KUALA LUMPUR, Oct 5 – More than RM330 billion or 62 per cent of the RM530 billion allocated by the government under eight economic stimulus and aid packages have been utilised, benefitting 20 million Malaysians and 2.4 million businesses as of Sept 24,...
KUALA LUMPUR, Sept 2 (Bernama) – More than 2.9 million people have purchased essential goods using the Sumbangan Asas Rahmah (SARA) Appreciation credit within three days, with total public spending reaching RM192.4 million nationwide.
KUALA LUMPUR, Nov 17 – More announcements on institutional reforms will be coming in the next few months apart from policies that have been outlined in Budget 2022, said Ministry of Finance deputy secretary-general of treasury (policy), Zakiah Jaafar.
KUALA LUMPUR, Sept 9 – The value of the loan moratorium on loan repayments to financial institutions which came into effect on April 1 is estimated at RM81.9 billion as of Aug 28, 2020, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
KUALA LUMPUR, Oct 27 – Borrowers who are in need of financial assistance may still apply for the moratorium under the National People's Well-Being and Economic Recovery Package (PEMULIH).
KUALA LUMPUR, Aug 27 – The value of the moratorium on loan repayments by financial institutions stood at RM74.3 billion as at Aug 14, 2020, Minister of Finance Tengku Datuk Seri Zafrul Aziz said in the latest LAKSANA update.
KUALA LUMPUR, Jan 25 (Bernama) – Moody’s Ratings (Moody’s) has reaffirmed Malaysia’s sovereign credit rating at “A3” with a “stable” outlook while declaring that Malaysia’s medium-term growth prospects remain buoyant.
The Government-linked Enterprises Activation and Reform Programme (GEAR-uP), spearheaded by the Ministry of Finance (MOF), has identified RM22 billion in domestic direct investments — equivalent to 88% of the RM25 billion pledged by the six major...
KUALA LUMPUR, March 26 (Bernama) – A total of 297 contestants are participating in the Ministry of Finance’s (MOF) E-Sports Carnival 2022, the first e-sports competition in the country to use 5G technology. The competition runs for two days - today and...
KUALA LUMPUR, 3 June – Putrajaya will continue to implement tax reform initiatives proposed by the Tax Reform Committee, which focused on measures to broaden the tax base, including reviewing broad-based incentives, reliefs and deductions.
KUALA LUMPUR, Feb 1 (Bernama) – The retail prices of RON97 and RON95 petrol and diesel will remain unchanged for the period from Feb 2 to 8.
zones (SBEZ) as planned in order to encourage investments and accelerate economic development, said the Ministry of Finance (MOF).
KUALA LUMPUR, March 19 (Bernama) – The government has always taken a cautious approach to reforming the national tax system, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
has approved loans totalling RM24.15 billion to state governments as of Aug 31, 2025, according to the Ministry of Finance (MOF).
KUALA LUMPUR, Aug 7 (Bernama) -- The proposed implementation of monthly pension-style payments for Employees Provident Fund (EPF) members, announced during the tabling of the 13th Malaysia Plan (13MP), will not affect the withdrawal rights of existing...
KUALA LUMPUR, Aug 13 – Efforts are underway to strengthen the strategic levers of the nation in moving towards the Reform stage and this includes the new approach adopted by the Ministry of Finance in improving the country’s annual budgeting process to...
higher disposable income and better employment prospects following a broad-based economic recovery, the Ministry of Finance (MoF) said.
KUALA LUMPUR, May 10 -- The Ministry of Finance (MoF) today confirmed that 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd (SRC) have filed a total of 22 civil suits to recover assets worth over RM96.6 billion, including about RM300...
KUALA LUMPUR, Nov 5 (Bernama) – The number of Sumbangan Asas Rahmah (SARA) partner stores increased to 8,700 outlets as of Nov 3, 2025, up from 700 outlets in 2024, said Deputy Finance Minister Lim Hui Ying.
KUALA LUMPUR, Aug 25 (Bernama) – The Ministry of Finance (MOF) and women-related non-governmental organisations (NGOs) have been entrusted with the responsibility to prepare a Gender Responsive Budget for the B40 group starting next year, Prime...
PUTRAJAYA, June 24 (Bernama) — The Ministry of Finance (MOF) and the Ministry of Health (MOH) have formalised the setting up of the Joint Ministerial Committee on Private Healthcare Costs (JMCPHC), building on ongoing engagements among various...
Datuk Seri Mohamed Azmin Ali KUALA LUMPUR, Aug 8 (Bernama) – The Ministry of Finance (MOF) and the Malaysian Investment Development Authority (MIDA) are studying the special incentives for the investment made by Dagang NeXchange Bhd (DNeX) and Hon Hai...
KUALA LUMPUR, Jan 8 (Bernama) -- The Ministry of Finance (MoF) and the Johor state government have announced an incentive package for the Johor-Singapore Special Economic Zone (JS-SEZ) designed to drive high-value investments into Johor.
KUALA LUMPUR, Aug 16 (Bernama) – The Ministry of Finance (MoF) is inviting all parties to give feedback to the public survey related to the Targeted Subsidy Programme to be used as input for the government in setting up the programme.
PUTRAJAYA, May 6 (Bernama) – The public is advised to exercise caution regarding messages involving the 2025 Sumbangan Asas Rahmah (SARA) assistance circulating on WhatsApp.
LABUAN, April 16 (Bernama) – The Ministry of Finance (MoF) has requested the Labuan Chamber of Commerce (LCC) to come up with a full report on Labuan’s economic issues and challenges for immediate attention.
KUALA LUMPUR, April 18 – The Ministry of Finance (MOF) stressed that Bantuan Prihatin Nasional (BPN) is only for the benefit of qualified Malaysians and is seriously viewing allegation that fake documents were used to apply for the aid.
GEORGE TOWN, Aug 26 (Bernama) — The Ministry of Finance (MoF) urges the electrical and electronics (E&E) sector to approach skilled talent development holistically to ensure Malaysia pulls ahead of competitors.
JOHOR BAHRU, July 2 (Bernama) – The Finance Ministry (MoF) will work with the Communications and Digital Ministry (KKD) to tackle scam cases involving the exchange of ‘eBeliaRahmah’ credits for cash.
KULAI, Sept 18 – The Finance Ministry (MOF) will be studying the method to stabilise the rising prices of chicken so that it gives the best impact to consumers and breeders nationwide.
PUTRAJAYA, June 8 (Bernama) – The Ministry of Finance (MoF) will begin the 2023 Pre-Budget Tour soon to gather ideas, opinions and suggestions from all stakeholders, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
GEORGE TOWN, Dec 15 (Bernama) -- The Ministry of Finance (MOF) will resolve the issue of rejected eMADANI e-wallet credit applications, said Deputy Minister Lim Hui Ying. “I am trying to gather more information, and the MOF will try to examine and...
KUALA LUMPUR, March 27 (Bernama) – The Ministry of Finance (MOF) is redrafting the policy and scope of “wang ehsan” or goodwill payments to the Kelantan and Terengganu state governments.
KUALA LUMPUR, Sept 22 – The Ministry of Finance (MoF) will propose raising the ceiling limit of the COVID-19 Fund from RM65 billion to RM110 billion in the current parliamentary session, said Deputy Finance Minister II Yamani Hafez Musa.
KUALA LUMPUR, March 23 (Bernama) – The Ministry of Finance (MoF) will lodge a police report on allegations that former finance minister Lim Guan Eng had revoked the tax exemption status of Yayasan Albukhary and that the letter of cancellation was...
MELAKA, Oct 21 -- The Ministry of Finance (MOF) will help spur change to the economy of Melaka through a new tourism sector involving three islands in the state, namely, Pulau Undan, Pulau Nangka and Pulau Dodol which will be gazetted as a National...
KUALA LUMPUR, April 24 – The Ministry of Finance (MoF), together with the Economic Planning Unit (EPU) of the Prime Minister’s Department, has started engaging stakeholders from various industries to get their feedback on efforts to restore and develop...
KUALA LUMPUR, July 4 (Bernama) – The Finance Ministry (MOF) has agreed to provide transitional support to industry players during the change in the scope of the Sales and Service Tax (SST), following feedback regarding difficulties in complying with...
KUALA LUMPUR, Dec 23 – The Ministry of Finance Ministry (MoF) will extend the payment period for special assistance until Jan 31, 2022, Deputy Finance Minister I Datuk Mohd Shahar Abdullah said.
KUALA LUMPUR, July 23 (Bernama) – The Ministry of Finance (MoF) will conduct a comprehensive review of improvements should the Selected Pre-Qualified Open Tender Procurement Method (Selected Pre-Q Procurement) be reintroduced in the future.
PETALING JAYA, Dec 14 – The Ministry of Finance is looking to develop the right policies and structural reforms in the future to ensure the independence of the ageing population and to create a more inclusive society.
KUALA LUMPUR, March 13 – The Ministry of Finance Ministry (MoF) will continue to take proactive action by going down to the ground to understand the needs of the people, especially those affected by the COVID-19 pandemic.
ISKANDAR PUTERI, April 1 (Bernama) – The Ministry of Finance (MOF) will consider an immediate allocation of RM45.5 million to upgrade the Customs, Immigration and Quarantine (CIQ) Complex at the Sultan Iskandar Building (BSI) to address congestion.
Finance MInister II, Senator Datuk Seri Amir Hamzah Azizan KUALA TERENGGANU, Sept 19 (Bernama) --The Ministry of Finance (MOF) will allocate adequate funds to the tourism sector in preparation for Malaysia's role as ASEAN Chair in 2025 and the Visit...
BANGI, May 1 – The Ministry of Finance targets about 700,000 small and medium-sized enterprises (SMEs) to benefit from the RM2.1 billion Prihatin Special Grant (PSG), which would ease the burden of micro-entrepreneurs badly affected by COVID-19, said...
KUALA LUMPUR, Oct 7 – The Ministry of Finance (MoF) has tabled the National Trust Fund (KWAN) (Amendment) Ordinance 2021 for the first reading in the Dewan Rakyat today.
NABAWAN, June 27 – The Ministry of Finance is planning to extend banking services to the small town of Sook near here for the convenience of the people in the area, Deputy Finance Minister II Shahar Abdullah said.
KUALA LUMPUR, Sept 28 (Bernama) – With only 10 days left until the tabling of Budget 2023, the Finance Ministry (MoF) is still giving members of the public and businesses the opportunity to share their proposals and views to ensure that the budget...
for Treasury User Identification (SATU ID) Vehicle Management System 2.0 (eKereta) Questionnaire Parliamentary System (SSJPMOF) Audit Observation Monitoring System (iPPAD) Audit Observation Monitoring System 2.0 (iPPAD2.0) Feedback System Cabinet (SMJM)...
KUALA LUMPUR, March 21 (Bernama) – The Ministry of Finance is aware and will further study the proposal to extend the Capital Gains Tax (CGT) exemption to companies not listed on Bursa Malaysia.
BALIK PULAU, Sept 22 (Bernama) – The implementation of several physical projects by the Ministry of Finance (MOF), including the upgrading of basic facilities under the Kampung Angkat MADANI (MADANI village adoption) initiative, has revitalised Pulau...
KUALA LUMPUR, March 31 (Bernama) – The Ministry of Finance (MoF) has refined the scope for Service Tax exemptions to alleviate the direct impact on the rakyat’s living cost and cascading tax incidences in the logistics sector.
KUALA LUMPUR, Oct 7 (Bernama) -- The Ministry of Finance (MoF) has suggested tax incentives for green activities under the Green Investment Tax Allowance (GITA) and the Green Income Tax Exemption (GITE) to be reviewed based on tiering approach.
Deputy Finance Minister Lim Hui Ying KUALA LUMPUR, March 27 (Bernama) – The Federal Government’s 2024 revenue projected to increase to RM312.159 billion after taking into account Budget 2024 tax measures, contributed by higher tax revenue collection...
KUALA LUMPUR, Dec 15 – The Finance Ministry (MOF) is in discussions to strengthen cooperation with the Ministry of Housing and Local Government (KPKT) to intensify promotion of the Housing Credit Guarantee Scheme.
KUALA LUMPUR, June 8 (Bernama) – The Ministry of Finance (MoF) is looking to table the Fiscal Responsibility Bill at the next parliament session, scheduled to begin on July 18.
KUALA LUMPUR, Sept 6 (Bernama) -- The Ministry of Finance (MoF) will consider the move to use technology application to channel subsidies to target groups more efficiently. Its Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz however stressed that...
social media regarding Budget 2024 has started, said head of the Government Procurement Section of the Ministry of Finance (MOF) Ahmad Fauzi Sungip.
KUALA LUMPUR, Aug 8 (Bernama) – The Ministry of Finance (MoF) is monitoring the effects of the increase in the Overnight Policy Rate (OPR) on the amount of consumer loan repayments.
Kementerian Kewangan Malaysia (MOF) mengalu-alukan kedatangan delegasi ASEAN, China, Jepun dan Korea ke Mesyuarat Pertama Jawatankuasa Kerja ASEAN+3 (1st ASEAN+3 Task Force Meeting) yang akan berlangsung esok di Langkawi, Kedah.
KUALA LUMPUR, April 7 – The Ministry of Finance (MoF) is steadfast in maintaining the accountability and transparency of financial governance, and the sole priority during the state of emergency period is the use of all existing policies and...
KUALA LUMPUR, Aug 26 – The Ministry of Finance (MoF) today released a list of ministries that had received government procurement approval through direct negotiations during the Pakatan Harapan (PH) administration involving 101 projects worth RM6.61...
KUALA LUMPUR, Oct 31 -- The Ministry of Finance (MoF) has launched the Manfaat #Bajet2022 Portal to make it easier for the people to learn about the benefits provided in Budget 2022.
KUALA LUMPUR, Aug 31 – The Ministry of Finance (MoF) has issued a Pre-Budget Statement (PBS) for Budget 2022 today, the first in the nation’s history.
Steven Sim Chee Keong KUALA LUMPUR, June 22 (Bernama) -- The Finance Ministry has no plans to give income tax relief to the disabled (OKU) in the B40 and M40 categories who purchased motor vehicles for the time being. “The proposal need to be studied...
KUALA LUMPUR, 3 June – The Ministry of Finance (MoF) will begin its engagement and consultative sessions with various stakeholders under its Pre- Budget Statement (PBS) to ensure a comprehensive and holistic Budget 2023.
KUALA LUMPUR, June 12 (Bernama) – The Ministry of Finance (MoF) is inviting members of the public to give their views and input on how to grow the country’s economy and, at the same time, actively play a role in helping to shape Malaysia's economic...
social protection through an online feedback channel called Suarakan Pendapat Anda (Voice Your Views) starting today at www.mof.gov.my. Ministry of Finance Putrajaya 12 June 2023
KUALA LUMPUR, Aug 9 (Bernama) – The Ministry of Finance (MoF) has published a Budget 2023 public consultation paper (PCP), titled “Application of Environmental, Social and Corporate Governance (ESG) Principles in Investments by Government-Linked...
Ministry of Finance (MoF) KUALA LUMPUR, 8 Sept (Bernama) -- The Ministry of Finance (MoF) is inviting members of the public to give their feedback on the "Framework for Financing Sustainable Development Initiative" public consultation paper (PCP) for...
KUALA LUMPUR, Aug 1 (Bernama) – The Ministry of Finance (MoF) is inviting the private sector, including businesses and tax experts, to provide feedback to the Budget 2023 Public Consultation Paper (PCP) titled “The Implementation Of Globe Rules In...
PUTRAJAYA, July 20 (Bernama) – The Minister of Finance (Incorporated) (MoF Inc) companies have contributed RM50.7 billion in dividends to the government for the financial year 2022, higher than the previous year's RM28.1 billion dividend contribution,...
JERTIH, Sept 12 (Bernama) – The Ministry of Finance will hand over 25 small boats to 10 villages in Hulu Besut here as part of preparations for the upcoming Northeast Monsoon floods.
(Bernama) – Natural disasters, especially floods that hit the country last year, will be the guide of the Finance Ministry (MOF) in formulating a more holistic budget, said Deputy Finance Minister I Datuk Mohd Shahar Abdullah.
Abdul Aziz and Treasury Secretary-General Datuk Asri Hamidon, as well as the top management of the Ministry of Finance (MoF) today attended the Public Accounts Committee (PAC) procedural meeting on the COVID-19 Vaccine Procurement.
Datuk Seri Amir Hamzah Azizan PUTRAJAYA, Aug 9 (Bernama) -- The Ministry of Finance (MoF) is extending the refund mechanism for diesel subsidy to eligible logistics vehicle owners who have yet to receive the fleet card, it said in a statement today.
KUALA LUMPUR, July 1 – The Ministry of Finance (MoF) announced that it will extend the registration deadline for the RM3.5 billion Jaringan PRIHATIN programme until Aug 31, 2021.
a moderate pace in 2026 amid heightened global trade uncertainties and subdued external demand, said the Ministry of Finance (MOF).
PUTRAJAYA, Sept 12 (Bernama) – Animal feed, including raw soybeans which are a key component in its production, is now exempt from Sales Tax or subject to a zero rate as part of efforts to stabilise the prices of essential food items such as chicken,...
KUALA LUMPUR, Dec 15 -- The Finance Ministry estimates the total cost of the country's 5G coverage inclusive of network hardware and infrastructure at RM12.5 billion, said Deputy Finance Minister II, Yamani Hafez Musa.
KUALA LUMPUR, April 11 – The Ministry of Finance (MoF) today clarified that MKD Signature Sdn Bhd (MSSB), a company owned by Minister of Finance (Incorporated) [MoF (Inc)] is still the major shareholder of Mulia Property Development Sdn Bhd (MPDSB).
KUALA LUMPUR, Feb 11 (Bernama) -- The Ministry of Finance (MoF), together with the Ministry of Investment, Trade, and Industry (MITI) and the automotive industry, is reviewing the vehicle valuation method to ensure that tax is imposed fairly,...
KUALA LUMPUR, March 18 (Bernama) – The Ministry of Finance (MoF) today denied receiving its Minister Tengku Datuk Seri Zafrul Abdul Aziz's resignation letter which went viral today.
KUALA LUMPUR, March 12 (Bernama) – The Ministry of Finance (MoF) takes into account the mandate for establishing statutory bodies, their investment risk management and investment expertise when considering the types of investments they are permitted to...
PONTIAN, Dec 8 (Bernama) -- The Ministry of Finance (MoF) is considering the appeals of individuals whose eMADANI e-wallet credit applications were rejected, but are eligible according to the conditions set.
KUALA LUMPUR, July 9 – The Ministry of Finance (MoF) has confirmed that a writ and statement of claim have been filed against 44 individual partners of Malaysian accounting firm KPMG PLT on July 6, 2021.
PUTRAJAYA, Dec 6 (Bernama) – The Finance Ministry (MOF) is still waiting for the official report from the authorities about the cause of the fire in the rubbish room that occurred at 2.26 pm today.
KUALA LUMPUR, Aug 3 (Bernama) – The Ministry of Finance (MoF) is confident that the Retirement Fund (Incorporated) (KWAP) which launched the TERAS 5 initiative today can sustainably grow the size of its fund to a total gross fund of RM200 billion by...
KUALA LUMPUR, June 10 (Bernama) – The Ministry of Finance (MoF) is confident that both the public and private sectors will play their respective roles and contribute to the success of Malaysia’s sustainability efforts and goals moving forward.
KUALA LUMPUR, March 30 (Bernama) – The Ministry of Finance (MoF) is confident that the financial sector will contribute to the success of the nation’s sustainability journey, as the ministry and its agencies have paved the way for sustainable...
KUALA LUMPUR, Jan 26 – The Ministry of Finance (MoF) is confident that the Royal Malaysian Customs Department will be able to achieve its target of collecting between RM1 billion and RM2 billion under the VA Programme from early this year until Sept...
Photo: Christophe Gateau/dpa KUALA LUMPUR, July 18 (Bernama) -- The Ministry of Finance (MoF) is conducting a study to develop an initiative for the implementation of the Variation of Price (VOP) clause for items or construction materials in government...
SERIAN, July 11 – Deputy Finance Minister II Mohd Shahar Abdullah ‘went down to the ground’ and personally witnessed several Federal government projects and initiatives in Sarawak to understand the needs and impact on the community in preparation for...
(12MP) by the YAB Prime Minister, Dato' Sri Ismail Sabri Yaakob in Parliament on 27 September 2021, the Ministry of Finance (MOF) is committed to provide adequate fiscal allocation to finance the development expenditure of the 12MP for the period 2021...
KUALA LUMPUR, March 15 (Bernama) – The Ministry of Finance (MoF), Bank Negara Malaysia (BNM) and the Securities Commission (SC) are spearheading collaborations with relevant agencies to formulate a comprehensive legal framework to regulate all consumer...
KUALA LUMPUR, Jan 14 – The government and its related agencies will facilitate and ensure market conditions remain conducive and orderly following the imposition of various forms of Movement Control Order (MCO) to curb the spread of COVID-19, said...
KUALA LUMPUR, Jan 18 – The Ministry of Finance has approved a special tax incentive to drive investment in Tok Bali, Kelantan as a new growth centre in the state, giving 100 per cent income tax exemption for 25 years and an extension of another five...
Following the announcement on Malaysia’s digital blueprint, MyDigital by the Prime Minister, YAB Tan Sri Muhyiddin Yassin on 18 February 2021, and the follow-up announcement by the Malaysian Communications and Multimedia Commission on 5G deployment in...
KUALA LUMPUR, Sept 20 (Bernama) – The Ministry of Finance (MOF) is analysing new proposals and suggestions from several parties for inclusion in Budget 2024 before it is tabled on Oct 13, 2023, said Deputy Finance Minister I Datuk Seri Ahmad Maslan.
KUALA LUMPUR, Feb 19 – The Ministry of Finance (MoF) has allocated RM1.7 billion for the Malaysia Short-term Employment Programme (MySTEP), with the target of creating 80,000 jobs this year.
address the school dropout issue involving Malaysian students, the Ministry of Education (MOE) and the Ministry of Finance (MOF) will launch the Anak Kita programme this Friday.
KUALA LUMPUR, Sept 30 – The Ministry of Finance (MoF) and Bank Negara Malaysia (BNM), with the cooperation of banking institutions, are working towards expanding the mobile bank initiative, with the additional units expected to be operational from the...
Kementerian Kewangan Malaysia (MOF) dengan kerjasama Bank Negara Malaysia (BNM) hari ini menganjurkan Mesyuarat Pertama Jawatankuasa Kerja ASEAN+3 (1st ASEAN+3 Task Force Meeting) di Langkawi, Kedah.
of up to 300 litres of RON95 petrol under the BUDI MADANI RON95 (BUDI95) targeted subsidy programme, the Finance Ministry (MoF) said today.
SIRENS OF CHANGE Ladies and Gentlemen, So how do we mitigate these risks and challenges? I would like to stress that at the MOF, our policy response in 2022 is guided by the 3R approach: Responsive, Responsible and Reformist. Of course, all good...
as a stark reminder of the physical threat that climate change poses to our people’s lives and safety. This has strengthened MOF’s commitment to sustainable development and building resilience in order to create a stronger and more inclusive economy....
The Malaysia Sustainable Development Goals Trust Fund (MySDG Fund) was launched by the Hon. Prime Minister, Datuk Seri Ismail Sabri Yaakob today, to facilitate the nation's sustainable development agenda. The Hon. Prime Minister also announced the...
BANGI, 13 Feb (Bernama) – The drone industry in Malaysia is expected to reach a market value of up to RM12.13 billion or 4.3 per cent of the global market share this year, Deputy Finance Minister I Datuk Seri Ahmad Maslan said.
KUALA LUMPUR, April 22 – The Government has successfully priced the world’s first sovereign US Dollar Sustainability Sukuk, via the issuance of US$800 million 10-year Trust Certificates and also issued US$500 million 30-year Trust Certificates with the...
and five per cent in 2023 compared to the anticipated 6.5-7.0 per cent growth in 2022, according to the Finance Ministry (MoF).
KUALA LUMPUR, May 22 (Bernama) – The federal government’s fiscal deficit decreased to RM21.9 billion in the first quarter of 2025 (1Q 2025), compared to RM26.4 billion in the same period last year, indicating that fiscal consolidation remains on the...
KUALA LUMPUR, July 14 (Bernama) – The country’s fiscal position is still strong and the federal government’s debt is still under control, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
KUALA LUMPUR, Sept 30 – Malaysia’s economy is expected to rebound in 2022, in line with the expected recovery in the global economy throughout the second half of 2021 and into next year, particularly as more countries step up their vaccination efforts.
KUALA LUMPUR, Sept 10 (Bernama) -- Malaysia’s economic growth performance in the second quarter of 2025 (2Q 2025) remained resilient despite geopolitical and global trade uncertainties, outperforming several ASEAN countries, including Singapore and...
KUALA LUMPUR, Jan 29 – The Finance Ministry (MoF) stressed that the banks involved in the issue of unsecured debts by Genting Hong Kong Ltd -- and the Malaysian banking sector as a whole -- are highly resilient in the face of various challenges of...
KUALA LUMPUR, Nov 17 (Bernama) -- Malaysia’s encouraging performance in the third quarter (3Q) of 2023 provides a strong signal for a positive trajectory to achieve the resilience needed to support the restructuring of the economy intended under the...
KUALA LUMPUR, March 15 (Bernama) – The Ministry of Finance (MoF) stressed that Malaysia will not experience an economic turmoil this year although the country is faced with global economic uncertainties.
4.0 and 4.5 per cent – against 4.0 to 4.8 per cent this year – despite acute trade challenges, the Ministry of Finance (MoF) said today.
KUALA LUMPUR, May 25 (Bernama) – Malaysia is setting up a Centre for the Fourth Industrial Revolution (C4IR), an independent centre within the World Economic Forum (WEF), to support the achievement of the country’s overarching vision under its 4IR...
The Ministry of Finance (MOF) is pleased to announce that the Government has received from KPMG the sum of RM340.92 million (USD80 million) which was deposited into Malaysia’s Assets Recovery Trust Account. This follows the announcement on 16 September...
KUALA LUMPUR, April 6 (Bernama) – Malaysia, as the chairman of ASEAN 2025 and host, is fully prepared to welcome the ASEAN finance ministers and central bank governors attending the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting...
Finance Minister II, Datuk Seri Amir Hamzah Azizan KUALA LUMPUR, Nov 7 (Bernama) -- Malaysia stands ready for a new era of investment, supported by a clear vision for economic transformation and a commitment to attracting investments aligned with the...
KUALA LUMPUR, May 25 (Bernama) – Malaysia needs an inclusive digital transformation to build a competitive and progressive digital economy to keep in step with developed countries, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
By Nur Ashikin Abdul Aziz SINGAPORE, July 28 (Bernama) -- Positive outlook from analysts and rating agencies, supported by encouraging economic figures, signals that Malaysia is making great strides to reclaim its Asian Tiger status, said Finance...
Malaysia’s Gross Domestic Product (GDP) jumped to 5.1% in 2024 (2023: 3.6%), exceeding the Government’s initial forecast range of 4% to 5% announced in Budget 2024. The MADANI Government also exceeded its fiscal deficit target for 2024 at 4.1% (2023:...
KUALA LUMPUR: The government remains committed to ensure adequate financing for programmes and projects related to the Sustainable Development Goals (SDGs) by strengthening and widening sustainability related financing in the upcoming Budget 2022, said...
Sumbangan here today that the papers related to the bill are being prepared by the Tax Division of the Ministry of Finance (MoF) in collaboration with the Attorney General's Department. Asked about the response from multinational corporations (MNCs)...
PUTRAJAYA, March 21 (Bernama) – Malaysia has successfully attracted potential foreign investments amounting to RM76.1 billion as of March this year, the result of the country's successful trade and investment missions in Australia, Germany and France,...
KUALA LUMPUR, July 6 (Bernama) – The decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is in line with the global economic development and the inflation rate in Malaysia which shows a declining trend and remains stable.
KUALA LUMPUR, Feb 16 (Bernama) – The MADANI Government is confident of achieving stronger Gross Domestic Product (GDP) growth of between four and five per cent in 2024 on the back of strong fundamentals and reforms mapped out in the MADANI Economy and...
PUTRAJAYA, Sept 23 (Bernama) – The MADANI government will allocate approximately RM11 billion to cover the difference between the subsidised price of RM1.99 per litre and the unsubsidised pump price of around RM2.60 per litre under the BUDI MADANI...
expected to support homeownership affordability through reduced debt servicing costs, according to the Ministry of Finance (MoF).
KUALA LUMPUR, Nov 1 – Despite the immediate short-term priority on recovery from the effects of COVID-19 pandemic, a longer-term perspective on sustainable fiscal management is required to ensure the future resilience of the nation, Treasury...
KUALA LUMPUR, June 11 (Bernama) -- The Ministry of Finance (MOF) has clarified that agricultural produce grown in Malaysia are not subject to sales tax under the expanded Sales and Service Tax (SST).
KUALA LUMPUR, Aug 27 – Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has reiterated that the list of government projects awarded via direct negotiations under the Pakatan Harapan (PH) government was released in the interest of transparency.
totalling RM9.35 billion to more than three million taxpayers as of June 30, 2025, according to the Ministry of Finance (MOF).
KUALA LUMPUR, Aug 4 – As the country is still in a health and economic crisis, it is important to set aside the differences and focus towards a common goal in protecting the people’s lives and the recovery efforts, Finance Minister Tengku Datuk Seri...
quarters as possible, a good idea is a good idea, it should not matter who proposes it. In fact, this is exactly what the MOF did during Budget 2021, when we incorporated various proposals — even from the Opposition parties — in the budget. Pejuang's...
developing countries’ progress by at least a decade. And what about Malaysia? In the last two years, the Ministry of Finance (MOF) has been RESPONSIVE to the nation’s pressing needs, particularly through the eight stimulus packages valued at RM530...
PLC Transformation Programme is timely given the current operating landscape. Thematically, it complements the Government and MOF’s wider agenda of recovery and reform. Allow me to briefly touch on both these aspects and their developments this morning....
position as one of the world’s largest sukuk fund management centres. NEW VISION FOR LABUAN IBFC Ladies and Gentlemen, The MOF’s long-term goal is for Labuan IBFC to ride and adapt to changing market dynamics and financial developments around the world....
with one being ever closely linked to the other. It is my hope that the Government, through the Ministry of Finance (MoF), and all other Ministries and agencies, will equip Malaysia to accelerate the transition to a more sustainable economy. ESG...
assist the government in mainstreaming the sustainability agenda across as many sectors and industries as soon as possible. MOF has already begun budget-tagging specific measures to ensure that various ministries spend in accordance with our...
KUALA LUMPUR, Dec 15 – The Labuan International Business and Financial Centre (Labuan IBFC) can become a platform to expand Malaysia’s capabilities in digital Islamic finance and the government is prepared to collaborate with relevant stakeholders to...
LABUAN, May 1 (Bernama) – Labuan Financial Services Authority (Labuan FSA) has announced the appointment of Bank Negara Malaysia (BNM) Chief Services Officer Affendi Rashdi as its Director General for a two-year term from May 1, 2025 to April 30, 2027.
duties on auditing of 1Malaysia Development Bhd (1MDB) accounts for the period of 2010 to 2012, the Ministry of Finance (MoF) said.
PETALING JAYA, April 14 (Bernama) – The Ministry of Housing and Local Government (KPKT) and the Ministry of Finance (MoF) today launched the i-Biaya initiative, as part of the government's efforts to facilitate housing loans to the M40 and B40...
PUTRAJAYA, March 10 -- The potential of Kota Perdana Special Border Economic Zone (SBEZ) in Bukit Kayu Hitam, Kedah to attract new investments will accelerate the government's efforts to revive the economy, post-COVID-19, said Finance Minister Tengku...
create 500,000 jobs this year. All these efforts were announced under the JanaKerja initiative in Budget 2021, for which the MOF has allocated RM3.7 billion. 9. So far, job creation efforts by both the NEC and MOHR have shown encouraging success rates....
KUALA LUMPUR, Nov 12 – The ASEAN Taxonomy for Sustainable Finance, Version 1 (ASEAN Taxonomy), released by the ASEAN Taxonomy Board (ATB), is a major milestone that demonstrates the region’s collective commitment and tailored approach in transitioning...
signing of the Johor-Singapore Special Economic Zone (JS-SEZ), the Johor State Government and the Ministry of Finance (MoF) would like to announce a tax incentive package for JS-SEZ.
& offline retailer is honoured to be selected as a partner for Belanjawan 2021, an initiative under the Ministry of Finance (MOF) and Malaysia Digital Economy Corporation (MDEC). The partnership was announced by the Government of Malaysia on 5th of July...
disclaimed Ranhill Utilities Bhd’s notification to Bursa Malaysia that the ministry and Minister of Finance (Incorporated) [MOF (Inc)] had issued an offer letter to the company to undertake due diligence on Indah Water Konsortium Sdn Bhd (IWK). In a...
the RM1.24 billion payment due to TRX City Sdn Bhd (TRXC), a wholly-owned subsidiary of the Minister of Finance Incorporated (MoF Inc) by IWH-CREC Sdn Bhd.
through the introduction of a new provision under the amendments in the Finance Bill 2021, said the Finance Ministry (MoF) today.
KUALA LUMPUR, March 1 – Despite the gloomy and challenging economic conditions, the Inland Revenue Board (IRB) has once again proven its ability as a high-performing organisation by adapting to new norms in conducting its tax operations.
KUALA LUMPUR, Feb 13 (Bernama) – The MADANI government has increased the rate of the Rubber Production Incentive (IPG) for two consecutive years to ensure the protection of the rubber smallholders’ welfare.
by the government have further strengthened investors’ confidence in Malaysia, according to the Ministry of Finance (MoF).
if not more, concerned about the underlying structural issues that have contributed to retirement fund inadequacy. 14. At the MOF’s level, we strive to expand social security protection in accordance with the UN Sustainable Development Goals for 2030....
allocation in capitation grants in 2026 reflects its current financial capacity, according to the Ministry of Finance (MOF).
to year is proof of the government’s commitment to strengthen the social safety net, according to the Ministry of Finance (MoF).
KUALA LUMPUR, Aug 29 (Bernama) – Income derived from digital cryptocurrency activities such as trading, mining, and exchange in Malaysia is subject to income tax under Section 4 of the Income Tax Act 1967 because digital currencies are classified as...
KUALA LUMPUR, Jan 18 – The government has improved the implementation of the Keluarga Malaysia Automotive Aid by allowing flood victims to make a cash claim if their vehicles had been repaired in a workshop that is not registered with the automotive...
W3C: Capaian Orang Kurang Upaya Portal Perbendaharaan menyediakan kemudahan untuk capaian Orang Kurang Upaya (OKU) / Disability Access. A. Pengguna Rabun Silau Bagi pengguna rabun silau, terdapat beberapa pilihan warna disediakan di ruangan bawah UBar...
and you deserve a round of applause. Ladies and Gentlemen, Rebuilding Malaysia to be More Socially Resilient Part of MOF’s commitment to sustainable development and building resilience is to create a better, safer and more inclusive society for our...
PUTRAJAYA, July 16 (Bernama) – More than 210,000 recipients of the Rahmah Cash Aid (STR), who are in the hardcore poor category based on e-Kasih data, will receive the Sumbangan Asas Rahmah (SARa) of RM600 starting tomorrow to obtain their basic food...
JOHOR BAHRU, Aug 15 (Bernama) – The government's strategic implementation of transformative policies and initiatives, including the New Industrial Master Plan 2030 (NIMP 2030), is fueling the creation of high-skilled job opportunities, boosting...
KUALA LUMPUR, Sept 14 – The signing of the Memorandum of Understanding (MoU) on Transformation and Political Stability between the Federal Government and Pakatan Harapan (PH) will have a positive impact on the country's economic growth in the fourth...
KUALA LUMPUR, Aug 18 (Bernama) -- The government will not embark on mega projects that have limited impact on the majority of the people in the near future after taking into account global economic uncertainties, said Finance Minister II Datuk Seri...
KUALA LUMPUR, June 12 – The government will not get involve in any bailout of airline operators although they are badly affected by the COVID-19 pandemic as their business is run commercially, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
KUALA LUMPUR, June 17 – The government is reviewing all existing measures and is prepared to introduce additional assistance to support the affected people and businesses in weathering the economic challenges in the coming months.
be given to projects that provide immediate impact on the well-being of the people, according to the Ministry of Finance (MoF).
on the Fiscal Responsibility Act framework to obtain input and views from all stakeholders, said the Ministry of Finance (MoF).
PUTRAJAYA, March 16 (Bernama) – The government has decided to maintain the implementation of the 5G network as a single wholesale network (SWN) and offer telecommunications companies an up to 70 per cent equity stake in Digital Nasional Bhd (DNB).
KUALA LUMPUR, Aug 27 (Bernama) – The government will maintain the electricity tariff for all consumers in the second half of 2022 at the same rate as the first half of 2022.
KUALA LUMPUR, Feb 15 – The government will focus on two main thrusts to support the economic growth momentum this year, namely creating jobs and helping entrepreneurs to grow, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
KUALA LUMPUR, 2 Feb – The government has started working on Budget 2022 to address the country's structural issues while rolling out Budget 2021 to ensure the country's future measures are not only strategic, but also targeted, on-point and...
KUALA LUMPUR, July 16 (Bernama) – The government will restructure allocations to achieve a savings target of at least 5.0 per cent from the remaining operating allocation for 2022 to help finance part of the additional expenditure relating to subsidies...
in 2023, which is lower than the 5.6 per cent or RM99.5 billion recorded in 2022, according to the Ministry of Finance (MoF).
KUALA LUMPUR, March 14 (Bernama) – The government still needs to cover a shortfall of RM17 billion to repay the remaining balance in principal and interest of 1Malaysia Development Bhd's (1MDB) debts totalling RM38.8 billion for the 2023 to 2039...
under the BUDI MADANI Diesel Programme (BUDI Diesel) since its implementation on June 10, 2024, said the Ministry of Finance (MoF).
to use debt monetisation financing strategy as one of the ways to increase government revenue, said the Ministry of Finance (MoF).
KUALA LUMPUR, Sept 23 – Government revenue increased 4.6 per cent year-on-year to RM106.4 billion in the first half (H1) of 2021, which fell below the Budget 2021 estimate.
KUALA LUMPUR, Dec 26 – The government has agreed to relax the procurement method for flood recovery efforts this year, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
KUALA LUMPUR, June 3 – The government has received the remittance of RM336 million (US$80 million) in relation to 1Malaysia Development Bhd (1MDB) matters from Deloitte PLT.
KUALA LUMPUR, Nov 1 – The Finance Ministry (MoF) understands the problems faced by all segments of society including the youth and bachelors who will therefore also receive benefits under Budget 2022.
KUALA LUMPUR, Oct 7 (Bernama) -- The government plans to increase by 0.5 percentage points the income tax rate for individuals with taxable income ranging from RM250,001 to RM400,000 from the year of assessment 2023 to make the individual tax structure...
By M.Saraswathi & Anas Abu Hassan KUALA LUMPUR, Sept 2 (Bernama) – Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz, in an exclusive interview with Bernama, shares the latest developments in the share subscription agreement (SSA) of Digital...
some of the additional expenses related to subsidies for the welfare of the people, according to the Ministry of Finance (MoF).
KUALA LUMPUR, Oct 3 – The government plans to assist the micro, small and medium enterprises (MSMEs) by providing them capital to restart their business following the effects of the COVID-19 pandemic.
(SOEs) to strengthen corporate governance, increase accountability, and optimise performance, said the Finance Ministry (MOF).
KUALA LUMPUR, Sept 2 (Bernama) – The government has channelled RM7.15 billion to 26,119 small and medium enterprises (SMEs) under the Targeted Relief and Recovery Facility (TRRF) as of July 6, 2022.
KUALA LUMPUR, Aug 26 (Bernama) – The government has channeled RM20.941 billion to 357,948 employers through the Wage Subsidy Programme (WSP) as of Aug 5 to maintain the employment of 2.96 million local workers.
KUALA LUMPUR, June 20 (Bernama) – The government has agreed to provide relaxation in the procurement method for all small projects, including exemptions to Treasury Instruction (AP) 182 to all ministries/executing agencies up to the state and district...
the inflation rate in 2025 to increase moderately between two per cent and 3.5 per cent, said the Ministry of Finance (MOF).
KUALA LUMPUR, Feb 20 – The Ministry of Finance (MoF) is focusing on driving the country's financial recovery so that the people can return to normal life comfortably through several strategies such as creating new jobs, bringing in investment and...
tax (CGT) effective March 1, 2024, based on share ownership transfer trends in recent years, said the Ministry of Finance (MoF).
KUALA LUMPUR, Oct 16 (Bernama) — The government expects an additional RM3 billion in revenue next year through the increase in the service tax rate to 8 per cent from 6 per cent.
KUALA LUMPUR, Feb 29 (Bernama) – The government is expected to collect tax revenue of RM700 million a year from the implementation of the Luxury Goods Tax, now known as the High Value Goods Tax (HVGT).
can be purchased under the Sumbangan Asas Rahmah (SARA) programme has been expanded starting today, the Finance Ministry (MOF) announced.
BATU PAHAT, Oct 1 (Bernama) -- The government takes into careful consideration every application for infrastructure development funding in budget planning and policy implementation, said Deputy Finance Minister Lim Hui Ying.
has no intention to lower the current ceiling price of RON95 petrol and subsidised diesel, the Ministry of Finance (MoF) said.
KUALA LUMPUR, Dec 9 – The federal government does not intend to withdraw any approval granted for liquor licence for the sale of alcoholic beverages, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
KUALA LUMPUR, March 30 (Bernama) – The government has continued to engage with relevant stakeholders to finalise details of the high-value goods tax (HVGT), including the scope of goods and associated thresholds.
KUALA LUMPUR, Feb 5 – The Ministry of Finance (MoF) today reiterated and reminded the public to take advantage of various initiatives provided by the government to help the people rebuild their livelihoods, post-pandemic.