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Guan Eng: New taxes? Wait two weeks for Budget 2019

  • Oct 15, 2018
PARLIAMENT | Those itching to find out about the new taxes under the new Pakatan Harapan government will have to wait another two weeks, until Nov 2, when Finance Minister Lim Guan Eng tables Budget 2019.Such was Lim's response to a question from Ismail Sabri Yaakob (BN-Bera), who asked in the House today how the new taxes would impact the bottom 40 percent income earners."(Regarding the) new taxes which will be introduced, there are two more weeks until the budget is tabled."I hope Bera can wai
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Gov't says will pay 1MDB interest due month end

  • Oct 9, 2018
Finance Minister Lim Guan Eng today reassured that the government will make payments for interest on 1MDB loans due by the end of this month."We honour the commitments, the legal commitments, the legitimate commitments made by the previous government."Otherwise, Malaysia will be in default," Lim told reporters at the Finance Ministry's "Malaysia, A New Dawn" conference in Kuala Lumpur.Lim said the government will not default on the interest payments as there would be long-term consequences to th
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MRT2 not cancelled, workers can find jobs after fresh tender - Guan Eng

  • Oct 9, 2018
Finance Minister Lim Guan Eng says that those with jobs on the line after the temporary cancellation of the underground portion of the MRT2 project can seek reemployment once the project resumes.Speaking to reporters in Kuala Lumpur today, Lim also clarified that the overground portion of the project will proceed as planned and hence workers in that sector were unaffected."If the project continues, many of these workers can be employed when the contract is awarded... the project continues, hopef
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Brace for 'pain and sacrifice' in Budget 2019, warns Guan Eng

  • Oct 9, 2018
Finance Minister Lim Guan Eng has forewarned investors to expect "pain and sacrifice" in the Budget 2019 and Pakatan Harapan government's fiscal measures."Fiscal consolidation will not be achieved easily. We must be willing to expect some pain and even offer some sacrifice."[...] In this context, to quote our Prime Minister (Dr Mahathir Mohamad), the budget (2019) is of sacrifice, everyone will have to sacrifice and we have to accept that we must sacrifice," he said at the 'Malaysia: A New Dawn'
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Guan Eng: At least three years needed to resolve RM1 trillion debt

  • Oct 9, 2018
The government will take “at least” three years to resolve its debt and refund repayments, Finance Minister Lim Guan Eng said today.“We will need at least three years to resolve the fiscal issues caused by the RM1 trillion debt and the RM35 billion in (outstanding) GST and income tax refunds,” he told a roomful of investors at the “Malaysia: A New Dawn” conference in Kuala Lumpur this morning.The RM35 billion figure was achieved by combining RM19 billion in outstanding GST refunds an
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Surplus budget or else I'll shoot Lim, jokes Dr M

  • Oct 9, 2018
PD POLLS | Prime Minister Dr Mahathir Mohamad jokingly said he will shoot Finance Minister Lim Guan Eng if the latter fails to achieve a surplus budget soon."We leave the financial matter to Lim Guan Eng because the Penang state government (under him) achieved surplus," he told a ceramah in Port Dickson last night.Penang recorded surplus budgets since 2008 until today. For seven consecutive years since 2011, the state tabled deficit budgets but managed to turn them into surplus."I hope we get a
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Condemn those who took '1MDB money', Guan Eng tells Chinese press

  • Oct 2, 2018
INTERVIEW | Finance Minister Lim Guan Eng has urged the Chinese press to condemn the three media associations that received money from the 1Malaysia-Penang Welfare Club in 2013."Why has the Chinese media not condemned the actions of these associations?"Even now, it's not too late. Condemn them for receiving 1MDB money."You talk about MCA and Umno receiving 1MDB money, what about your own journalists' associations?" Lim said in an interview with Malaysiakini at his office in Putrajaya last week.T
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Accountant-general confirms Guan Eng's statement on revenue account

  • Sep 25, 2018
The Accountant General’s Department has confirmed Finance Minister Lim Guan Eng’s claim that the federal government was left with only RM450 million to spend from the Consolidated Revenue Account as at April 30, 2018 compared with RM11.86 billion as at Dec 31, 2017. Accountant-general Saat Esa said the Consolidated Revenue Account’s balance as at Dec 31, 2017 and April 30, 2018 announced by Lim tallied with the department’s records. The department also affirmed that the balance is
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Guan Eng: 1MDB asset recovery much slower than expected

  • Sep 13, 2018
Finance Minister Lim Guan Eng said on Thursday that asset recovery in the 1Malaysia Development Berhad (1MDB) multi-billion fraud investigation is going much slower than expected.Lim, a former banker and chartered accountant, said at CLSA Investors’ Forum in Hong Kong that realistically “we will be lucky if we get 30 percent back”.He added Goldman Sachs is on the radar screen to get back some fees from 1MDB.http://demirakyat.live/news/3084
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Guan Eng: 1MDB-linked funds from S'pore mere 'tip of iceberg'

  • Sep 10, 2018
Finance Minister Lim Guan Eng (above) said that the 1MDB-linked funds to be repatriated from Singapore were merely the "tip of the iceberg". "We welcome the move where the Singapore state courts have granted the return of 1MDB monies with a total value of some S$15.3mil (RM46 million) to the country and I hope this is the beginning of more to come. "After all, the sum of these monies is only a tip of the iceberg to be returned relating to 1MDB," he said in a statement today. Lim also th
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