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 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.

We have been talking about the Employees Provident Fund (EPF) RM10,000 Special Withdrawal for a while now. Initially scheduled for 20 April 2022, it was announced by Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz that the EPF will begin disbursing the payments today (18 April).

A few days, ago, we reported that the Malaysian government is working on making 5G service more affordable than 4G. How they plan to do it is anyone's guess, but Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz just made an official announcement today about the cost.

So this just came in - according to sources, Finance Minister, Datuk Seri Tengku Zafrul Tengku Abdul Aziz has decided to increase the eWallet allowance of RM50 to RM100. 1.1 million Malaysian students are now eligible and Bernama also confirmed this news just a while ago on their Twitter page.