News about minister

KUALA LUMPUR (Nov 5): The multi-tier levy system has been strongly opposed by an employer group and industry players, which said it would increase the cost of business operations.

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): Prime Minister Tun Dr Mahathir Mohamad believes that the FundMyHome innovative homeownership scheme could help the government reach its one million affordable homes target within 10 years as promised by Pakatan Harapan government.

SEMENYIH (Nov 4): The FundMyHome scheme allows institutions to contribute to society by assisting Malaysians to own a home, said Maybank and CIMB Group.

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.

PETALING JAYA (Nov 2): Bank Negara Malaysia will be establishing a RM1 billion Fund for Affordable Homes (the Fund) to help homebuyers from the lower income group nationwide to finance the purchase of their first homes.

KUALA LUMPUR (Nov 2): It might be wishful thinking to expect the government to be able to rein in fiscal deficit while generating decent economic growth in the upcoming budget, which will be tabled by the Finance Minister Lim Guan Eng at Parliament this afternoon.

KUALA LUMPUR (Oct 30): Following the exemption of the Sales and Services Tax (SST) on construction materials, new home buyers may be able to look forward to discounts between five to 10 per cent on house prices in the coming months.