KUALA LUMPUR, Dec 21 — Implementing a 10 per cent sales tax on low-value goods (LVG) costing RM500 and below sold online will enable local businesses to market their products of the same quality at an even selling price, thus boosting consumer demand.

KUALA LUMPUR, Dec 21 — The government has agreed to waive toll charges on December 23 and December 26 for highway users of all categories of vehicles in conjunction with Christmas on Monday (December 25), said Deputy Works Minister Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Dec 18 — The sales tax on imported low-value goods (LVG) sold online, which will take effect on January 1 next year, is aimed at levelling the playing field for local businesses, according to the Finance Ministry (MOF).

KUALA LUMPUR, Dec 13 — The government has established a committee to review the Petroleum (Income Tax) Act 1967 (PITA), said Deputy Finance Minister Lim Hui Ying.

KUALA LUMPUR, Dec 12 — The appointment of Datuk Seri Amir Hamzah Azizan as Finance Minister II will be positive for the financial and capital markets, as well as building confidence among investors.

PUTRAJAYA, Dec 12 — Prime Minister Datuk Seri Anwar Ibrahim said Datuk Seri Dr Dzulkefly Ahmad’s experience is essential to strengthen the Health Ministry.

KUALA LUMPUR, Dec 12 — The new chief executive officer (CEO) of the Employees Provident Fund (EPF) will be announced in due course after the appointment of Datuk Seri Amir Hamzah Azizan as Finance Minister II, effective today.

PUTRAJAYA, Dec 6 — A total of 6.5 million eMadani credit assistance applications have been approved and credited to recipients, involving a RM650 million allocation thus far, said Deputy Finance Minister Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Dec 4 — The Finance Ministry advises members of the public to be cautious of offers by irresponsible parties providing cash-out or peer-to-peer transfers of eMadani credit.

KUALA LUMPUR, Nov 30 — The government is expected to bear approximately RM369 million in treatment costs yearly in 2030 for e-cigarette or vaping product use-associated lung injury (Evali) cases, if no legal controls are in place.

KUALA LUMPUR, Nov 29 — The Foreign Ministry is actively making necessary preparations to evacuate Malaysian citizens stranded in Laukkaing, Myanmar, following the outbreak of civil war on October 27.

PONTIAN, Nov 25 — The government still has a balance of funds from Budget 2023 involving development expenditure (DE) and operating expenditure (OE), which should be used until the year's end.

KUALA LUMPUR, Nov 23 — Any new additional pre-retirement withdrawals, whether targeted or open, will further exacerbate the issue of insufficient retirement savings, which is currently at a very alarming level, said the Finance Ministry.

PUTRAJAYA, Nov 23 — The Employees Provident Fund’s Shariah savings assets will be completely separated from conventional savings assets, effective January 1, 2024.

KUALA LUMPUR, Nov 17 — Malaysia’s encouraging performance in the third quarter (3Q) of 2023 provides a strong signal for a positive trajectory to achieve the resilience needed to support the restructuring of the economy intended under the Madani Economy initiatives, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Nov 8 — The Employees Provident Fund (EPF) has allocated RM97 billion, or 83 per cent of its total fund allocation, for domestic investments this year, the Finance Ministry (MOF) said.

KUALA LUMPUR, Nov 8 — The government is expected to collect about RM800 million in annual revenue from the implementation of the capital gains tax (CGT) effective March 1, 2024, based on share ownership transfer trends in recent years, said the Finance Ministry (MOF).

KUALA LUMPUR, Nov 1 — The fourth and final phase of the ‘Sumbangan Tunai Rahmah’ (STR) cash assistance for this year will be distributed before the Deepavali celebration in stages beginning November 7 with a RM2.1 billion allocation benefitting 5.5 million recipients.

KUALA LUMPUR, Nov 1 — Mobile network operators (MNOs) and Digital Nasional Bhd (DNB) are expected to sign a share subscription agreement (SSA) this month, said Communications and Digital Minister Fahmi Fadzil.

KUALA LUMPUR, Oct 26 — The government does not intend to abolish the windfall profit levy (WPL) on the palm oil industry at the moment, said the Ministry of Finance (MoF).