News & Reviews:   Ministry of Finance

In yet another trending scam post, Malaysia’s Ministry of Finance (MOF) has publicly dismissed a social media message claiming that the government is offering a one-off RM500 Ramadan financial aid to citizens. The clarification came after a widely shared image and link circulated online that appeared to show the Prime Minister attached to the offer, suggesting recipients could check their eligibility through a website.

Today, Malaysia’s Ministry of Finance (MoF) has announced that a tiered eligibility system under the BUDI MADANI RON95 (BUDI95) petrol subsidy programme will be activated in the middle of each month. Introducing a more tailored fuel support mechanism for e-hailing drivers based on their monthly travel distances, the scheme aims to create a fairer and more inclusive distribution of subsidised petrol while safeguarding the livelihoods of drivers who rely on fuel for their daily operations.

Malaysia’s Ministry of Finance (MoF) has officially expanded the BUDI95 fuel subsidy program to cover all 16 million citizens with a valid MyKad and driving license, marking a major milestone in digital public service delivery.

The Ministry of Finance (MOF) has revealed that as of 31 January 2025, there’s a total of RM12.7 billion in unclaimed money in Malaysia. The Ministry elaborated that this figure is based on what was recorded by the Accountant-General’s Department (AGD).

The Ministry of Finance (MOF) revealed that the Digital Service Tax raked in RM1.6 billion in revenue in 2024. MOF announced the figure in a written Parliamentary reply yesterday (18 February) to a question by Bera MP and former Prime Minister Datuk Seri Ismail Sabri Yaakob.

The Ministry of Finance (MOF) has announced that as of today, it has approved more than 30000 applications for the BUDI MADANI RM200 cash aid initiative for diesel vehicle owners. MOF added that the recipients, including farmers and small-scale commodity growers, will receive first cash assistance amounting to RM200 each which will be disbursed on 10 June through their bank accounts.

Back in July, Prime Minister Datuk Seri Anwar Ibrahim announced an RM100 e-Tunai or eWallet aid to 10 million adult Malaysians. Fast forward to today, the government finally revealed when the eWallet credit would be distributed: December 2023.

The government recently distributed eBeliaRahmah RM200 eWallet credit to youths aged 18 to 20 and eligible full-time students in our country. However, since its disbursement, there have been many stories of recipients getting scammed when trying to cash out the credit, something that the initiative expressly said NOT to do. 

Last year, TNG Digital Sdn Bhd in collaboration with CIMB Bank Sdn Bhd introduced GOpinjam, a short-term personal loan through the former’s TNG eWallet app. Well, despite initial controversy regarding its high-interest rate, the service has been really popular among Malaysians who need fast cash.

The Communications and Digital (KKD) Minister Fahmi Fadzil has announced that the Cabinet will be deciding on the direction of the 5G network implementation in Malaysia soon. He also revealed that this ministry had held a meeting with the Finance Ministry (MOF) on Monday (12 December 2022) to discuss the implementation of the 5G network project by Digital Nasional Bhd (DNB).