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Khazanah, PNB, Petronas likely to be under PM's Office

PETALING JAYA: Khazanah Nasional Bhd and Petroliam Nasional Bhd (Petronas) will come under the purview of the Prime Minister’s Office (PMO) under the new government structure, and not under the newly formed Economic Affairs Ministry (MEA). Sources said Permodalan Nasional Bhd (PNB) will also come under the PMO, while there is deliberation to dissolve the Minister of Finance Inc (MoF Inc).

Khalid said to have resigned as Prasarana chairman

Sources said that Khalid, 61, tendered his resignation on Monday. The former inspector-general of police was made chairman in September last year following his retirement from the police force.

Former IGP Tan Sri Khalid Abu Bakar was made chairman of Prasarana in September last year following his retirement from the police force.

Finance Minister sees GDP growth easing to about 5%

KUALA LUMPUR: Finance Minister Lim Guan Eng pared back expectations for economic growth for this year to about 5% as the export-reliant nation braces for knock-on effects of a brewing trade war.

Malaysia's economy to grow at slower pace of about 5%, says Finance Minister Lim Guan Eng

1MDB scandal costs Malaysia RM50bil

KUALA LUMPUR: Malaysia would have been able to go ahead with the shelved mega-projects if not for the 1Malaysia Development Bhd (1MDB) scandal and other “mini 1MDBs” that are plaguing the country, said Finance Minister Lim Guan Eng. The scandal alone costs Malaysia RM50bil, says Finance Minister

KUALA LUMPUR: Finance Minister Lim Guan Eng (centre) visiting a exhibition during National Tax Conference 2018 'Taxation in a Changing Economy' at Kuala Lumpur Convention Centre, yesterday Also present were Chief Executive Officer Lembaga Hasil Dalam Negeri Malaysia (LHDN) Datuk Seri Sabin Samitah (right) and Secretary General of Treasury Datuk Seri Dr Ismail Bakar  - Bernama

Uncovering the true nature of public debt

FOLLOWING the sea change in government with the new Pakatan Harapan coalition in place, many observers are paying intense and critical attention to fathoming the true nature and size of the Malaysian government’s public debt obligations.

And large loans linked with the High Speed Rail Link and the East Coast Railway Link Project were not highlighted in the government’s Economic Report or the Budget presentation.