Lim Guan Eng with Youth and Sports Minister Syed Saddiq Syed Abdul Rahman with Min-Liang Tan, co-founder of gaming hardware maker Razer, at the company’s new headquarters in Bangsar South, Kuala Lumpur.
Lim was responding to the Federation of Malaysian Manufacturers claim that cost of doing business escalated after SST was introduced to replace the goods and services tax abolished in May last year.
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Poll: SST raises cost of doing businessPETALING 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).
Source: staronline - 🏆 4. / 75 Read more »
Survey: SST raised business costs by up to 10pc | Malay MailKUALA LUMPUR, Feb 28 — Firms said the Sales and Services Tax (SST) caused their operating costs to increase by as much as a tenth, according to a survey by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (Mier). FMM president Datuk Soh Thian Lai... hahhahahahahaha tipu lah...mana boleh naik, itu menteri kata boleh turun boleh kawal....banyak tipu Which business? Please be specific
Source: malaymail - 🏆 1. / 86 Read more »
Finance minister offers to meet FMM after firms blame SST for rising costs | Malay MailKUALA LUMPUR, Feb 28 — Lim Guan Eng said he would meet the Federation of Malaysian Manufacturers (FMM) over a joint-survey concluding that the Sales and Services Tax (SST) raised operating costs for manufacturers by up to 10 per cent. Speaking to a press conference today, the finance minister... these manufacturers are profit driven ppl who refuse to absorb costs or provide national service. Malaysians suffers from lack of empathy. Only wants to take and take and enrich and enrich. We need to bring our ppl out of selfishness.
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Guan Eng: Acquisition exercise of four highways to take six monthsPUTRAJAYA: The government expects the acquisition exercise of the four highways to take six months, says Finance Minister Lim Guan Eng. DO NOT take over highways. guanenglim you are going about the wrong way. At the end we suffer. Identify profitable concession holders and CUT toll rates substantially... like what you did you UTAR funds Start with UEM who owns North South Highway and GAMUDA who owns KESAS Government already owns PLUS. Why bother about other highways? Start with PLUS if you are serious.
Source: staronline - 🏆 4. / 75 Read more »