News Formal

Poll: SST raises cost of doing business

  • 📰 staronline
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 75%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

PETALING JAYA: The sales and service tax (SST), which was introduced in September 2018, have increased the cost of doing business among Malaysian manufacturers by up to 10%, according to a recent survey by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER).

The Pakatan Harapan government had previously assured Malaysians that the move to replace the GST with SST would reduce costs. The abolishment of GST and the introduction of SST were the centrepiece ofthe Pakatan manifesto for the 14th general election.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines