Malaysia

Finance minister says Putrajaya will adjust spending if oil prices fall further | Malaysia

Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the federal government has incorporated lower global oil price into its expected deficit this year. — Picture by Firdaus Latif
Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the federal government has incorporated lower global oil price into its expected deficit this year. — Picture by Firdaus Latif

KUALA LUMPUR, April 21 — The federal government has incorporated lower global oil price into its expected deficit this year but will “reprioritise” its planned spending if the commodity declines further in value, said Datuk Seri Tengku Zafrul Tengku Abdul Aziz.

Oil price fell sharply on the international market after Saudi Arabia and Russia triggered a price war that came just ahead of the world-stopping coronavirus disease (Covid-19) pandemic.

The finance minister acknowledged the matter in his statement today, but sought to assure Malaysians that the government was prepared to adapt.

“The general preoccupation with oil is understandable, given that it is closely linked to global geopolitical influences. However, what is more important is to recognise how Malaysia has a

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Muhyiddin inspects implementation of Prihatin package at Finance Ministry | Malaysia

A live broadcast of Prime Minister Tan Sri Muhyiddin Yassin unveiling the special Covid-19 stimulus package in Kuala Lumpur March 27, 2020. ― Picture by Yusof Mat Isa
A live broadcast of Prime Minister Tan Sri Muhyiddin Yassin unveiling the special Covid-19 stimulus package in Kuala Lumpur March 27, 2020. ― Picture by Yusof Mat Isa

PUTRAJAYA, April 2 ― Prime Minister Tan Sri Muhyiddin Yassin today visited the Economic Stimulus Implementation & Coordination Unit Between National Agencies (Laksana) at the Ministry of Finance here to monitor the implementation of the Prihatin Rakyat Economic Stimulus Package (Prihatin) announced last Friday.

Muhyiddin said Laksana is responsible for ensuring the initiatives worth RM250 billion announced under Prihatin package is well implemented.

“I understand the allocation channels to register taxi drivers and tour guides would be carried out starting today.

“I hope the registration and review process for Bantuan Prihatin Nasional (BPN) would proceed smoothly,” he said.

During the visit, Muhyiddin was briefed by the National Budget Office director cum Laksana unit head Johan Mahmood Merican on the operation of Prihatin

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Bung Moktar said then-finance minister recommended RM150m Felcra investment, witness tells court | Malaysia

According to the first charge, Datuk Seri Bung Moktar (pic), 60, who was at that time the non-executive chairman of Felcra, was accused of taking a bribe of RM2.2 million in cash from Public Mutual’s investment agent Madhi Abdul Hamid, 38, through his wife Zizie Ezette. — Bernama pic
According to the first charge, Datuk Seri Bung Moktar (pic), 60, who was at that time the non-executive chairman of Felcra, was accused of taking a bribe of RM2.2 million in cash from Public Mutual’s investment agent Madhi Abdul Hamid, 38, through his wife Zizie Ezette. — Bernama pic

KUALA LUMPUR, March 16 — A member of the Felcra Berhad Board of Directors told the Sessions Court here today that Datuk Seri Bung Moktar Radin informed the then finance minister to recommend Felcra to invest RM150 million in Public Mutual Berhad Unit Trust in 2015.

Habibah Suleiman, 72, said she did not know that the amount of investment sought was RM150 million as the sum approved at the board meeting was only RM50 million.

Bung Moktar was then the non-executive chairman of Felcra.

“The board did ask YB Datuk Bung Moktar about the difference in amount that was invested in

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