project, contractors with work packages in the Light Rail Transit 3 (LRT3) project have said that they would seek compensation.