PETALING JAYA: The shortening of the lapse period to forfeit unclaimed money will expand the government’s revenue which can then be translated into expenses for the benefit of the rakyat, say experts.
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KUALA LUMPUR, June 17 ― The amount of unclaimed moneys (UM) being reclaimed as of May 31 this year totals RM3.4 billion, according to the Finance Ministry (MoF). The ministry.
KUALA LUMPUR: A whopping sum of RM11bil of monies belonging to the rakyat remains unclaimed, as of last month, and should be returned to the rightful owners, says Tan Sri Lee Lam Thye.