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Govt mulls reintroducing GST, consumption tax models
KUALA LUMPUR: The government is studying the feasibility of the re-implementation of the Goods and Services Tax (GST) or other consumption tax models.
Politics and pandemic – a test for the economy
THE acronym PEP often refers to Politically Exposed Person and those in the financial market or those in compliance or risk management would know that when dealing with a PEP, extra precautions are needed before entering into any form of transactions or dealings. A PEP has a higher risk factor when it comes to corruption or bribery. However, this week’s column is not about PEP in that sense, but in a different form.
Higher debt temporary and manageable, Bank Negara says
KUALA LUMPUR: The plan to increase the country's statutory debt limit to 60 per cent of the Gross Domestic Product (GDP) from 55 per cent is temporary and can be managed by the government.
Banks have enough capacity to extend moratorium
KUALA LUMPUR: Banks in the country are capable of extending the targeted moratorium period from October to December 2020, as they have adequate buffers.
Engagement sessions on 12th Malaysia Plan ongoing
KUALA LUMPUR: The engagement session between the state government, ministries and related agencies on improvements to the 12th Malaysia Plan (12MP) is still ongoing and expected to be completed soon, said Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed.
Finance Ministry to settle GST refund arrears by this year
KUALA LUMPUR: The Ministry of Finance will settle the Goods and Services Tax (GST) refund arrears totalling RM4.763 billion by the end of the year.
Banks could lose capacity to provide RM79b loans due to moratorium
KUALA LUMPUR: Banks could see a reduction in their capacity to disburse new loans worth RM79bil over the six-month moratorium period from April to September.
Govt exploring options to raise national income, says Tengku Zafrul
PETALING JAYA: The government will continue to explore various options to increase the national income including diversification of revenue sources, says Finance Minister Tengku Datuk Seri Zafrul Aziz.
Felda discussing RM2.5b sukuk
PETALING JAYA: The Federal Land Development Authority (Felda) is in discussions with the Finance Ministry over the issuance of a government-guaranteed sukuk to finance the restructuring of its loans worth RM2.5bil, the Dewan Rakyat heard yesterday
‘TNB sell-down overdone’
KUALA LUMPUR: Kenanga Investment Bank Research views the recent sell-down of Tenaga Nasional Bhd over a tax dispute as overdone given that it is not an operational issueKUALA LUMPUR: Kenanga Investment Bank Research views the recent sell-down of Tenaga Nasional Bhd over a tax dispute as overdone given that it is not an operational issue
