KUALA LUMPUR: The retail prices for RON97 and RON95 petrol, as well as diesel, will remain unchanged at RM3.47, RM2.05 and RM3.35 per litre respectively from July 4 to 10. The Finance Ministry in a statement on Wednesday (July 3) said the retail price of diesel in Sabah, Sarawak and Labuan will also remain unchanged at...
WITH the recent changes to the fuel subsidy programme, many diesel car owners are curious whether they qualify for the new diesel subsidies. The government has introduced the Bantual Subsidi Madani (Budi Madani) programme to make diesel subsidies more targeted and efficient. Do diesel car owners really get a RM200 subsidy under this new initiative? Verdict: TRUE - With...
PETALING JAYA: The Finance Ministry has approved 100,000 applications for the monthly RM200 Budi Madani cash assistance under the diesel subsidy rationalisation as of Wednesday. The Finance Minister II Datuk Seri Amir Hamzah Azizan said that the applications included individual diesel vehicle owners (Budi Individu), as well as farmers and small planters (Budi Agri-Komoditi). In a statement...
PUTRAJAYA: The monthly RM200 Budi Madani cash assistance should be sufficient to off-set the increase in the price of diesel for most Malaysians, says Datuk Seri Amir Hamzah Azizan. "The RM200 is sufficient to cover 80% of diesel vehicle owners based on consumption patterns from Statistics Department data," said the Finance Minister II at a press...
PUTRAJAYA: The RM2,000 Early Incentive Payment for civil servants will be made on Feb 23, says Prime Minister Datuk Seri Anwar Ibrahim (pic). He said this when speaking at the Finance Ministry's assembly here on Tuesday (Feb 6) morning. Anwar added that this is the Early Incentive Payment of RM2,000 to all civil servants grade 56 and...
KOTA KINABALU: The introduction of an 8% tax on traditional and complementary medicine (TCM) services would encourage underground practices and quacks, says Dr Pamela Yong (pic). The MCA deputy secretary-general said the new tax would adversely affect its integration into general healthy living. She said in a move to increase coffers and revenue, it seems that the...
PONTIAN: All 26 ministries have about one month and a week left to spend every penny of the allocation channelled to them from Budget 2023, says Deputy Finance Minister Datuk Seri Ahmad Maslan. He added as of Thursday (Nov 23), the 26 ministries have already spent up to 82% for development expenditure and 92% for operating...
KUALA LUMPUR: The government has agreed to study the proposal for a phased expansion of social protection coverage to the working-age population of Malaysia reaching 18 years old to ensure old age income security from 2024 onwards. Prime Minister Datuk Seri Anwar Ibrahim said that this decision was made during the 6th Meeting of the Malaysian...
KUALA LUMPUR: With the recently passed Fiscal Responsibility Act, the Finance Minister is now accountable to Parliament for hitting fiscal targets, says Datuk Seri Anwar Ibrahim. "The Fiscal Responsibility Act (FRA) is important as it gives the Finance Ministers powers to Parliament," he said On whether the fiscal deficit target is achievable, Anwar said it is within...
KUALA LUMPUR: The government will begin discussions on the handing back of Lembaga Tabung Haji (TH) assets which were transferred to a special purpose vehicle (SPV) owned by the Finance Ministry (MOF) in 2018, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also Finance Minister, said this consideration was made after preliminary reports showed...
