News about finance

KUALA LUMPUR (Nov 12):  Finance Minister Lim Guan Eng today explained that the new homesownership platform initiative provides Malaysians with another option towards owning a home.

JOHOR BAHRU (Nov 12): Finance Minister Lim Guan Eng (pictured) has reassured that despite the change of government in Putrajaya, many development projects in Johor such as the Johor Bahru-Singapore Rapid Transit System (RTS) Link, would be carried out, reported The Star today.

KUALA LUMPUR (Nov 9): The FundMyHome property platform will not be a monopoly of the newly-proposed home financing scheme sector, political secretary to Minister of Finance Tony Pua explained today.

KUALA LUMPUR (Nov 8): Former Prime Minister Datuk Seri Najib Razak (pictured) has asked whether the FundMyHome scheme is meant to benefit the people or the developers.

KUALA LUMPUR (Nov 8): Former finance minister Tun Daim Zainuddin (pictured) said today that capital controls may not work for Malaysia now as market conditions have changed, compared with the 1997-1998 Asian financial crisis.

KUALA LUMPUR (Nov 7): The Finance Ministry said today foreign online services will need to register with the Royal Malaysian Customs Department to ensure a level playing field between Malaysian and foreign companies.

KUALA LUMPUR (Nov 5): Three years ago, when former prime minister Datuk Seri Najib Razak, who was also the finance minister, unveiled Budget 2016, many labelled it the “Robin Hood” budget — a reference to a fictional character who took from the rich to give to the poor — simply because the personal income tax rate of those in the higher income bracket was raised.

SEMENYIH (Nov 4): The government welcomes innovative concepts such as the FundMyHome scheme which provide an innovative approach to address the housing unaffordability issue in the country by enabling more homebuyers to own their first homes.

PETALING JAYA (Nov 2): While the Real Property Gains Tax (RPGT) rate will be increased after the fifth year, industry experts believe it will not adversely impact the property market as the quantum of increase is rather minimal.

  PETALING JAYA (Nov 2): The government will allow the setting-up of property crowdfunding  platforms which will serve as an alternative source of financing for first time homebuyers, said Finance Minister Lim Guan Eng today.