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The Asian Affairs > Latest News > Ministry of Finance

Tag Archives: Ministry of Finance

DewanRakyat
Geo Politics

Finance Bill 2021 passed by Dewan Rakyat

By Katherine S
December 16, 2021
in :  Geo Politics, Malaysia

Malaysia – The Dewan Rakyat unanimously approved the Finance Bill 2021 recently. When concluding the discussion on the bill, Deputy Finance Minister I Datuk Mohd Shahar Abdullah said that a research on the abolition of the tax exemption on foreign-sourced income had been conducted two years ago. He said that it required the ministry to interact with connected parties, including …

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BNM
Geo Politics

Tabung Haji regulation under Bank Negara an interim solution, says MoF

By Katherine S
July 23, 2021
in :  Geo Politics, Malaysia

The regulation of Lembaga Tabung Haji (TH) under Bank Negara Malaysia (BNM) is an interim solution and will not change the original nature of TH as a superior agency especially in the management of pilgrims to fulfil the fifth pillar of Islam as stipulated under the Tabung Haji Act 1995 (Act 535), the Ministry of Finance (MoF) said. It said …

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MACC
Geo Politics

Former Prasarana non-executive chairman Tajuddin detained by MACC

By Katherine S
May 28, 2021
in :  Geo Politics, Malaysia

Malaysian Anti-Corruption Commission (MACC) has detained the former Prasarana non-executive chairman Datuk Seri Tajuddin Abdul Rahman yesterday over two charges of power abuse. It has been reported by various news portals that after the arrival of the Pasir Salak MP together with the UMNO election director at the MACC headquarters, he has been detained for the recording of his statement …

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Indonesia
Indonesia

Corruption Get’s in the Way to Achieve being the Thriving Income Nation

By Noto
April 14, 2021
in :  Indonesia

The degenerate practices will hamper Indonesia’s undertakings to turn into a country with big league salary, pride, and level of public government assistance, Finance Minister Sri Mulyani Indrawati expressed it to the public. In view of this, forestalling degenerate practices and building an exhaustive enemy of debasement framework will extraordinarily decide if a country can proceed with its excursion to …

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Singaporeanhousehold
ASEAN News

In 2020, Singaporean households received an average of $2,000 in Covid-19 assistance per member.

By Katherine S
February 13, 2021
in :  ASEAN News

SINGAPORE – An total of $2,000 in Covid-19 assistance was earned by each member of a Singaporean household, about 70% of which came from the broad-based Care and Support Plan, the Ministry of Finance (MOF) said on Thursday (Feb 11). On average, each household earned around $4,000 from broad-based programs, much of which came in the form of cash transfers, …

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SriMulyaniIndrawati
Indonesia

The Goal to Boost Public Health and Infrastructure is Significant

By Noto
January 26, 2021
in :  Indonesia

It was never easy to improve the economy in this trying times but the Minister of Finance Sri Mulyani Indrawati highlighted that there were many reasons behind the government’s decision to set up the Investment Authority of Indonesia, including the need to boost public health and infrastructure. In order to improve the wellbeing of the Indonesian people, the government needs …

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new car tax exemption
Indonesia

0% New Car Tax proposal from Ministry of Industry, Finance Minister Sri Mulyani Indicates Refusal

By Noto
September 23, 2020
in :  Indonesia

The Ministry of Industry is proposing a new car tax exemption to increase the national automotive industry’s enthusiasm. This proposal expected to last until the end of 2020. Minister of Industry Agus Gumiwang Kartasasmita directly expressed the proposal. He proposed relaxing the tax on new car purchases by 0% or reduce motor vehicle taxes (PKB). “We have proposed to the …

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Business

US declines tax policy, Indonesia not yet able to charge tax on digital services

By Noto
July 21, 2020
in :  Business, Indonesia

It seems that digital companies based in the United States (US) that operate in several countries including Indonesia, such as streaming services Netflix, social media Facebook, digital music streaming Spotify, also giant e-commerce Amazon, cannot yet be charged digital tax in the near future. This was stated by Minister of Finance Sri Mulyani who said that Indonesia and the major …

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Economy

Level up, World Bank raises Indonesia’s status to upper-middle income country

By Noto
July 2, 2020
in :  Economy, Indonesia

The World Bank has raised the status of Indonesia from a middle-income country to an upper-middle income country. The increase in status was granted after based on the latest World Bank assessment, the Gross National Income (GNI) per capita of Indonesia in 2019 rose to USD4,050 from the previous position of USD3,840. Rahayu Puspasari, Head of the Ministry of Finance’s …

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Illustration of rupiah and US dollar banknotes
Economy

Ministry of Finance to Issue Diaspora Bonds on November 2020, Minimum Order of IDR 5 Million

By Jasmine C.
June 4, 2020
in :  Economy, Indonesia

The Ministry of Finance plans to issue state debt securities (SUN) specifically for overseas diaspora or diaspora bonds by the end of 2020. It is expected that the issuance can be carried out around November 2020 if the relevant ministry ministries are ready. This Diaspora bond has become one of the government’s moves to meet the funding needs of Covid-19 …

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