Under expansion, selected discretionary items subject to sales tax rates of five, 10 pct, says Lim

Legislation to establish consistent regulatory framework for credit industry players

Broader powers enable Consumer Credit Commission to safeguard consumers, says deputy minister

Putrajaya committed to enforcing implementation of open tender procurement to ensure no leakages in govt contracts, says MOF's Lim

Deputy minister says still too early to assess full effect of expanded tax scope

MOF says move to be implemented via federal development projects

Deputy minister says buying planes won’t impact fiscal deficit either, and will help govt cover development expenditures

Insolvency Dept says new public officers must undergo personal financial management programme

Debt remains manageable as users generally exhibit good financial discipline, says Lim

Deputy minister says measure only applies to new members, but existing ones can opt in

KUALA LUMPUR, July 29 — Household debt stood at RM1.65 trillion as of the end of March, equivalent to 84.3 per cent of the nation’s gross domestic product (GDP).

GEORGE TOWN, July 26 — The Finance Ministry (MOF) has urged the public to be cautious of fraudulent attempts linked to the one-off RM100 cash assistance under the Sumbangan Asas Rahmah (Sara).

By Yasmin Ramlan KUALA LUMPUR, July 23 — Malaysia’s economy remains resilient and on a steady growth path, with the 2025 outlook expected to stay positive, Deputy Finance Minister Lim Hui Ying told the Dewan Rakyat today. In the first quarter of 2025, she said Malaysia’s gross domestic product...

By Danial Dzulkifly KUALA LUMPUR, July 21 — The Dewan Rakyat today passed the Consumer Credit Bill 2025, paving the way for a unified regulatory framework to oversee non-bank lenders, including buy now, pay later (BNPL) service providers and debt collection agencies. In her wind-up, Deputy...

KUALA LUMPUR, July 21 — The volume of buy now, pay later (BNPL) transactions has increased from 83.8 million in the second half (H2) of 2024 to 102.6 million in H1 this year.

GEORGE TOWN, June 21 — Approximately 4.8 million out of 5.4 million recipients of the Sumbangan Asas Rahmah (Sara) aid have used their MyKad to purchase basic necessities at registered premises nationwide as of this month.

GEORGE TOWN, June 8 — 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.

GEORGE TOWN, May 23 — Approximately 293 million e-invoices have been successfully issued as of this month since the system was launched in August 2024, said Deputy Finance Minister Lim Hui Ying.

KUALA LUMPUR, March 12 — Approximately 26,665 companies have used the e-invoice system since it was implemented in August last year, with 207.4 million e-invoices issued as of March 10, said Deputy Finance Minister Lim Hui Ying.

KUALA LUMPUR, Feb 26 — A detailed study needs to be conducted to better understand the issue surrounding the differences in private hospital treatment charges between patients using guarantee letters and those who pay upfront before making reimbursement claims, said Deputy Finance Minister Lim Hui...