Pandan MP and former economy minister Rafizi Ramli has warned that reinstating the goods and services tax (GST) would burden low-income households and fuel inflation. Speaking on the Yang Berhenti Menteri podcast, he said GST’s regressive nature would force families exempt from income tax to “pay tax for the first time,” adding up to RM2,000 in yearly costs. He cited the 2015 rollout, which pushed prices up by 6–7%, and urged wage reforms before any tax change. While Rafizi has acknowledged GST’s efficiency, he cautioned against its “addictive” revenue potential. The government has ruled out reintroduction for now.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Eco World reported stronger 1HFY26 earnings driven by industrial land sales, while robust new sales…
Scoot, the low-cost subsidiary of Singapore Airlines (SIA), is pleased to announce an exciting collaboration…
RICOH Malaysia unveiled AI and automation solutions designed to improve operational efficiency, workflow intelligence, and…
Singapore, June 18, 2026 — Federal Express Corporation, one of the world’s largest express transportation…
Malaysia faces critical challenges like rising costs and political instability while pursuing a future of…
Malaysia has jumped eight spots to rank 15th in the 2026 IMD World Competitiveness Ranking,…
This website uses cookies.