Govt Cancels High-value Goods Tax Implementation - MOF
KUALA LUMPUR, July 30 (Bernama) – The government has decided not to proceed with the implementation of the high-value goods tax (HVGT), according to the Finance Ministry (MOF).
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MOF To Facilitate Industries In SST Transition Period
KUALA LUMPUR, July 4 (Bernama) – The Finance Ministry (MOF) has agreed to provide transitional support to industry players during the change in the scope of the Sales and Service Tax (SST), following feedback regarding difficulties in complying with all operational requirements.
CIMB Commits Over RM100 Mln To Upskill Workforce This Year
KUALA LUMPUR, July 3 (Bernama) -- CIMB Group Holdings Bhd aims to accelerate its investment in training and development for its workforce, with over RM100 million committed for 2025 to focus on skills in digital technology, artificial intelligence (AI), data and sustainability.
Except For Apples And Oranges, Other Imported Fruits Taxable Under Expanded SST - Treasury Sec-gen
KUALA LUMPUR, June 27 (Bernama) -- Apples and oranges are exempted from the expanded Sales and Service Tax (SST) as these fruits cannot be cultivated in Malaysia and are widely consumed by the public, says Treasury secretary-general Datuk Johan Mahmood Merican.
Govt Considers Introducing Basic Insurance Scheme - Amir Hamzah
KUALA LUMPUR, June 26 (Bernama) — The government is considering introducing a basic insurance scheme to help reduce the impact of rising medical costs, which has become a growing concern among the public, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
MADANI Economic Reform Agenda Yielding Results
PUTRAJAYA, June 20 (Bernama) – The MADANI economic reform agenda has yielded results, said Prime Minister Datuk Seri Anwar Ibrahim.
Govt Committed To Reducing National Deficit - Anwar
PUTRAJAYA, June 20 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the government is committed to consistently reducing the country's fiscal deficit to ensure a more sustainable economy and to maintain investor confidence.
GST Not Suitable For Implementation Yet Because Rakyat's Income Still Low - PM Anwar
PUTRAJAYA, June 20 (Bernama) -- The Goods and Services Tax (GST) is an efficient and transparent taxation system, but it is not yet suitable for re-implementation because the rakyat’s income threshold is still low, said Prime Minister Datuk Seri Anwar Ibrahim.
LUNAS Strengethens Strategic Partnership With STM Turkiye At LIMA’25
KUALA LUMPUR, June 13 (Bernama) -- Lumut Naval Shipyard Sdn Bhd (LUNAS) continues its drive to be a major national defence industry player by signing a memorandum of understanding (MoU) with famous Turkish defence engineering firm Savunma Teknolojileri Muhendislik ve Ticaret A.S. (STM).
SST: Property Sector To Be Cushioned By Demand For Industrial Properties -- RHB
KUALA LUMPUR, June 12 (Bernama) -- The overall impact of the revised sales and service tax (SST) on the property sector can be cushioned by the “healthy” demand for industrial properties, said RHB Investment Bank Bhd.
e-invoice System Postponed After Considering Business Owners' Concerns - Lim
GEORGE TOWN, June 8 (Bernama) – The government has postponed the implementation of the e-invoice system after weighing the concerns of business owners, particularly the micro, small, and medium enterprises (MSMEs), said Deputy Finance Minister Lim Hui Ying.
MIDF Amanah Anticipates RON95 Fuel Subsidy Rationalisation To Be Pushed To 4Q 2025
KUALA LUMPUR, May 29 (Bernama) -- MIDF Amanah Investment Bank Bhd anticipates the implementation of RON95 fuel subsidy rationalisation may be pushed to the fourth quarter of 2025 due to unresolved issues such as eligibility and the delivery mechanism.