BATU KAWAN, Sept 22 — The government has no plans, for now, to review the rounding system to the nearest five sen, which has been in place since 2008.
Finance Minister II Datuk Seri Amir Hamzah Azizan said the current system is functioning well and does not disrupt business operations in the country.
“I think for now, the current system still applies, so let the system continue as it does not affect existing businesses,” he told reporters briefly after chairing the Budget 2026 Roadshow Programme here today.
He was commenting on local media reports suggesting the rounding mechanism to the nearest five sen be reviewed, as it disadvantages consumers while benefiting merchants, especially now that most payments are online.
The rounding system was announced by Bank Negara Malaysia (BNM) and took effect on April 1, 2008, to facilitate cash transactions following the withdrawal of one sen coins from circulation.
Earlier, the Finance Ministry (MOF) continued efforts to involve various parties in the preparation of Budget 2026 through the roadshow, aimed at obtaining direct feedback from industry players and local stakeholders, which will serve as key input in drafting the Budget.
