Finance Ministry – Page 2

01AugAugust 1, 2024

Govt prioritises data security, effective implementation for MyInvois system, says Amir Hamzah

KUALA LUMPUR: The Government, through the Inland Revenue Board (LHDN), prioritises safeguarding the security of data within the MyInvois System while ensuring that implementation objectives are met comprehensively, says Datuk Seri Amir Hamzah Azizan. The Finance Minister II said the security of MyInvois is maintained through compliance with the LHDN's information and communication technology (ICT) security...

By James LimmalaysiaAmir Hamzah Azizan, API Sandbox, Cybersecurity Measures, Data Security, Dewan Negara, eInvoicing, Finance Ministry, ICT Security Policy, Inland Revenue Board, Malaysia Tax Administration, MyInvois System, Real-Time Submission0 CommentsRead more...

04JulJuly 4, 2024

Fuel prices July 4-10: Unchanged across the board

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...

By James LimmalaysiaDiesel, Finance Ministry, Fuel Prices, Petrol, RON95, RON970 CommentsRead more...

22JunJune 22, 2024

QuickCheck: Are diesel car owners eligible for a RM200 subsidy?

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...

By James LimmalaysiaBudi Madani, Diesel Car Owners, Diesel Subsidy, Finance Ministry, Malaysia Diesel Programme, Malaysia Fuel Subsidy, QuickCheck, StarVerified, Subsidy Eligibility, True Or Not0 CommentsRead more...

20JunJune 20, 2024

100,000 received RM200 cash aid to offset diesel price increase, says Finance Minister II

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...

By James LimmalaysiaAmir Hamzah, BudiMadani Cash Assistance, Diesel Subsidy Rationalisation, Finance Ministry0 CommentsRead more...

09JunJune 9, 2024

RM200 monthly Budi Madani assistance enough for most Malaysians, says Finance Ministry

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...

By Stephanie Chanmalaysia, NewsBudi Madani, Cash Aid, Diesel, Finance Ministry, RM2000 CommentsRead more...

07FebFebruary 7, 2024

RM2,000 Early Incentive Payment for civil servants on Feb 23

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...

By Stephanie Chanmalaysia, News000, Announcement, Anwar Ibrahim, Civil Servants, Civil Service, Early Incentive Payment, Finance Ministry, RM20 CommentsRead more...

29DecDecember 29, 2023

8% tax on TCM will encourage underground practices and quacks, says MCA

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...

By Stephanie Chanmalaysia, NewsDr Pamela Yong, Finance Ministry, Health, MCA, SST, TCM, wellbeing0 CommentsRead more...

26NovNovember 26, 2023

Ministries have just over a month to spend Budget 2023 allocations, says Ahmad

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...

By Stephanie Chanmalaysia, NewsAhmad Maslan, Budget 2023, Finance Ministry, Spend0 CommentsRead more...

22NovNovember 22, 2023

Govt to study proposal for phased expansion of social protection coverage, says Anwar

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...

By Stephanie Chanmalaysia, NewsAnwar Ibrahim, Coverage, Epf, Finance Ministry, Malaysian Social Protection Council, MySPC, Social Protection Network0 CommentsRead more...

02NovNovember 2, 2023

Finance Minister is accountable to Parliament with Fiscal Responsibility Act

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...

By Stephanie Chanmalaysia, NewsAnwar Ibrahim, Finance Ministry, Fiscal Responsibility Act, Parliament0 CommentsRead more...

Tag - Finance Ministry