Ministry of Finance

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Ministry of Finance
MOF: No SST For Water, Electricity Usage Of 600kWh/Month Or Less
- 29th February 2024
The government has announced that it will continue to exempt water bills from the service tax (SST), which […]
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Ministry of Finance
Government To Disburse Sumbangan Tunai Rahmah Phase 1 Starting From Today
- 29th January 2024
Eligible individuals can keep an eye out for their Sumbangan Tunai Rahmah (STR) as the cash aid will […]
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Ministry of Finance
AEON Bank Receives Approval To Become Malaysia’s First Islamic Digital Bank
- 9th January 2024
AEON Bank (M) Bhd is set to become Malaysia’s first Islamic digital bank, following its success in obtaining […]
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Ministry of Finance
Boost Bank Receives Green Light From BNM To Commence Operations
- 9th January 2024
RHB Bank and Boost announced that they have received official approval from Bank Negara Malaysia (BNM) and the […]
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Ministry of Finance
MOF, SAMENTA: Low-Value Goods Tax Will Level Playing Field For Local Businesses
- 19th December 2023
The Small and Medium Enterprises Association (SAMENTA) has said that the implementation of the 10% tax on imported […]
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Ministry of Finance
MOF: Inadequacy Of Retirement Savings Will Be Worsened By Further EPF Withdrawals
- 24th November 2023
The Ministry of Finance (MOF) has warned that the existing issue of insufficient retirement savings will be further […]
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Ministry of Finance
GXBank Begins Beta Testing Of App, Invites Public To Register And Join Waitlist
- 27th October 2023
GXBank is now inviting interested members of the public to register and participate in the beta testing of […]
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Ministry of Finance
MOF: Public Submitted 10,000 Responses Through Budget 2024 Portal
- 25th September 2023
Deputy Finance Minister II, Steven Sim revealed that the Ministry of Finance (MOF) has received as many as […]
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Ministry of Finance
Grab’s GXBank Becomes First Digital Bank To Receive BNM Approval To Commence Operations
- 5th September 2023
Grab-led digital bank GXBank announced that it has received approval from the Minister of Finance and Bank Negara […]
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Ministry of Finance
Cabinet To Conduct Budget 2024 Engagement Sessions Starting From Mid-August
- 14th August 2023
Deputy Finance Minister I, Datuk Seri Ahmad Maslan said that members of the Cabinet will conduct engagement sessions […]
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Basic Banking Services To Stay Tax-Free From 1 July
Samuel Chua
- 26th June 2025
Starting 1 July, Malaysians using basic banking services like savings and current accounts will not be affected by […]
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Govt Exploring Basic Insurance Scheme To Ease Medical Costs
Samuel Chua
- 26th June 2025
The government is considering the introduction of a basic insurance scheme aimed at helping Malaysians manage rising healthcare […]
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Govt Eyes RM10 Billion Boost From SST Expansion, Cites Wealth Tax Challenges
Samuel Chua
- 18th June 2025
The Malaysian government expects to raise an estimated RM10 billion in additional revenue within six months through the […]
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MOF: SST Revisions Do Not Justify Hotel Rate Hikes
Samuel Chua
- 4th July 2025
The Ministry of Finance (MOF) has stated that recent changes to the Sales and Service Tax (SST) do […]