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GST Not Suitable For Implementation Yet Because Rakyat's Income Still Low - PM Anwar

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.

Bursa Malaysia Opens Marginally Lower In Absence Of Catalyst

KUALA LUMPUR, June 20 (Bernama) -- Bursa Malaysia opened marginally lower in the absence of new catalyst, coupled with the closure of Wall Street on June 19, an analyst said.

Govt Expects Additional SST Revenue Of RM5 Bln In 2025, RM10 Bln In 2026 Following Revision

PETALING JAYA, June 18 (Bernama) -- The Sales and Service Tax (SST) collection is expected to increase by RM5 billion in 2025 and by RM10 billion in 2026 following the review and expansion of the tax scope, which will be implemented starting July 1.

Petronas To Use AI To Support Upstream Operations

KUALA LUMPUR, June 16 (Bernama) -- Petroliam Nasional Bhd (Petronas) is planning to use artificial intelligence (AI) to support its upstream operations, especially in oil and gas production, said its president and group chief executive officer, Tan Sri Tengku Muhammad Taufik. 

Global Oil Prices Surge Amid Escalating Conflict Around Strait Of Hormuz -- Petronas

KUALA LUMPUR, June 16 (Bernama) -- Global oil prices are surging in anticipation of a supply shock due to the escalating conflict around the Strait of Hormuz, according to Petroliam Nasional Bhd (Petronas).

Greener Pastures Leads High-profile Event On New Zealand Investor Visa

KUALA LUMPUR, June 12 (Bernama) -- A rising wave of investor interest in New Zealand’s Active Investor Plus (AIP) visa programme was evident at a high-profile seminar in Singapore, hosted by Greener Pastures New Zealand, in collaboration with ANZ Migrate and St. James’ Place.

Extended SST Timely And Essential To Beef Up Economic Resilience

A Commentary By Nurul Hanis Izmir

PUTRAJAYA, June 12 (Bernama) – Effective July 1, Malaysians will see a revised and extended version of the Sales and Service Tax (SST), one that, on closer inspection, was carefully crafted to strike a delicate balance between fairness, economic resilience and sustainable long-term financial stability for the country.

Local Agricultural Produce Not Subject To Sales Tax, Says MOF

KUALA LUMPUR, June 11 (Bernama) -- The Ministry of Finance (MOF) has clarified that agricultural produce grown in Malaysia are not subject to sales tax under the expanded Sales and Service Tax (SST).

SST Revision, Expansion For Equitable Taxation, Protection Of Vulnerable Groups -- Amir Hamzah

KUALA LUMPUR, June 11 (Bernama) -- The Sales and Service Tax (SST) revision and expansion exemplify the government’s commitment to progressive and equitable taxation that strengthens fiscal position while protecting those who need it most, said Finance Minister II Datuk Seri Amir Hamzah Azizan

Late Selling Pressure Drags Bursa Malaysia Into The Red

KUALA LUMPUR, June 10 (Bernama) -- Bursa Malaysia closed marginally lower on Tuesday, with the benchmark index slipping 0.16 per cent, reversing earlier gains as mild selling pressure emerged in the final hour of trading.

Targeted Revision Of Sales Tax Rate, Expansion Of Service Tax Scope Effective July 1, 2025

KUALA LUMPUR, June 9 (Bernama) -- The Ministry of Finance has issued a statement on the implementation of revised Sales Tax (ST) rates and expanded scope of the Service Tax effective July 1, 2025. The aim is to strengthen the country’s fiscal position by increasing revenue and broadening the tax base.

Bursa Malaysia Erases Early Gains To End Lower

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, June 3 (Bernama) -- Bursa Malaysia erased early gains to close lower for the sixth consecutive day today, weighed down by selling pressure in regional emerging markets due to concerns over the ongoing US tariff conflict, said an analyst.