Home minister cites 3.5 million foreigners as reason to stop automatic citizenship for permanent residents’ kids, insists won’t make them stateless
The ministry also said it will monitor the conversion of export earnings into ringgit by exporting companies, in addition to continuing efforts to encourage the use of local currency for export settlements to reduce dependency on USD. “Foreign investments that are carried out also need to be managed prudently such as protecting the value of foreign currency exposure and bringing back the results of foreign investments to reduce pressure on the ringgit,” said the ministry.The MOF added that the government continues to commit and focus on implementing structural policies to strengthen the value of the ringgit for the long term.
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Sales and services tax hike not expected to cause sharp price increases, says Finance MinistryThe sales and services tax (SST) hike is not expected to cause sharp price increases that would lead to an economic shock, says the Finance Ministry. The statement also noted the 2% increase would affect discretionary activities and business-to-business services, while key essential services such as food and beverage, telecommunications, parking and logistics are exempt. Meanwhile starting March 1, electricity users over 600kWh will be affected by the sales and services tax (SST) hike from 6% to 8% among other services. The increased SST is set to generate an additional RM3bil revenue, said the Finance Ministry.
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Finance Ministry's Fiscal Survey book shows GST a better system than SST, says Dr WeeLAWYER Khaliq Mehtab Mohd Ishaq confessed to being quite taken aback by the green wave that marked the 2022 general election.
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Adopt 'Malaysia First' attitude to strengthen ringgit, says Finance Ministry(Reuters) - Fenerbahce will consider withdrawing from the Turkish top flight after some of their players were attacked by Trabzonspor fans following their weekend away win, the Super Lig club said on Monday.
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Finance Ministry: Ringgit's decline driven by stronger US dollar, China uncertainty(Reuters) - Fenerbahce will consider withdrawing from the Turkish top flight after some of their players were attacked by Trabzonspor fans following their weekend away win, the Super Lig club said on Monday.
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Finance Ministry finalising several HVGT policies, says Anwar(Reuters) - Popular messaging platform Telegram raised $330 million through bond sales last week, founder and CEO Pavel Durov said on Monday.
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Agreement with Spanco still in force, says Finance MinistryThey are hosts of travel reality series 'Girls' Spectacular Journey'.
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