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Diesel Subsidy Rationalisation To Save Govt Up To RM7.5 Bln A Year -- Amir Hamzah

KUALA LUMPUR, Jan 9 (Bernama) -- The implementation of diesel subsidy rationalisation is expected to provide annual savings of between RM7.2 billion and RM7.5 billion, up from the RM4 billion in savings projected last year, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Dewan Negara Passes Five Bills Related To Business Activities In Labuan

KUALA LUMPUR, Dec 18 (Bernama) -- The Dewan Negara has passed five bills under the Ministry of Finance related to business activities in Labuan, namely the Labuan Business Activity Tax (Amendment) (No.2) Bill 2024 and the Labuan Companies (Amendment) Bill 2024.

Google, Microsoft Applaud Malaysia’s Approach To Building AI Infrastructure, Roadmap

KUALA LUMPUR, Nov 23 (Bernama) -- Google has applauded Malaysia’s approach to building artificial intelligence (AI) infrastructure under the leadership of Prime Minister Datuk Seri Anwar Ibrahim, with the technology giant investing US$2 billion in the country.

Two-year MADANI Govt: Turning Challenges Into Accomplishments

KUALA LUMPUR, Nov 21 (Bernama) -- In just two years of being in power, the MADANI government has reached a pivotal turning point in Malaysia's economic reforms, alongside efforts to address inefficiencies in state-owned entities, building on the resilient economic foundation laid in its first year.

PM Anwar Meets With Google, Discusses Boosting AI And Data Centre Ecosystem

LIMA (Peru), Nov 15 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim held a discussion with technology giant Google in the capital of Peru on Thursday, focusing on data centres and artificial intelligence (AI).

Govt Should Adopt Fair Market Price for Targeted RON95 Subsidies - Economist

BANGI, Oct 24 (Bernama) -- To implement RON95 petrol targeted subsidies, the government has been urged to adopt an approach that maintains market prices, making essential goods more affordable while still offering the necessary support to those in need.

7,400 Companies Using E-invoice System; 58 Mln E-invoices Issued As At Oct 14 -- MoF

KUALA LUMPUR, Oct 23 (Bernama) -- A total of 7,400 companies have adopted the e-invoice system, with 58 million e-invoices issued as of Oct 14, 2024, according to the Ministry of Finance (MoF).

Diesel Subsidy Claims Down By 51.6 Pct In August Vs May -- Economy Ministry

KUALA LUMPUR, Oct 22 (Bernama) -- Diesel subsidy claims by oil companies for August 2024 have decreased by 51.6 per cent against claims in May 2024 since the June 10 2024 implementation of targeted diesel subsidy, said the Economy Ministry.

Govt Mulling Utilising Databases, E-Wallets For Two-Tier RON95 Subsidies

KUALA LUMPUR, Oct 21 (Bernama) – The government is considering using databases linked to identification cards, along with e-wallets and debit cards as part of the mechanism for the two-tiered pricing system for RON95 petrol subsidies.

Anwar Unveils Substantial Budget 2025, Catalyzing Economy, Hastening Reforms

KUALA LUMPUR, Oct 18 (Bernama) -- Budget 2025 worth RM421 billion, the biggest in history, is strategically aligned with the MADANI Economy framework, focuses on attracting high-quality investments, stimulating business opportunities, undertaking projects for the wellbeing of the rakyat and not impacting their affordability in purchasing essential goods and services.

Nikkiso CE&IG Receives Ammonia Fuel Supply System Approval From ABS

KUALA LUMPUR, Sept 30 (Bernama) -- Nikkiso Clean Energy & Industrial Gases (CE&IG), part of Nikkiso Co Ltd Industrial Division has received approval in principle (AIP) from ABS for a new ammonia fuel supply system (FSS).

Budget 2025: CTIM Calls For Reevaluation Of Individual-based Income Tax Model

KUALA LUMPUR, Sept 26 (Bernama) -- The Chartered Tax Institute of Malaysia (CTIM) has proposed that the government redefine the current classifications of the B40, M40, and T20 income tax models to reflect the evolving economic landscape.