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Monday, October 21, 2019

Tag: Finance Minister

Give up control of Utar, TAR UC to get RM30 mil...

The finance minister says Putrajaya will reinstate funding of RM30 million for this year and next if MCA's trustees relinquish their posts.

Concerns surround extent of finance ministry’s powers

Malay voters perceive ministry as wielding too much power.

Anwar says OK for non-Malay to be finance minister

Those handling the country’s purse strings need not exclusively be Malays, says the PKR president.

I’ve been working on economy, India minister tweets after criticism

Nirmala Sitharaman under pressure to bolster growth and check rising unemployment rate.

Strong GDP growth proves Malaysia’s resilience, says Guan Eng

The finance minister says the 4.9% growth in the second quarter of this year has beaten market expectations.

Finance ministry’s NFCorp suit driven by politics, claims Najib

Former PM says it is strange that the finance ministry does not want to approve takeover plans for the National Feedlot Corporation project and instead prefers to take civil action against the company.

Pakistan finance minister quits amid IMF talks, Khan reshuffle

Asad Umar has been a subject of negative media campaigns from unnamed government sources.

Malaysia records 48% jump in FDI for 2018

Foreign investors intend to pump in RM80.5 billion across all sectors.

Race, religion irrelevant in posts for executive and judiciary, says Bar

It says it is 'appalled' over former de facto law minister Nazri Aziz's statement during Semenyih campaign.

EPF dividends surpasses expectation, says Guan Eng

The finance minister says the 'extraordinary' payout for 2018 proves that the economy is healthy.

Ex-Malakoff project director Yazid appointed MRT Corp CEO

He will be responsible for managing and implementing MRT2 within the stipulated time frame and cost, says Finance Minister Lim Guan Eng.

Don’t make a mountain out of ECRL issue, says Guan Eng

Finance Minister Lim Guan Eng says the Cabinet will make an official announcement on the status of the mega-rail project next week.

Special payment for civil servants to be disbursed on Dec 18

Officers below Grade 54 will get RM500 and pensioners will get RM250, the Public Service Department said.

Victoria Rodriguez to be deputy Mexican finance minister

Mexico will push for a larger primary budget surplus next year to shore up investor confidence after the main stock index fell to its lowest level since 2014.

Lim: 7-fold increase in govt funds due to ‘good financial management’

He says this has allowed Putrajaya to pay RM8 billion in salaries, pensions of civil servants and bonuses.

Indonesia considers whether more steps needed to support rupiah

The rupiah has been under renewed pressure this week after global oil prices rose.

Italy’s Tria may quit after budget approval, Messaggero says

The rancorous talks resulted in a budget deficit target of 2.4% of output for 2019 rather than the 1.6% Tria had reportedly been seeking.

Impossible RM19 billion missing from GST refunds, says ex-second finance minister

Not all claims are payable yet due to their status as 'supply funds', says Johari Abdul Ghani.

Guan Eng says Najib deflecting issues with 17 questions

The finance minister says the former leader has yet to answer his queries on the balance of funds when the new government took over.

Malaysia can grow 5% and handle its debts, says Guan Eng

Lim Guan Eng says he is willing to be the most unpopular finance minister in Malaysian history in order to see through the tough fiscal measures.

Govt expects changes in housing prices after SST exemption

Finance Minister Lim Guan Eng says car prices had dropped since the implementation of the SST and the same should also apply for the housing sector.

Italy vows small budget improvements, expects positive EU talks

The EU demands that Italy cut spending this year and next to reduce its debt pile, making a so-called structural effort in 2019 equal to 0.6% of its GDP.

‘Rule of law’ still allows AG to reverse decisions, says Sivarasa

The deputy minister says charges brought by the previous AG against many individuals, not just Lim Guan Eng, have also been withdrawn.

‘Regular seafood’ now SST-free

Lim Guan Eng says there had been an oversight when the finance ministry lumped together regular and luxury seafood.