News & Reviews:   finance minister

Caretaker Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has lauded the implementation of the Digital Nasional Bhd (DNB) 5G access agreement, saying that it will enable mobile network operators (MNOs) in our country to save up to RM30 billion over the next decade. The agreement is the world’s first single wholesale 5G network and allows MNOs to save on infrastructure construction costs.

Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz has revealed that all 6 local telcos have reached a consensus on the access agreement with Digital Nasional Berhad (DNB) to lease 5G services. The telco companies are Telekom Malaysia (TM), YTL Communications Sdn Bhd (YES), Digi Telecommunications Sdn Bhd, Celcom Axiata Bhd, Maxis Bhd and U Mobile Sdn Bhd.

Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz has assured Malaysians that the decision by two Mobile Network Operators (MNO) to reject holding stakes in Digital Nasional Berhad (DNB) doesn’t have a huge financial impact on the government. This is because there are several local and foreign banks that are ready to finance the 5G network implementation in Malaysia.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz today revealed that foreign telecommunication companies are ‘queuing up’ for access to Malaysia’s 5G single wholesale network under his ministry’s Digital Nasional Berhad (DNB). However, he said that local established telcos should be given the first bite. 

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has revealed that the government is willing to consider fiscal incentives to assist local telco companies in transitioning to 5G. These incentives are meant to mitigate any short-term commercial consequences of providing 5G services to their customers.

It's been almost two months since the Malaysian government had offered the telcos (Celcom, Digi, Maxis and U Mobile) an equity stake in Digital Nasional Berhad (DNB). However, it has become clear that the discussions among themselves have not been going well.

Today, our Minister of Finance, Datuk Tengku Zafrul Aziz told the media that MyDIGITAL will oversee the cashless payment to be made for all government services. The government is targetting by the year 2022 and it will be part of the Industrial Revolution 4.0 path.

All of you must have known that our government is distributing e-wallet credit again as the MySejahtera app has crashed earlier due to a large number of sign-ups (haha~). It looks like things just got better as the finance minister has announced that they are increasing the total value of RM50 as previously announced to RM100!

Based on a statement by Finance Minister Lim Guan Eng, all private information received during the e-Tunai Rakyat initiative are kept confidential by Khazanah Nasional Berhad. The aforementioned entity is a government-owned wealth and fund investment company, which does not operate similar to that of a private company.