ASEAN
AMRO Cuts ASEAN+3 Growth Forecast Amid Rising US Tariff Risks, Urges Stronger Regional Integration
AMRO lowers ASEAN+3 growth forecast due to US tariffs, urges stronger regional integration to weather global economic uncertainties
Category: Cost of Living
Banking and Finance
BNM cuts OPR by 25 basis points to 2.75%
BNM cuts OPR to 2.75% to sustain Malaysia’s growth amid global uncertainties, driven by domestic demand and exports.
Business News
Amir Hamzah: SST Can Control Cascading Price Effects
Finance Minister II Amir Hamzah says targeted SST expansion controls cascading price effects without burdening people, keeping inflation manageable.
Business News
SAMENTA Applauds Revised SST Threshold, Offers Relief to SMEs
SAMENTA welcomes revised SST threshold, exempting 75% of SMEs from 8% tax on rental, financial services, urges compliance.
Accounting
Malaysian Banks to Phase In 8% Service Tax, Basic Accounts Exempt
Starting July 2025, Malaysian banks will impose an 8% service tax on fee-based financial services, excluding basic banking.
Business News
Malaysia’s inflation eases to 1.2pc in May 2025, lowest in 51 months
Malaysia's inflation reached 1.2% in May 2025, the lowest in 51 months, influenced by global oil price declines.
Business News
Malaysians Face Higher Fruit Prices as Import Costs Surge from July
From July 1, Malaysia faces increased imported fruit prices due to a new sales tax, rising freight costs, and higher tariffs.
Business News
Malaysia Rolls Out New Electricity Tariff from July 2025, Benefiting 85% of Domestic Users with Stable or Lower Rates
Malaysia's new electricity tariff, effective July 2025, benefits 85% of domestic users with stable or lower rates, aligning with NETR.
Business News
MCA Youth’s Saw Yee Fung Questions Anwar on claims of RM20b national debt cut
Saw Yee Fung criticizes Prime Minister Anwar Ibrahim for misrepresenting Malaysia's debt situation, urging transparency and effective economic policies amid rising inflation and costs.
Business News
MRCA Urges Government to Postpone 8% SST on Rental Services Set for July 1
The Malaysian Retail Chain Association (MRCA) has urged the government to delay the 8% sales and service tax (SST) on rental and leasing services,…
Business News
SST Expansion Fuels Malaysia’s Subscription & Rental Boom
Malaysia's economy relies on strong domestic consumption, driven by subscription and rental models, amidst rising household debt and SST modifications.
Business News
Extended SST projected to increase by RM5 billion in 2025 and RM10 billion in 2026
Malaysia's Sales and Service Tax will increase significantly by 2026, targeting higher-income groups and expanding its coverage.
Business News
Muhyiddin Slams Madani Govt, Urges Cancellation of SST Expansion and TNB Tariff Hike
Tan Sri Muhyiddin Yassin urges cancellation of SST expansion, electricity tariff hike, and promotes public consultation for better governance.
Business News
Anwar Rejects GST, Defends SST as Fairer for Lower-Income Malaysians
PM Anwar rejects GST, says it burdens poor; defends SST, targeting luxury goods, funding essential services, invites feedback.
Business News
Dr Wee Urges Clear Guidelines on Subsidised LPG Use for Hawkers Amid Enforcement Confusion
Dr Wee demands clear rules on subsidised LPG for hawkers, criticises enforcement causing panic, cites RM3.4bil subsidy cost.
Business News
170% Gas Price Hike for Eateries to Raise Food Costs, Burden Consumers, Says MCA President
Eateries face 170% gas price hike, raising food costs for consumers, says MCA president, urging subsidies for small traders.