finance

Indonesia relaxes palm oil levy rules — finance ministry
JAKARTA/KUALA LUMPUR (Dec 5): Indonesia has relaxed rules on palm oil levies and derivative products effective immediately, following a drop in prices, according to a... [...]
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The government does not intend to introduce a wealth tax to avoid shocks to the capital and finance markets – Finance Minister Lim Guan Eng
The government does not intend to introduce a wealth tax to avoid shocks to the capital and finance markets – Finance Minister Lim Guan Eng var VUUKLE_EMOTE_SIZE = "90px"; VUUKLE_EMOTE_IFRAME = "180px" var EMOTE_TEXT = ["HAPPY","INDIFFERENT","AMUSED","EXCITED","ANGRY","SAD"]The post The government does not intend to introduce a wealth tax to avoid shocks to the capital and finance markets – Finance Minister Lim Guan Eng appeared first on The Malaysian Reserve. [...]
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Finance Minister: To prevent abuse, cards may be issued for RON95 subsidies
A man refuels his vehicle at a petrol station in Kuala Lumpur November 2, 2018. — Picture by Yusof Mat Isa PETALING JAYA, Nov 2 — Following the announcement of RON95 petrol subsidies for vehicles below 1,500cc and motorcycles below 125cc, Finance Minister Lim Guan Eng said the government may issue cards to those who are qualified, to prevent abuse of the system.In an interview with RTM following the tabling of Budget 2019, Lim explained the issuance of the card will be the responsibility of the Domestic Trade and Consumer Affairs Ministry (KPDNKK).Lim was responding to questions on how the government will ensure that the subsidy scheme is not abused.“We will monitor the situation through a card. This card will have all the information and I’m confident that there will not be any leakages.“KPDNKK under its minister, Datuk Seri Saifuddin Nasution Ismail, will manage and monitor the use of the cards,” he said. [...]
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FGV’s head of group finance division made acting group CFO
by TMR FGV Holdings Bhd has appointed its head of group finance division Aznur Kama Azmir as the acting group CFO, following the resignation of Ahmad Tifli Datuk Mohd Talha last week. In an exchange filing yesterday, FGV noted the Special Board Committee shall continue to perform the functions of the group president/CEO. var VUUKLE_EMOTE_SIZE = "90px"; VUUKLE_EMOTE_IFRAME = "180px" var EMOTE_TEXT = ["HAPPY","INDIFFERENT","AMUSED","EXCITED","ANGRY","SAD"]The post FGV’s head of group finance division made acting group CFO appeared first on The Malaysian Reserve. [...]
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Malaysia’s Finance Minister on 1MDB, Infrastructure, Economy
Jul.19 -- Malaysian Finance Minister Lim Guan Eng discusses recovering up to 30% of the missing 1MDB money, the 1MDB investigation, infrastructure projects with China, Malaysia's economy and the ringgit. He speaks exclusively to Bloomberg's Haslinda Amin from Kuala Lumpur. [...]
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After discourse, Putrajaya to focus on finance, guidance, acceptance of transgenders
Datuk Mujahid Yusof Rawa and Nisha Ayub shake hands at a press conference in Putrajaya August 10, 2018. — Picture by Azinuddin Ghazali PUTRAJAYA, Aug 10 ― The public should not discriminate the transgender community in the workplace as they are made up of ordinary citizens who wished for equal opportunities as their peers, Minister in the Prime Minister's Department Datuk Mujahid Yusof Rawa said today.Following a meeting with transwoman activist Nisha Ayub here, Mujahid added there will be three aspects that the ministry will focus on when it comes to the transgender community: for them to be financially independent, to “guide them”, and ensuring acceptance by the public.“From this meeting, we received a lot of information regarding the transgender community and it has come to our understanding that this group continues to be discriminated by the public.“Such discrimination do not help them to integrate into society and most importantly, for them to be independent of their livelihood,” the minister in charge of Islamic affairs said at the Putrajaya Islamic Complex.Mujahid said it was important to help the transgender community with their current predicament, as they were most vulnerable due to constant discrimination.“Transgenderism is a reality that we cannot deny so if we are unable to avoid it, why not live with it in the context of treating them fairly?“The marginalised community is not asking for same-sex marriage or special rights, but wish to live as normal Malaysians, which I think we have no problem with,” he said.Mujahid said following the discussion with Nisha, he agreed that more awareness was needed to educate the public that transgender groups also want equal access to education and houses of worship.“This meeting is a big step, but there is still a long way to go when it comes to educating the public and this is my concern at the moment,” he said.Meanwhile, Nisha said she was pleased with today's meeting and she encouraged the LGBT community to engage with the ministry.“However, it is not fair for me to represent the other communities as I personally approached Datuk as a trans advocate,” she said, referring to Mujahid.“But I am sure if they approached Datuk, he would be happy to meet them.”Nisha said she was shocked when Mujahid agreed to a meeting with her after she got in touch with him through Facebook.“This is the first time a minister has agreed to come forward to meet people like me and it is certainly mind-blowing,” she said.On Wednesday, Nisha’s portrait, along with that of fellow LGBT activist Pang Khee Teik, was removed from a photography exhibition at the George Town Festival 2018.Mujahid later confirmed while at Parliament that he instructed the portraits be removed as it was considered to be promoting LGBT activities, adding it is not in line with the Pakatan Harapan government’s policies. [...]
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Finance Minister: Number of special draws for numbers forecast operators to be reduced next year
Lim Guan Eng said the new policy would be announced in Budget 2019 on Nov 2. — Picture by Miera Zulyana KUALA LUMPUR, Aug 7 — Finance Minister Lim Guan Eng says the government plans to reduce the number of special draws for all numbers forecast operators (NFO) beginning 2019, to reduce social problems related to gambling activities.He said the new policy would be announced in Budget 2019 on Nov 2.“In 2018, there were 22 special draws held simultaneously throughout the country.“The reduction in the number of special draws is an initial step by the government to reduce gambling activities, so as to curb social problems such as excessive gambling addiction,” he said at the Dewan Rakyat sitting today.He was responding to a question from Wong Shu Qi (PH-Kluang) on whether the government planned to allow NFOs such as Magnum, Sports Toto and Da Ma Cai to continue holding special draws on certain Tuesdays in 2019 and the subsequent years ahead. — Bernama [...]
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Royal award for Islamic finance to be conferred on Oct 3
KUALA LUMPUR: The Royal Award for Islamic Finance 2018 will be conferred on exceptional individuals in Islamic finance at a special ceremony in the capital on Oct 3. [...]
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JD Finance to raise RM7.7b from Chinese giants
By BLOOMBERG BEIJING • JD Finance is close to snagging 13 billion yuan (RM7.67 billion) of investment from several Chinese financial services giants, gaining a clutch of influential backers in its fight against Jack Ma’s Ant Financial. The spinoff from online retailer JD.com Inc has signed agreements with CICC Capital, an investment arm of Bank of China and buyout firm CITIC Capital, for a fundraising that values the nascent company at roughly 133 billion yuan, JD Finance said in a statement. It hopes to complete the round of financing in this quarter. JD is vying with the likes of Baidu Inc and Alibaba Group Holding Ltd to combine high-tech expertise with traditional finance and cater to a rising cohort of customers who prefer to do business on their phones. Securing the backing of Bank of China, one of the nation’s largest lenders, and influential players such as CITIC will help it compete with its larger rivals in the fledgling field of Internet finance. JD Finance already works with 700 financial institutions, has served eight million small businesses and 400 million individuals, it said. But it remains a relative minnow compared to Ant Financial, an affiliate of Alibaba that raised US$14 billion (RM56.55 billion) in June and has enjoyed wider adoption thanks to its Alipay digital wallet and Alibaba’s heft in Internet commerce. Like Ant, JD Finance offers loans and other services online, and much of its business involves short-term lending to consumers on JD.com. var VUUKLE_EMOTE_SIZE = "90px"; VUUKLE_EMOTE_IFRAME = "180px" var EMOTE_TEXT = ["HAPPY","INDIFFERENT","AMUSED","EXCITED","ANGRY","SAD"] [...]
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