KUALA LUMPUR, Oct 26 — The government will continue implementing an open tender process with prequalification selection to expedite important public projects, said Deputy Finance Minister I, Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Oct 13 — The well-being of the rakyat remains the Unity Government's utmost concern and priority, as well as ensuring Malaysia's prosperity benefits all segments of society, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Oct 13 — There is a crucial need for the government to relook, reform and redesign the delivery of social assistance, particularly cash transfers, to ensure inclusive and equitable protection.

KUALA LUMPUR, Oct 13 — The government will improve policies to increase wage growth, including reviewing the minimum wage and relevant laws to warrant a better working environment and exploring the implementation of a progressive wage model.

KUALA LUMPUR, Oct 13 — The choice between the Sales and Service Tax (SST) and the Goods and Services Tax (GST) hinges on Malaysia's economic goals, administrative capabilities, and the need to achieve an optimal balance between revenue generation and the promotion of fairness and equity among the rakyat, said the Finance Ministry (MoF).

KUALA LUMPUR, Oct 13 — Maaysia’s domestic demand is projected to expand by 5.3 per cent in 2024, the Ministry of Finance (MoF) said in its Economic Outlook 2024 report released today.

KUALA LUMPUR, Oct 13 — The Federal government’s revenue collection in 2024 anticipates a marginal growth of 1.5 per cent to RM307.6 billion or 15.6 per cent of gross domestic product (GDP), driven by higher tax collection.

KUALA LUMPUR, Oct 13 — A sum of RM393.8 billion or 19.9 per cent of gross domestic product (GDP) is allocated for Budget 2024, with a large chunk of the amount going to three ministries, Finance, Education and Health, collectively accounting for 42.3 per cent of the total.

KUALA LUMPUR, Oct 11 — The government plans to enact new laws specifically for government open tenders, said Deputy Finance Minister I Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Oct 10 — The Finance Ministry is committed to taking progressive steps to improve Malaysia’s fiscal policy in Budget 2024 to reduce poverty and inequality in the nation.

KUALA LUMPUR, Oct 10 — The Public Finance and Fiscal Responsibility Bill 2023 (RUU KATF 2023) is expected to improve the legal framework for public finance and complement the Financial Procedure Act 1957 (ATK 1957).

KUALA LUMPUR, Oct 10 — The Ministry of Entrepreneur Development and Cooperatives (Kuskop) has guaranteed that appropriate action is being taken against weaknesses pointed out as well as the recommendations in the Auditor-General's Report (LKAN) 2021 on the small and medium enterprise (SME) programme development grant.

KUALA LUMPUR, Oct 10 — The National Audit Department has submitted three recommendations to the government for the Federal Government's Financial Statements for the year ending on December 31, 2022.

KUALA LUMPUR, Oct 10 — Grants for small and medium enterprise (SME) development programmes should be monitored in terms of expenditure performance by the three ministries involved to ensure compliance with financial regulations, said the Auditor-General's Report 2021.

KUALA LUMPUR, Oct 10 — The Federal government’s revenue has increased by 25.9 per cent or RM60.61 billion to RM294.36 billion in 2022, compared to RM233.75 in 2021.

KUALA LUMPUR, Sept 29 — The government will open talks on returning Lembaga Tabung Haji (TH) assets that were transferred to a special purpose vehicle (SPV) owned by the Finance Ministry (MOF) in 2018, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Sept 27 —Malaysia has proposed for the Asian Infrastructure Investment Bank (AIIB) to implement an inclusive financing mechanism to meet the specific needs of developing countries.

BUKIT MERTAJAM, Sept 23 — The Ministry of Finance (MOF) has received 10,000 feedback from the public through the Budget 2024 proposal portal, said its Deputy Minister II Steven Sim Chee Keong.

KUALA LUMPUR, Sept 20 — The Ministry of Finance (MOF) is analysing new proposals and suggestions from several parties for inclusion in Budget 2024 before it is tabled on October 13, 2023, said Deputy Finance Minister I Datuk Seri Ahmad Maslan.

IPOH, Sept 18 — The time is not right to reintroduce the Goods and Services Tax (GST) as the global economy is still slow, Deputy Finance Minister II Steven Sim Chee Keong said.