18d ago
KUALA LUMPUR, June 20 (Bernama) -- The Sales and Service Tax (SST) expansion is expected to have a limited direct impact on gross domestic product (GDP) and inflation, as it primarily targets discretionary items and selected service sectors, according to RHB Investment Bank Bhd (RHB IB).
18d ago
PUTRAJAYA, June 20 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the government is committed to consistently reducing the country's fiscal deficit to ensure a more sustainable economy and to maintain investor confidence.
18d ago
PUTRAJAYA, June 20 (Bernama) -- The Goods and Services Tax (GST) is an efficient and transparent taxation system, but it is not yet suitable for re-implementation because the rakyat’s income threshold is still low, said Prime Minister Datuk Seri Anwar Ibrahim.
18d ago
KUALA LUMPUR, June 19 (Bernama) -- The country’s revenue generation remains limited, and tax expansion is necessary to ensure fiscal sustainability, according to the Prime Minister’s Office (PMO).
20d ago
KUALA LUMPUR, June 18 (Bernama) -- The government’s fiscal reform initiatives, including expanding the Sales and Services Tax (SST) scope and rationalising electricity and diesel subsidies, are aimed at ensuring fiscal sustainability while protecting lower-income groups and essential sectors.
20d ago
KUALA LUMPUR, June 17 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has commended the Employees Provident Fund's (EPF) efforts in exploring new approaches to enhance Malaysian retirement adequacy.
21d ago
KUALA LUMPUR, June 17 (Bernama) -- Malaysia must be adaptive in its policies, have strong institutions, and maintain a clear vision of its chosen direction to achieve its goal of becoming a high-income economy, said Prime Minister Datuk Seri Anwar Ibrahim.
21d ago
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, June 16 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower on Monday as global risk sentiments improved, said an analyst.
21d ago
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, June 16 (Bernama) -- The ringgit ended higher against the US dollar, supported by a weaker US Dollar Index (DXY) which fell by 0.21 per cent to 97.979 points amid heightened uncertainties, an economist said.
21d ago
KUALA LUMPUR, June 16 (Bernama) -- Perma-Pipe International Holdings Inc reported a record net income of US$5.0 million for the first quarter (Q1) ended April 30, 2025, marking a 243 per cent increase from US$1.4 million in the same period last year. (US$1=RM4.23)
23d ago
KUALA LUMPUR, June 15 (Bernama) -- The expansion of the Sales and Service Tax (SST) beginning July 1, 2025, is seen as a timely and strategic move that provides businesses, particularly women-led enterprises, with the clarity and space to strengthen operations and build long-term resilience.
23d ago
KUALA LUMPUR, June 14 (Bernama) -- The Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry (KLSICCI) has urged the government to adopt a strategic, inclusive and phased approach in expanding the Sales and Service Tax (SST) to avoid unintended burdens on vulnerable groups and micro, small and medium enterprises (MSMEs).