Tag - Financial Institutions

Expanded SST will not affect basic services, say banking associations

PETALING JAYA: Banking associations have reassured the public that the upcoming expansion of the service tax which on July 1, 2025, will not affect commonly used basic banking services. "Basic banking services that involve fees or commissions such as those related to current accounts (cheque accounts), savings accounts, or similar accounts, including e-wallets, are not subject...

Climate finance key to sustainable future, says DPM Fadillah

KUALA LUMPUR: Climate finance is crucial for meeting ambitious targets and fostering positive change, thereby ensuring a more sustainable and equitable future, says Datuk Seri Fadillah Yusof. The Deputy Prime Minister, who also serves as Energy Transition and Water Transformation Minister, said Malaysia welcomes international partnerships and investments supporting the country's energy transition and broader climate...

Johor Insolvency Department to release 13,700 from bankruptcy by year-end

PENGERANG: The Johor Insolvency Department will issue certificates to some 13,700 individuals this year under the second chance policy to release them from their bankruptcy status. Its director Juanita Mohd Said stated that this follows amendments made to the Insolvency Act (Amended) 2023 (A1695), which had been enforced since Oct 6 last year. “Until May this year,...