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Overall Impact Of SST Implementation On Households Estimated To Be Low And Manageable -- Lim

KUALA LUMPUR, Aug 26 (Bernama) -- The overall impact of the Sales and Service Tax (SST) implementation on households is estimated to be low and manageable, based on early Ministry of Finance (MOF) projections, said Deputy Finance Minister Lim Hui Ying.

Sunway Construction Shares Up After Being Spared From Anti-graft Probe

KUALA LUMPUR, Aug 20 (Bernama) -- Sunway Construction Group Bhd’s shares on Bursa Malaysia went up in the early session today after the company and its subsidiaries were spared from an ongoing anti-graft probe involving one of its employees.

Malaysia Remains Committed To Reactivating D-8 Economic Cooperation - MITI

KUALA LUMPUR, Aug 18 (Bernama) -- Malaysia remains committed to reactivating economic cooperation with member countries of the Developing Eight (D-8) through various strategic initiatives, according to the Ministry of Investment, Trade and Industry (MITI).

Expanded SST Designed To Be Progressive, Fairer -- Amir Hamzah

KUALA LUMPUR, Aug 18 (Bernama) -- The government made the decision to maintain the Sales and Service Tax (SST) with an expanded scope after considering both SST and the Goods and Services Tax (GST), according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

SST Maintained Due To Broad Industry Understanding – MOF

KUALA LUMPUR, Aug 13 (Bernama) -- The government is of the view that revenue collection under consumption tax through the Sales and Service Tax (SST) should be continued and can be further improved, as it is an existing tax that is already understood by the industry, traders, and the public.

FMM Calls For Clear Guidance, Support Measures Following Proposed US Tariff On Semiconductors

KUALA LUMPUR, Aug 7 (Bernama) -- Clear and timely guidance is crucial to maintaining investor confidence and preventing disruptions to supply chains that are integrated with the United States and global markets, according to the Federation of Malaysian Manufacturers (FMM).

Gov't To Consider Raising I-BAP Allocation Following Overwhelming Response - Ramanan

KUALA LUMPUR, Aug 7 (Bernama) -- The government will consider raising the allocation for the Business Accelerator for Indian-owned companies (I-BAP) to RM10 million in the upcoming Budget following overwhelming response since its launch in October last year.

Malaysia’s 13MP GDP, Fiscal Deficit Targets Are Attainable -- CGS

KUALA LUMPUR, Aug 1 (Bernama) -- CGS International Securities Malaysia Sdn Bhd believes the average gross domestic product (GDP) growth target of 4.5–5.5 per cent under the 13th Malaysia Plan (13MP), along with the fiscal deficit target of three per cent of GDP by 2030, is attainable.

13MP Diversifies Strategies To Keep Malaysia Resilient While Promoting Prudent Spending - Economists

By Durratul Ain Ahmad Fuad & Siti Noor Afera Abu

KUALA LUMPUR, July 31 (Bernama) -- The 13th Malaysia Plan (13MP) has been crafted with the core objectives of the MADANI Economy framework at its foundation while maintaining the flexibility to navigate both domestic and external uncertainties over the next five years, said an economist.

Zetrix AI Continues To Offer immigration Services Despite Contract Expiry

KUALA LUMPUR, July 30 (Bernama) -- Zetrix AI Bhd (formerly known as My E.G. Services Bhd), can continue to offer immigration related services within the scope of any other agreements with the government, although the term of the agreement to provide such services to the Immigration Department has ended with immediate effect. 

Proceeds Of Import, Export Activities Of Electricity, Re To Benefit The People - PETRA

KUALA LUMPUR, July 30 (Bernama) -- The government is prepared to manage electricity import and export activities as well as renewable energy (RE) trading where the proceeds will be deposited into the Kumpulan Wang Industri Elektrik (KWIE) fund which will benefit the people.

Govt Cancels High-value Goods Tax Implementation - MOF

KUALA LUMPUR, July 30 (Bernama) – The government has decided not to proceed with the implementation of the high-value goods tax (HVGT), according to the Finance Ministry (MOF).