UPDATED 7.02PM | PARLIAMENT | It says a differentiation should be made between share ownership and management operations.
Minister Lim Guan Eng hopes the abolition of GST and exemption of SST will ease the pressure on house, building prices.
Economic Affairs Ministry to receive the bulk of reallocated funds for management and development.
Putrajaya now wants to retrieve the first half of 1the MDB boss' golden parachute.
UPDATED 5.52PM | The departure of Azman Mokhtar and eight other board members will allow the PM some choice, says the finance minister.
YOURSAY | ‘Lump everything in Finance Ministry and you get a repeat of what happened before.’
He rejects the 'MCA version' and declines comment on the claim made by Ayer Hitam MP Wee Ka Siong.
According to finance minister, SST bill is expected to be passed in August and implemented in September.
Finance minister promises civilised discussions with defaulters, no more armed office raids by IRB.
UPDATED 10.45AM | Finance minister says total project cost project was whittled down by 47 pct to RM16.63b.
YOURSAY | Let us call a spade a spade and work towards expunging the debt.
UPDATE 4PM | Putrajaya's options are either to plug the RM2.8b hole, or pay RM3.51b in compensations and deal with an eyesore.
This will cost the public RM26.6 million, says finance minister.
The DAP sec-gen says brutal truth is better than 'creative' lies when it comes to country's finances.
Documents still being dissected in a 'painful but necessary' process, says Finance Minister Lim Guan Eng.
Budget 2018 announcement on RM1,500 bonus still needs parliamentary approval.
INTERVIEW | My task is to heal the nation by healing the country's financial condition, says the finance minister.
INTERVIEW | The sum will not be enough to cover the hole, but it made us better Malaysians, says new finance minister.
Apart from 1MDB, he says, MOF's secret files shed light on deals that put the gov't on the losing end.
COMMENT | The gov't will be rationalising federal gov't expenditure and obtaining extra revenue through various means.
INTERVIEW | Clear assessment of contingent liabilities and public-private partnerships needed, says Shankaran Nambiar.
Wan Azizah says Lim Guan Eng's appointment as finance minister a good sign for racial integration in M'sia.
Finance minister's query is in reference to a phase under which 1MDB funds were allegedly misappropriated.
Guan Eng says this is in accordance to a directive from the prime minister.
More important for new gov't to show its commitment to transparency, says finance minister.
COMMENT | By recognising our true debt situation, the gov't can take concrete actions to strengthen our finances.
UPDATED 7.58PM | Lim Guan Eng says the funds were used to service 1MDB's debts to IPIC.
MOF redeems RM1.2b from Khazanah on date when US$310m paid to IPIC.
Finance minister wants PWC to determine 1MDB's financial standing.
UPDATED 8.45PM | 'We have instructed ministry officials to take possession of the building as shareholders.'
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