ITOs Must Submit Information To BNM Before Implementing Premium Readjustments — Lim Hui Ying

KUALA LUMPUR, Nov 6 (Bernama) -- Insurers and takaful operators (ITOs) are required to submit all necessary information to Bank Negara Malaysia (BNM) for review before implementing premium readjustments, said Deputy Finance Minister Lim Hui Ying.

MOF: 8,700 SARA Partner Stores As Of Nov 3, Up From 700 In 2024

KUALA LUMPUR, Nov 5 (Bernama) -- The number of Sumbangan Asas Rahmah (SARA) partner stores increased to 8,700 outlets as of Nov 3, 2025, up from 700 outlets in 2024, said Deputy Finance Minister Lim Hui Ying.

Excess Tax Payments Cannot Be Used To Offset Future Liabilities -- Lim

KUALA LUMPUR, Nov 3 (Bernama) -- The Inland Revenue Board (LHDN) does not allow companies to offset excess tax payments against future tax liabilities, said Deputy Finance Minister Lim Hui Ying.

Malaysia Strengthens Economic Partnership With China Under Belt And Road Initiative -- Lim

KUALA LUMPUR, Oct 29 (Bernama) -- Malaysia remains committed to strengthening its economic partnership with China under the Belt and Road Initiative (BRI), Deputy Finance Minister Lim Hui Ying said.

Govt Saves RM20 Bln In Two Years Through Fiscal Consolidation -- Lim

KUALA LUMPUR, Oct 8 (Bernama) -- The government’s efforts to implement fiscal consolidation to reduce the deficit have succeeded in saving RM20 billion in borrowings over two years, said Deputy Finance Minister Lim Hui Ying.

Govt Reviewing Proposal To Introduce New EPF Structure - Lim

KUALA LUMPUR, Oct 8 (Bernama) — The government is still reviewing and studying a proposal to introduce a new structure for the Employees Provident Fund (EPF) accounts that would be implemented on contributors reaching the minimum retirement age, said Deputy Finance Minister Lim Hui Ying.

NCT, NGX Launch RM1.10 Bln GDV NCT InnoSphere In Kedah

BUKIT KAYU HITAM, Sept 29 (Bernama) -- NCT Group of Companies (NCT Group), in collaboration with Northern Gateway (NGX), has launched the RM1.10 billion gross development value (GDV) Managed Integrated Smart Industrial Park, NCT InnoSphere, in Kedah.

SST Expanded, Low-value Goods Tax Retained To Ensure Stable Revenue, Fair Competition - Lim

KUALA LUMPUR, Sept 10 (Bernama) -- The government has taken steps to ensure national revenue remains stable by expanding the scope of the Sales and Service Tax (SST) and retaining the low-value goods tax (LVGT) to ensure fair competition, according to Deputy Finance Minister Lim Hui Ying.

Consumer Credit Act 2025 To Be Gazetted By Year-end

PUTRAJAYA, Sept 5 (Bernama) -- The Consumer Credit Act 2025 (RUUKP) is expected to be gazetted by the end of this year, providing a more comprehensive protection for consumers through the regulation of excessive charges and the enforcement of ethical debt collection practices.

Procurement, Consumer Credit And Anti-Dumping Bills Passed Reflecting The MADANI Reform Agenda

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Aug 29 (Bernama) -- The Dewan Rakyat ends the Second Meeting of the Fourth Session of the 15th Parliament today after sitting for 24 days, reflecting the MADANI Government's commitment to strengthen the integrity of fiscal governance, protect local industries from unfair trade practices and create more comprehensive consumer credit regulation.

Dewan Rakyat Passes Three Ministry Of Finance Motions

KUALA LUMPUR, Aug 28 (Bernama) --  The Dewan Rakyat today passed three motions from the Ministry of Finance with a majority voice vote in support.

Overall Impact Of SST Implementation On Households Estimated To Be Low And Manageable -- Lim

KUALA LUMPUR, Aug 26 (Bernama) -- The overall impact of the Sales and Service Tax (SST) implementation on households is estimated to be low and manageable, based on early Ministry of Finance (MOF) projections, said Deputy Finance Minister Lim Hui Ying.