Lim: Govt Targets 2.8% Fiscal Deficit This Year

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KUALA LUMPUR, Aug 21 – The government is committed to long-term fiscal consolidation and aims to cut the fiscal deficit to 2.8% of GDP this year, according to Finance Minister Lim Guan Eng. He said the target would be met through various measures, including cancelling and postponing unimportant low-multiplier government expenditures by

Rafizi: Sabah Should Be Given Same Attention As Peninsula

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KOTA KINABALU, Aug 20 – Sabah should be given the same attention as the peninsula, particularly in terms of development, said Parti Keadilan Rakyat (PKR) vice-president Rafizi Ramli. He said this being that Sabah was one of the three regions involved in the formation of Malaysia. “I see that infrastructure development, especially

Guan Eng: Trust Govt, Don’t Evade Paying SST

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PETALING JAYA, Aug 19 – Businesses should trust the government on the Sales and Services Tax (SST) implementation and they should not attempt to evade the tax, says Finance Minister Lim Guan Eng. He said if businesses felt that they qualify for SST exemption, they must first apply to the Royal Malaysian

Jho Low Says He Will Not Surrender

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KUALA LUMPUR, Aug 18 – Fugitive financier Low Taek Jho, also known as Jho Low who is wanted for his alleged role in the 1Malaysia Development Berhad (1MDB) probe has said he does not expect to get a fair hearing anywhere and will not present himself to any country where his guilt

Loke: All AES Summons Since 2012 Cancelled

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PUTRAJAYA, Aug 19 – All summonses issued under the Automated Enforcement System (AES) since 2012 have been cancelled, said Transport Minister Anthony Loke Siew Fook today. He said this involved 3.1 million summonses with a total value of about RM435 million. “The government has also agreed not to renew the contract of

KJ: The Truth About 1MDB Must Be Told

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KUALA LUMPUR, Aug 18 – Former Youth and Sports Minister Khairy Jamaluddin today said that the truth about 1Malaysia Development Berhad (1MDB) scandal must be told to the people and that he fully agreed that the case is reopened for investigation by the Auditor-General and the Public Accounts Committee (PAC). He

Parliament Wrap-Up: Nine Bills Passed

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KUALA LUMPUR, Aug 17 – Nine bills (RUU), including the Anti-Fake News (Repeal) Bill 2018 and the Goods and Services Tax (Repeal) Bill 2018, were passed by the 14th Parliament at its first sitting which ended yesterday. The Sales Tax Bill 2018, Service Tax Bill 2018, Customs Amendment Bill 2018, the

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