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RM925 million of 1MDB funds returned

The Ministry of Finance announced that a total of RM925.1 million of funds belonging to 1Malaysia Development Bhd. (1MDB) have been returned to the ministry.

Proceeds from Equanimity to pay 1MDB debts

The proceeds from the sales super yacht Equanimity amounting to RM527.4 million (USD 126 million) will be used to pay off the debts of 1Malaysia Development Berhad (1MDB)

Witness pressured to expedite loan for SRC

The money laundering trial of SRC International Sdn Bhd involving former Prime Minister Datuk Seri Najib Razak focussed on Retirement Fund Incorporated (KWAP) loans made by the company

‘Delayed’ BSH, recipients can withdraw money today

The government is committed in ensuring that the 350,000 Cost-of-Living Aid (BSH) recipients who failed to receive the aid earlier due to technical problem with their account numbers receive their money.

Second payment for BSH next Tuesday

The second phase payment for the Cost of Living Aid (BSH) will be made on 28 May, said the Ministry of Finance.

RM17.1 billion for GST, income tax refunds

The government has received the funds from Petronas and has started making refunds for the Goods and Services Tax (GST) and income tax taxpayers since last January.

No toll rate increment next year

The government has frozen toll rate increment for all vehicle classes in the 21 highways throughout the country.

Jeff Ooi criticises Guan Eng on Press Secretary

Former Member of Parliament of Jelutong Jeff Ooi took a cynical approach on the Finance Ministry’s press release on the fuel pricing float system yesterday.

Guan Eng errs again

After granting ‘Datukship’ to the former UMNO Youth Chief Khairy Jamaluddin in the official Finance Ministry statement yesterday, the four-pages press release continued to become the focal point of netizens.

Government identifying assets to be sold

The government is in the process of identifying assets which could be sold in an effort to reduce national debt and ensure fiscal consolidation.