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August 12, 2018 4:22 AM No SST for construction services, some building materials

KUALA LUMPUR: The pressure on house prices, industrial and commercial buildings is expected to ease off with the abolition of the Goods and Services Tax (GST) and exemption of some building materials from the Sales and Services Tax (SST), Finance Minister Lim Guan Eng (pix) said. He said the federal government hoped that the construction costs could 13

August 11, 2018 9:37 AM So, Rafizi lied about the RM24 million diamond ring after all

Rafizi Ramli wants to be the next Deputy President of PKR. According to what Rafizi told his people, he has the support of Anwar Ibrahim and Dr Wan Azizah Wan Ismail who are very upset with Azmin Ali because of his alliance with Tun Dr Mahathir Mohamad. However, a new revelation has just surfaced that proves Rafizi lied about the RM24 million diamond 13

August 4, 2018 8:10 AM Higher credit score, bargain for lower interest rate: RAMCI

KUALA LUMPUR: It is widely known that a higher credit score could help grant an individual better offers for credit cards, a housing loan, a car loan or a mortgage. However, not known to many Malaysians, a better credit score could also be used as a bargaining chip to negotiate with banks for lower interest rates, be it for a mortgage, a car loan or credit 7

August 1, 2018 5:21 AM Najib: Arul Kanda’s RM5 million payment justified

KUALA LUMPUR: Datuk Seri Najib Abdul Razak (pix) has defended the RM5 million paid to former 1Malaysia Development Berhad (1MDB) chief Arul Kanda Kandasamy in the span of six months, saying it was justified. The former premier said Arul had successfully reduced 1MDB's debt from RM50 billion to RM30 billion. It was part of his responsibility as the president 17

July 22, 2018 7:36 AM Economic Affairs Ministry to provide check and balance for Finance Ministry: Analyst

PETALING JAYA: The Institute for Public Leadership today said portfolio rationalisation between the Economic Affairs and Finance Ministries is to provide a check and balance and avoid cases of financial mismanagement as in the past. Its president, Datuk Mohd Radzi Abd Latif said being an accountant, Finance Minister, Lim Guan Eng understood the fundamental 6

July 20, 2018 8:00 AM Guan Eng says Najib aware of exact cost for LRT3

KUALA LUMPUR: Finance Minister Lim Guan Eng said the former Prime Minister Datuk Seri Najib Razak was aware of the exact cost of the Light Rail Transit Line 3 (LRT3). Lim, who was speaking at a special luncheon during the Associated Chinese Chambers of Commerce and Industry of Malaysia's (ACCCIM) AGM today, said that Najib had attended the meetings 7

July 18, 2018 3:08 AM Mexico's next government to weigh legalising drugs

MEXICO CITY: Mexican President-elect Andres Manuel Lopez Obrador has given his future interior minister "carte blanche" to explore the possibility of legalising drugs in a bid to curb violent crime, she said Tuesday. Olga Sanchez Cordero, a former Supreme Court judge tapped to lead the interior ministry, drew applause when she made the comment at a university 4

July 16, 2018 3:18 AM Scomi's share price fall 4.54% after unit gets slapped with winding-up petition

PETALING JAYA: Scomi Group Bhd’s share price fell 4.54% this morning after its unit Scomi Special Vehicles Sdn Bhd was served with a winding-up petition. At 11.01am, its share price was 4.54% of half sen lower at 10.5 sen with 99,500 shares traded. Its shares closed unchanged at 11 sen with 5.95 million shares traded last Friday. Last Friday, Scomi said its unit was served 5

July 14, 2018 6:22 AM Prasarana to abide by MoF instructions on LRT3

KUALA LUMPUR: Prasarana Malaysia Bhd (Prasarana) will abide by the Ministry of Finance (MoF) instructions on the cost reduction for the light rail transit line 3 (LRT3) project. In a statement today, the state-owned transportation company said it was currently awaiting instructions from the MoF for the rigorous and comprehensive cost rationalisation 10

July 10, 2018 3:57 PM Finance Ministry wants cost of LRT3 to be reduced by 'much more than RM6 billion'

PETALING JAYA: The Finance Ministry said it will not support additional funding for the 37km Light Rail Transit Line 3 (LRT3) unless Prasarana Malaysia Bhd cuts the cost of the project which, it is forecast, could soar to as high as RM31.45 billion. According to previous news reports, the cost of LRT3 was to have been capped at RM9 billion. On March 9