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The Minister of Finance is the minister in charge of government revenue and expenditure. The Minister oversees economic policy: fiscal policy is within the Minister's direct responsibility, while monetary policy is implemented by the politically independent Central Bank of Malaysia, the head of which is appointed by the Yang di-Pertuan Agong.
The Cabinet of Malaysia (Malay: Jemaah Menteri Malaysia) is the executive branch of the Government of Malaysia. Led by the Prime Minister , the cabinet is a council of ministers who are accountable collectively to the Parliament .
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia.GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer.
The Prime Minister of Malaysia (Malay: Perdana Menteri Malaysia) is the indirect head of government (executive) of Malaysia. The prime minister is appointed by the Yang di-Pertuan Agong, the head of state, and is someone who in the Yang di-Pertuan Agong's opinion is likely to command the confidence of the majority of the members of that House ...
Minister of Finance (Incorporated) (abbreviation: MoF (Inc.); Malay: Syarikat Milik Menteri Kewangan (Diperbadankan)) is a body corporate under the name of the Minister of Finance of Malaysia.
The Menteri Besar is the head of government in Selangor.He is officially appointed by the Sultan, Selangor's head of state, on the basis of the latter's judgement that the former commands the confidence of the majority of the State Assemblymen in the Selangor State Legislative Assembly. [4]
Malaysia is the global leader in terms of the sukuk (Islamic bond) market, issuing RM62 billion (US$17.74 billion) [4] worth of sukuk in 2014 - over 66.7% [5] of the global total of US$26.6 billion [2] [6] Malaysia also accounts for around two-thirds of the global outstanding sukuk market, controlling $178 billion of $290 billion, the global total.
[3] [4] In 2014, Malaysia's economy grew 6%, the second highest growth in ASEAN behind Philippines' growth of 6.1%. [5] The economy of Malaysia (GDP PPP) in 2014 was $746.821 billion, the third largest in ASEAN behind Indonesia and Thailand and the 28th largest in the world. [6] [needs update]