News & Reviews:   mof

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 Malaysian Government may introduce a new incentive specific for the B40 group in the country to purchase electric vehicles (EVs) in Budget 2024. Such an incentive was touted by the Ministry of Investment, Trade and Industry (MITI), but will only apply to purchases of e-motorcycles.

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.

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).

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. 

The Minister of Communications and Multimedia (K-KOMM), Tan Sri Annuar Musa has reassured Malaysians that the government is committed to provide free tablets for B40 students under the PerantiSiswa Keluarga Malaysia initiative. During a press conference in Parliament earlier today, Annuar clarified that the distribution of the tablets will be delayed to August 2022 due to tender issues.

Communications and Multimedia (K-KOMM) Minister Tan Sri Annuar Musa has announced a delay to the rollout of free tablets to B40 students under the PerantiSiswa Keluarga Malaysia programme. Initially set to be distributed in mid-June, the timeline is shifted to mid-July instead after the tender for the initial supplier of the devices was cancelled by the Ministry of Finance (MOF).