Khazanah Has Invested Over RM6 Bln In Developing Medini Iskandar, Desaru Coast - MOF

KUALA LUMPUR, Oct 28 (Bernama) -- Khazanah Nasional Bhd has invested over RM6 billion in the development of Medini Iskandar and Desaru Coast in Johor to date, according to the Ministry of Finance (MoF).

1.12 Mln EPF Members Make Voluntary Contributions Worth RM14.13 Bln As of Aug 2025 - MOF

KUALA LUMPUR, Oct 28 (Bernama) -- A total of 1.12 million Employees Provident Fund (EPF) members have made voluntary contributions worth RM14.13 billion as of August this year, according to the Ministry of Finance (MoF).

BNM Expected To Complete Domestic Wholesale CBDC Proof-of-Concept By Year-End -- MOF

KUALA LUMPUR, Oct 22 (Bernama) -- Bank Negara Malaysia (BNM) is expected to complete its proof-of-concept for a domestic wholesale central bank digital currency (CBDC) by the end of this year.

BNM Boosts Transparency, Requires Banks To Issue Written Notices To Accounts Closed Under AMLA -- MOF

KUALA LUMPUR, Oct 22 (Bernama) -- Bank Negara Malaysia (BNM) has strengthened transparency in the handling of appeals of closed bank accounts by requiring financial institutions to issue written notices to affected account holders, said the Finance Ministry.

Discussions Ongoing On Alternative Incentives For EV Adoption -- Tengku Zafrul

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 16 (Bernama) -- Discussions are underway on alternative initiatives to encourage electric vehicle (EV) adoption following the removal of excise duty exemptions on completely built-up (CBU) EVs starting in 2026, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Govt Received RM20.71 Bln In Settlement Over 1MDB From Three Banks To Date - MOF

KUALA LUMPUR, Oct 15 (Bernama) -- The government and 1Malaysia Development Bhd (1MDB) have reached settlements with three financial institutions, namely, Goldman Sachs amounting to US$3.9 billion (RM16.48 billion), AmBank Group amounting to RM2.83 billion, and JP Morgan (Switzerland) Ltd amounting to RM1.4 billion to date.

Over 11 Mln Malaysians Benefited From BUDI95 Petrol Subsidy As Of Oct 13 - MOF

KUALA LUMPUR, Oct 14 (Bernama) -- The Ministry of Finance (MoF) said the Budi Madani targeted subsidy system for RON95 petrol (BUDI95) has benefited more than 11 million Malaysians, who are enjoying the RON95 petrol price of RM1.99 per litre as of Oct 13, 2025.

Increase In STR, SARA Allocations Proves Govt's Commitment To Strengthen Social Safety Net -- MoF

KUALA LUMPUR, Oct 14 (Bernama) -- The increase in the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) allocations from year to year is proof of the government’s commitment to strengthen the social safety net, according to the Ministry of Finance (MoF).

Ringgit Likely To Appreciate To RM4 Vs US Dollar By Year-End — BNM Governor

KUALA LUMPUR, Oct 13 (Bernama) -- The ringgit could appreciate to RM4 against the US dollar by the end of the year with Malaysia’s bright economic prospects, Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour said today.

Malaysia’s Net Borrowings To Ease In 2026 As Fiscal Consolidation Deepens - CIMB

KUALA LUMPUR, Oct 11 (Bernama) -- Malaysia’s net borrowings are expected to decline slightly in 2026 as further fiscal consolidation under the government’s medium-term fiscal strategy reduces the deficit to RM74.6 billion (2025: -RM76.7 billion), CIMB Investment Bank Bhd said.

MoF Proposes RM1.5 Mln Tax Deduction Extension To Energy And Utilities Msmes For Listing Expenses

KUALA LUMPUR, Oct 10 (Bernama) -- The Ministry of Finance (MoF) has proposed to expand the existing tax deduction for listing expenses — currently set at RM1.5 million and available to technology-based companies and micro, small, and medium enterprises (MSMEs) — to also include MSMEs in the energy and utilities sectors.

MoF Proposes Review Of Tax Incentives For Venture Capital

KUALA LUMPUR, Oct 10 (Bernama) -- The Ministry of Finance (MoF) has proposed to review tax incentives for venture capital companies (VCCs), venture capital management companies (VCMCs), and individual shareholders of VCCs to further encourage investment by VCCs.