financeministry

Lessons from the MMC-Gamuda, Finance Ministry tiff

COMMENT | One can, perhaps, forgive MMC-Gamuda for going ballistic as fear can germinate in the market.
  Phar Kim Beng

Yoursay: At least, the finance minister not an expert in ‘stealing’ assets

YOURSAY | There are atrillion’ reasons why Harapan is now selling assets.
  Yoursay

Yoursay: Finance Ministry, don’t back down to MMC-Gamuda

YOURSAY | ‘Unless, that is, MMC-Gamuda comes back with an offer that the gov’t cannot refuse.’
  Yoursay

The middle and wise road MMC-Gamuda must take note of

COMMENT | In private-public partnership, both companies need to bear in mind the principles and spirit of their founders.
  Rais Hussin

RM5.22b saved in MRT2 cost after renegotiation, says Lim

The finance minister says this comes after its cost rationalisation exercise of the project since May 2018.

  Bernama

Guan Eng: I could end up most unpopular finance minister ever

INTERVIEW | With a 'difficult' budget ahead, he urges M'sians to sacrifice to help the nation regain financial health.
  Geraldine Tong

AG behind Guan Eng's acquittal, just 'outsourced' task, says Umno man

Puad Zarkashi alleges 'invisible hands' at play in decision to drop graft charges against finance minister.

Civil servants to receive bonuses only when gov't can afford it

UPDATED 6.17PM | PARLIAMENT | Deputy minister says such payments cannot be given while gov't is in debt. 
  Kow Gah Chie

MOF announces appointment of new Prasarana boss

Guan Eng: He will also play a major role in restructuring the company.
  Bernama

Guan Eng: Irwan ignored IRB's call to transfer funds for tax refunds

Despite IRB's written request in 2016, the Finance Ministry committee which Irwan chaired did not execute transfers to the Tax Refund Fund.

Ministry - Petron appointed to fuel 'healthy competition'

UPDATED 8.01PM | Finance Ministry states Petronas and Shell have been fuel providers since 1997 and will continue to do so.

Gov't debts exposed as reminder to manage finances prudently, Senate told

PARLIAMENT | Deputy finance minister says RM1 trillion revelation is not meant to tarnish image of previous gov't.
  Bernama

From now on, ministries need to prepare budget from scratch

UPDATED 4PM | MOF special officer Tony Pua says the era of 'copy-and-paste budget' is no more.
  Hariz Mohd

Guan Eng reveals yet another RM16b in unreturned tax refunds

Income and real property gains tax refunds are owed to more than 1.6m taxpayers, says finance minister.  

We're not usurping Finance Ministry's powers, says Economic Affairs Ministry

UPDATED 7.02PM | PARLIAMENT | It says a differentiation should be made between share ownership and management operations.

MOF: No SST for construction services, building materials

Minister Lim Guan Eng hopes the abolition of GST and exemption of SST will ease the pressure on house, building prices.

Gov't seeks to reallocate funds to 14 ministries

Economic Affairs Ministry to receive the bulk of reallocated funds for management and development.
  Geraldine Tong

MOF wants Arul to reimburse RM2.5m

Putrajaya now wants to retrieve the first half of 1the MDB boss' golden parachute.
  Anne Muhammad

Guan Eng: Offer to resign by Khazanah MD, directors a 'smart move'

UPDATED 5.52PM | The departure of Azman Mokhtar and eight other board members will allow the PM some choice, says the finance minister.
  Kow Gah Chie

Yoursay: Spreading cabinet workload is separation of powers at work

YOURSAY | ‘Lump everything in Finance Ministry and you get a repeat of what happened before.’
  Yoursay

Azmin disagrees Guan Eng's role reduced to 'bookkeeper'

He rejects the 'MCA version' and declines comment on the claim made by Ayer Hitam MP Wee Ka Siong.
  Kow Gah Chie

SST to be set at 6pct for services, 10pct for sales

According to finance minister, SST bill is expected to be passed in August and implemented in September.
  Bernama

Guan Eng: No more strong-arm tactics by IRB

Finance minister promises civilised discussions with defaulters, no more armed office raids by IRB.
  Alyaa Alhadjri

Putrajaya greenlights LRT3 after halving cost​​​​​​​

UPDATED 10.45AM | Finance minister says total project cost project was whittled down by 47 pct to RM16.63b.

Yoursay: Guan Eng is right on financial transparency

YOURSAY | Let us call a spade a spade and work towards expunging the debt.
  Yoursay

Gov't 'forced' to bail out TRX to the tune of RM2.8b

UPDATE 4PM | Putrajaya's options are either to plug the RM2.8b hole, or pay RM3.51b in compensations and deal with an eyesore.
  Koh Jun Lin

RM400 Aidilfitri bonus for mosque officials and Kafa teachers

This will cost the public RM26.6 million, says finance minister.
  Bernama

‘Unpopular’ finance minister? So be it, says Guan Eng

The DAP sec-gen says brutal truth is better than 'creative' lies when it comes to country's finances.
  M Saraswathi, Bernama

Dust yet to settle with ongoing probe at Finance Ministry

Documents still being dissected in a 'painful but necessary' process, says Finance Minister Lim Guan Eng. 
  M Saraswathi, Siti Radziah Hamzah & Nurul Hanis Izmir, Bernama

MOF: Najib only announced Raya bonus, but set no money aside

Budget 2018 announcement on RM1,500 bonus still needs parliamentary approval.
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