News & Reviews:   Finance Ministry

Transport Minister Anthony Loke Siew Fook has revealed that the Cabinet will discuss maintaining the service tax for domestic flights at 6% instead of 8% as per the new service tax rates. He added that his Ministry will also discuss the matter with the Finance Ministry (MOF) since taxes fall under the latter’s purview.

Previously, we reported on the new initiative by the Federal Government which would provide RM100 of e-Tunai or e-Wallet credits to Malaysians earning less than RM100000 annually. Now, the Ministry of Finance (MOF) has commented on the initiative, saying that it is ready to expedite the e-Tunai's rollout.

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.