News about finance

PETALING JAYA (Sept 24): The government will continue to compensate highway concessionaires for not raising their toll fares as it seeks to fulfill its election promise of abolishing tolls, said special officer to the Finance Minister Tony Pua.

KUALA LUMPUR (Sept 19): Malaysia needs an economic road-map to chart a path from global kleptocracy to sustainable growth, said Finance Minister Lim Guan Eng.

KUALA LUMPUR (Sept 12): The government expects to disclose the mechanism on the implementation of a targeted petroleum subsidy system by early next year,  Deputy Finance Minister Datuk Amiruddin Hamzah said today.

KUALA LUMPUR (Sept 12): Seventy-five per cent of shops and restaurants are not subject to the new tax system that replaced the goods and services tax (GST), following the increase of annual turnover threshold for the sales and services tax (SST) to RM1.

PETALING JAYA (Sept 7): The Malaysian Institute of Estate Agents (MIEA) has appointed Soma Sundram Krisnaswamy as its CEO.

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 (September 6): In the wake of the dropped charges against the former Penang chief minister Lim Guan Eng and businesswoman Phang Li Koon, questions as to the events that lead to the decision have arisen.

KUALA LUMPUR (Sept 6): MyHSR Corp Sdn Bhd, together with its Singapore counterpart (SG HSR), will be calling off the ongoing international joint tender for the assets company (AssetsCo), following the deferment of the project.

KUALA LUMPUR (Sept 4): Prime Minister Tun Dr Mahathir Mohamad, among others, is also shocked over the acquittal of Finance Minister Lim Guan Eng of corruption charges involving the purchase of a bungalow at below market value.

KUALA LUMPUR (Aug 28): The Ministry of Finance (MoF) under the previous administration had abused the procurement policy and system that led to the failure of enforcement by government agencies and a lack of disciplinary action against non-compliance, according to the Centre to Combat Corruption and Cronyism (C4).