The Malaysian Pulse
Beat of the Nation
Wed, 16 Oct 2019, 5:13 PM
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Topic: GST

Star TV:
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Economists: Growth forecast for 2020 'quite optimistic'
Tax experts and economists have deemed Malaysia’s economic growth forecast of 4.8% next year as being “quite optimistic,” in light of the challenging external environment.On the sales and servic...
The Edge Markets:
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Budget 2020 addresses economic growth, narrowing gaps
KUALA LUMPUR (Oct 14): The 2020 Budget tabled on Friday (Oct 11) has principally addressed ways to drive the country’s economic development in the midst of global economic uncertainties.
Free Malaysia Today:
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BN stole GST refunds, Guan Eng insists
KUALA LUMPUR: Finance Minister Lim Guan Eng today maintained that the Barisan Nasional (BN) government “stole” refunds from the goods and services tax (GST) which should have been returned to busi...
Malay Mail:
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Budget 2020: A Budget for Malaysians ― Harjit Singh Sidhu
OCTOBER 12 ― The highly anticipated Shared Prosperity Budget, which has been tabled by Finance Minister Lim Guan Eng was the second budget since Pakatan Harapan came to power in May 2018, clearly di...
Malay Mail:
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Manufacturers feel Malaysia more competitive if corporate tax cut in Budget 2020
IPOH, Oct 12 — The government should have reduced corporate tax to stay competitive against its Southeast Asian neighbours, Federation of Malaysian Manufacturers (FMM) Perak chairman Datuk Gan Tack ...
The Borneo Post:
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Driving economic growth
Govt allocates RM297 billion in Budget 2020, targets prosperity for all Malaysians Prime Minister Tun Dr Mahathir Mohamad, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail (front right and s...
The Star:
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Strike a right balance between fueling growth and curtailing debt, says OCBC economist
KUALA LUMPUR: Finance Minister Lim Guan Eng will have to strike a right balance between the cyclical need of juicing up growth at a time of heightened global...
Free Malaysia Today:
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2020 Budget hits and misses
PETALING JAYA: Economists from two think tanks have voiced disappointment over the continued racial emphasis in the 2020 Budget, saying the national budget should be geared towards needs-based initiat...
Malay Mail:
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RM15.9b GST refunds repaid to 78,000 companies as of September this year
KUALA LUMPUR, Oct 11 — Finance Minister Lim Guan Eng said today the federal government has managed to repay outstanding Goods and Services Tax (GST) refunds amounting to RM15.9 billion to more than ...
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Highlights of Budget 2020 proposals
Highlights of Budget 2020
AsiaOne:
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Malaysia says no plans to reintroduce GST
KUALA LUMPUR - Malaysia will not reintroduce a goods and services tax (GST) that was repealed last year, Finance Minister Lim Guan Eng said on Friday (Aug 11), presenting this government's second budg...
The Straits Times:
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Malaysia says no plans to reintroduce GST
KUALA LUMPUR (REUTERS) - Malaysia will not reintroduce a goods and services tax (GST) that was repealed last year, Finance Minister Lim Guan Eng said on Friday (Oct 11), presenting this government's s...
Malay Mail:
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Budget 2020: Putrajaya says no to reintroduction of GST
KUALA LUMPUR, Oct 11 — The Pakatan Harapan (PH) government does not plan to reintroduce the Goods and Services Tax despite trade tensions weighing on the economy.
Malay Mail:
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Finance Ministry: SST to collect RM28.3b in 2020
KUALA LUMPUR, Oct 11 — The Finance Ministry (MoF) said the Sales and Services Tax (SST) is forecast to register at least RM28.3 billion in tax collection next year.
The Borneo Post:
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LIVE UPDATE: Guan Eng tables 2020 Budget in Dewan Rakyat
KUCHING: Finance Minister Lim Guan Eng is currently tabling the much awaited 2020 Budget in the Dewan Rakyat.
The Star:
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Economic Outlook 2020: Highlights of Federal Govt revenue
Federal Govt Budget RM297.02bil of which 45.1% will come from income tax; non-tax revenue 18.4%, borrowings 17.7%, indirect tax 15.9% and other direct...
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BN govt would never sell strategic assets, says Najib
NATIONAL strategic assets would never be sold if Barisan Nasional were still the government, says Datuk Seri Najib Razak.
The Star:
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Call for broader Malaysia SST and income tax
PETALING JAYA: A day before Budget 2020, the World Bank has recommended that the government broaden the coverage of items under the sales and service tax (SST)...
Free Malaysia Today:
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Khazanah never sold strategic assets under BN govt, says Najib
KUALA LUMPUR: Former prime minister Najib Razak today insisted that the Barisan Nasional (BN) government had never sold any strategic government assets under Khazanah Nasional Berhad.
The Edge Markets:
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BN Govt kept Khazanah profitable every year, Najib claims
KUALA LUMPUR (Oct 10): Pointing out that Khazanah Nasional Bhd had been profitable during Barisan Nasional’s administration, former premier Datuk Seri Najib Razak today blamed the Pakatan Harapan Go...
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Najib: Strategic assets would never be sold if BN still in power
KUALA LUMPUR: Strategic assets would never be sold if Barisan Nasional was still administering the country, said former premier Datuk Seri Najib Razak.
The Edge Markets:
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No GST, please!
KUALA LUMPUR (Oct 10): The Goods and Services Tax (GST) has been (and still is being) touted by some tax experts and economists as being the most efficient and broad-based tax system.
Malay Mail:
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Umno sec-gen says no alternative Budget 2020, last year’s still valid
KUALA LUMPUR, Oct 10 — The Opposition will not be presenting its shadow Budget for 2020 when the government tables its version in Parliament tomorrow, Tan Sri Annuar Musa said today.
The Star:
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Aeon upgraded to ‘buy’ on stronger earnings expansion
KUALA LUMPUR: Affin Hwang Capital research has upgraded Aeon Co (M) Bhd to a “buy” call with a higher target price of RM1.79 as it forecasts stronger earnings...
The Star:
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Fiscal deficit of 3.2% of GDP projected
KUALA LUMPUR: Standard Chartered Global Research projects a 2020 fiscal deficit of 3.2% of gross domestic product, above the government’s target to narrow the...
Malay Mail:
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Taxes improve democracy
OCTOBER 10 — Here’s the truth, the GST is coming back.
Channel NewsAsia:
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Commentary: The big expectations for Malaysia's 2020 budget
KUALA LUMPUR: When campaigning for the May 2018 general election, Malaysia’s Pakatan Harapan (PH) promised to reduce people's burden and implement institutional reforms.
The Star:
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StanChart Global research expects moderation in fiscal consolidation
KUALA LUMPUR: Standard Chartered Global Research projects a 2020 fiscal deficit of 3.2% of gross domestic product, above the government's target to narrow the...
AsiaOne:
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Revenue from sales and service tax to exceed that collected from GST in years to come: Malaysia PM Mahathir
KUALA LUMPUR - Revenue collected from the sales and service tax (SST) is expected to exceed the amount collected under the goods and services tax (GST), said Malaysian Prime Minister Mahathir Mohamad...
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Affin Hwang upgrades Aeon Co to "Buy", raises TP to RM1.79.
KUALA LUMPUR: Affin Hwang Capital research has upgraded Aeon Co (M) Bhd to a "buy" call with a higher target price of RM1.79 as it forecasts stronger earnings...
The Star:
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Widen scope of SST if it’s here to stay, say experts
PETALING JAYA: If the Sales and Service Tax (SST) is to stay, the government must widen its tax net to match the income collected under the Goods and Services Tax (GST) regime, say economists and tax practitioners.
The Straits Times:
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SST collection to exceed GST's: Mahathir
KUALA LUMPUR • Revenue collected from the sales and service tax (SST) is expected to exceed the amount collected under the goods and services tax (GST), Malaysian Prime Minister Mahathir Mohamad sai...
The Edge Markets:
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EVENING 5: Five things you need to know today
Dirty dealings. Corporate battles.
Free Malaysia Today:
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Unfulfilled PH manifesto is ‘fake news’, says Ahmad Maslan
KUALA LUMPUR: Barisan Nasional MP Ahmad Maslan today criticised the Pakatan Harapan manifesto, saying it could be qualify as fake news since a lot of the promises remain unfulfilled.
The Straits Times:
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Revenue from sales and service tax to exceed that collected from GST: Malaysia PM Mahathir
KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) - Revenue collected from the sales and service tax (SST) is expected to exceed the amount collected under the goods and services tax (GST), said Malaysian Pri...
Free Malaysia Today:
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Thanks but no thanks, Dr M tells Maslan on free GST advice
KUALA LUMPUR: Dr Mahathir Mohamad today thanked former deputy finance minister Ahmad Maslan for his offer of free advice on the tax system but said the sales and services tax (SST) is here to stay.
EdgeProp.my:
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GST reimplementation to heat up Dewan Rakyat Q&A session today
KUALA LUMPUR (Oct 8): The government’s direction on the proposal to reimplement the Goods and Services Tax (GST) tax system will be among the main focus of the Dewan Rakyat today.
Malay Mail:
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Dr M: SST revenue will top GST’s in coming years
KUALA LUMPUR, Oct 8 — Prime Minister Tun Dr Mahathir Mohamad defended the Sales and Service Tax (SST) in Parliament today, saying its collections would surpass that of the repealed Goods and Service...
Malaysiakini:
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Details of targeted fuel subsidies announced, and 9 news from yesterday
KINI ROUNDUP | Here are key headlines you may have missed yesterday, in brief. 1.
Malaysiakini:
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GST should not be reintroduced, impose CGT instead
LETTER | The debacle on the GST resurfaces after Dr Mahathir Mohamad responded that GST may be reintroduced again should Malaysians ask for it.
Malay Mail:
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Bursa seen to languish in the near term
KUALA LUMPUR, Oct 5 — Bursa Malaysia is expected to further weaken next week, with the benchmark FTSE Bursa Malaysia (FBM KLCI) likely to languish towards the 1,540 level, depressed by worries over ...
KiniTV:
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Guan Eng: Decide if you want GST at 6% or no GST
Finance Minister Lim Guan Eng said there must be “incontrovertible” evidencethat the people wanted to restore goods and services tax (GST) before thegovernment would consider bringing the taxation...
Malaysiakini:
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Dr M advises HK leader to step down and 8 other things that happened yesterday
KINI ROUNDUP | Key headlines you may have missed yesterday, in brief. 1.
theSun:
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Better to continue with SST, just improve on it, says Anwar
KUALA LUMPUR: Datuk Seri Anwar Ibrahim (pix) in his capacity as Parliamentary Caucus on Reformation and Governance chairman thinks it is better for the government to maintain the sales and service tax...
The Star:
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GST abolition helped contain inflation, says Lim
PUTRAJAYA: Amid calls for the Goods and Services Tax (GST) to be reinstated, the Finance Minister maintains that eliminating it helped contain inflation.
The Star:
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Najib plans to rally support for Tanjung Piai
PONTIAN: Datuk Seri Najib Razak has charged that the people were in “better hands” under his administration which gave them higher handouts.
AsiaOne:
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Experts support Malaysia's return to GST
PETALING JAYA - The idea to reintroduce the goods and services tax (GST) to cushion the government's coffers amid the prevailing lower oil price, uncertain economic growth from the continuing US-Chin...
Free Malaysia Today:
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Better to continue with SST, improve on it, says Anwar
KUALA LUMPUR: Anwar Ibrahim thinks it is better for the government to maintain the sales and services tax (SST). “To my mind, I think we should proceed with the SST, improve where necessary and make...
Malay Mail:
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Revert to GST? Improve, reform SST first, urges Anwar
KUALA LUMPUR, Oct 4 — Putrajaya should maintain the current Sales and Service Tax (SST) system and work towards reforming and improving it, before even considering reinstating the controversial Good...
Malay Mail:
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No GST unless Malaysians give mandate for it, says minister
PUTRAJAYA, Oct 4 — Lim Guan Eng today assured Malaysians that the controversial goods and services tax (GST) will not return unless there is indisputable proof that the public is in favour of it.
The Star:
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Guan Eng on reviving GST: Respect mandate given by the people, Pakatan presidential council to decide
PUTRAJAYA: The decision to bring back the abolished Goods and Services Tax (GST) will be made by the Pakatan Harapan presidential council, says Lim Guan Eng.
The Star:
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Anwar: Continue with SST, improve where necessary
KUALA LUMPUR (Bernama): It is better for the government to maintain the Sales and Service Tax (SST), says Datuk Seri Anwar Ibrahim.
The Edge Markets:
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Better to continue with SST, just improve on it, says Anwar
KUALA LUMPUR (Oct 4): Datuk Seri Anwar Ibrahim in his capacity as Parliamentary Caucus on Reformation and Governance chairman thinks it is better for the Government to maintain the sales and service t...
The Edge Markets:
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PM did not say GST will be implemented right away — Saifuddin Nasution
PUTRAJAYA (Oct 3): Prime Minister Tun Dr Mahathir Mohamad's statement on Goods and Services Tax (GST) today does not mean a decision had already been made to re-introduce the broad-based consumption t...
The Borneo Post:
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Pertunas welcomes govt’s willingness to study GST re-introduction
KUALA TERENGGANU: Persatuan Tunas Usahawan Nasional (Pertunas) has welcomed the government’s willingness to consider the re-introduction of the Goods and Services Tax (GST). Its secretary-general, ...
theSun:
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E-commerce huge tool to promote Buy Malaysian campaign: Saifuddin
KUALA LUMPUR: The government views the e-commerce platform as a huge marketing tool to promote its Buy Malaysian campaign, said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasuti...
The Edge Markets:
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More sewage treatment plants to be built under 12th Malaysia Plan — Xavier
KAJANG (Oct 3): The Government plans to build several sewage treatment plants based in States such as Kelantan, Pahang and Johor under the 12th Malaysia Plan (12MP), says Water, Land and Natural Resou...
The Edge Markets:
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Pertunas welcomes Govt's willingness to study GST re-introduction
KUALA TERENGGANU (Oct 3): Persatuan Tunas Usahawan Nasional (Pertunas) has welcomed the Government’s willingness to consider the re-introduction of the Goods and Services Tax (GST). Its secretary-ge...
Free Malaysia Today:
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Bringing back GST shows Putrajaya is desperate, says Sabah activist
KUCHING: A vocal activist in Sabah is criticising Putrajaya for considering the reintroduction of the goods and services tax (GST), saying it showed the federal government is financially desperate.
theSun:
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More sewage treatment plants to be built under 12th Malaysia Plan: Xavier
KAJANG: The government plans to build several sewage treatment plants based in states such as Kelantan, Pahang and Johor, under the 12th Malaysia Plan (12MP), says Water, Land and Natural Resources Mi...
The Edge Markets:
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EVENING 5: Five things you need to know today
Dirty dealings. Corporate battles.
EdgeProp.my:
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More sewage treatment plants to be built under 12th Malaysia Plan: Xavier
KAJANG (Oct 3): The government plans to build several sewage treatment plants based in states such as Kelantan, Pahang and Johor, under the 12th Malaysia Plan (12MP), says Water, Land and Natural Res...
Malay Mail:
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Minister: More sewage treatment plants to be built under 12th Malaysia Plan
KAJANG, Oct 3 — The government plans to build several sewage treatment plants based in states such as Kelantan, Pahang and Johor, under the 12th Malaysia Plan (12MP), says Water, Land and Natural Re...
Malay Mail:
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Ringgit rises as weak dollar spurs demand
KUALA LUMPUR, Oct 3 — The ringgit further improved to end higher against the US dollar today as the greenback lost its shine amid worries over deepening US economic gloom.
kopiandproperty.com:
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PM: We will study if GST is better than SST. (if that’s what people believe)
A recent article about MIER’s assessment of GST as well as my personal thoughts here: MIER: Bring back GST as it is fair to all walks of life.
Free Malaysia Today:
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Govt will need time to restudy GST, says Xavier
KAJANG: Water, Land and Natural Resources Minister Xavier Jeyakumar says the goods and services tax (GST) will not be brought back if the people are not in favour of it.
KiniTV:
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PM: If the people want it, GST could make a comeback
The government will study the possibility of re-introducing the goods and servicestax (GST) if that is what the rakyat wish for, Prime Minister Dr Mahathir Mohamadsaid today.“Well, if the people bel...
Malay Mail:
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Putrajaya must find ways to put more money in Malaysians’ pockets, says Gerakan
GEORGE TOWN, Oct 3 — The federal government must look at increasing the people’s disposable income to spur the economy, Gerakan said today.
Free Malaysia Today:
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Economists back return of GST, say it’s easier for businesses
PETALING JAYA: Two economists and a former minister have backed a think tank’s call for Putrajaya to reintroduce the abolished goods and services tax (GST) ahead of Budget 2020.
theSun:
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Govt to study reintroduction of GST if people want it: Mahathir
PUTRAJAYA: The goods and services tax (GST) can be studied again if the people want it back, says Prime Minister Tun Dr Mahathir Mohamad (pix).
Star TV:
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Bring GST back? Dr M says govt will consider if people want it
The government will study calls to reintroduce the Goods and Services Tax (GST) if that is what the people want, Tun Dr Mahathir Mohamad said when met by reporters after launching the Security and Pub...
Free Malaysia Today:
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We can consider bringing back GST, says Dr M
PUTRAJAYA: Dr Mahathir Mohamad says the government has no problem bringing back the goods and services tax (GST) it abolished last year, after a think tank said the consumer tax could be reintroduced ...
The Star:
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Bring GST back? Dr M says govt will consider if people want it
PUTRAJAYA: The government will study calls to reintroduce the Goods and Services Tax, if that is what the people want, says the Prime Minister.
Malay Mail:
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Malaysia afloat, captain and first mate playing hide and seek
OCTOBER 3 — Citizens speculate daily whether or when Anwar Ibrahim replaces Mahathir Mohamad.
theSun:
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Perils of reintroducing GST
KUALA LUMPUR: The impact on the people and prices of goods, as well as government revenue, is among the important aspects to be heeded in making a decision on whether the goods and services tax (GST) ...
Malay Mail:
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Reintroduction of GST poses a challenge to changing people’s perception, says Fomca deputy chief
KUALA LUMPUR, Oct 2 — The impact on the people and prices of goods, as well as government revenue, is among the important aspects to be heeded in making a decision on whether the goods and services ...
kopiandproperty.com:
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MIER: Bring back the GST. ‘fair to all walks of life.’
I am one of the few people who debated pretty seriously with many people about GST versus SST.
The Edge Markets:
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EVENING 5: Five things you need to know today
Dirty dealings. Corporate battles.
Free Malaysia Today:
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Bring back GST, think tank urges govt ahead of budget
KUALA LUMPUR :The Malaysian Institute of Economic Research (MIER) is urging the government to re-introduce the goods and services tax (GST) in the 2020 Budget at a lower rate of 3%.
Free Malaysia Today:
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Najib predicts Putrajaya will miss deficit target
PETALING JAYA: Former prime minister Najib Razak says he is confident the government will miss its target of holding the budget deficit to 3% of the gross domestic product (GDP). Speaking to FMT about...
The Star:
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‘Govt needs to widen tax base’
KUALA LUMPUR: The government has to widen its tax base to strengthen the country’s fiscal position because the current system based on the Sales and Services Tax...
Malaysiakini:
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Improve tax base to strengthen fiscal position - experts
In today’s challenging economic environment, the government has to improve its tax base in order to strengthen the country’s fiscal position.
Malay Mail:
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Budget 2020: Improve tax base to strengthen fiscal position, say experts
KUALA LUMPUR, Sept 29 — In today’s challenging economic environment, the government has to improve its tax base in order to strengthen the country’s fiscal position.
The Star:
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By-election could come down to the candidate
Even though the Tanjung Piai by-election will not change the political equation of the Federal government, it will be keenly watched.
theSun:
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Four Malaysians nabbed in Singapore over smuggled cigarettes
SINGAPORE: Four Malaysians were among 13 men arrested for dealing with smuggled cigarettes, during a two-day raid by Singapore Customs last week.
Malay Mail:
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Four Malaysians nabbed in Singapore for smuggling cigarettes
SINGAPORE, Sept 26 — Four Malaysians were among 13 men arrested for dealing with smuggled cigarettes in a two-day raid by Singapore Customs last week.
The Star:
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RAM sees inflation creeping up to 1.5% in August
KUALA LUMPUR: RAM Ratings expects the country’s overall inflation rate to rise to 1.5% in August from 1.4% in July on higher food costs.
The Star:
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RAM Ratings sees inflation rising to 1.5% in August
KUALA LUMPUR: RAM Ratings expects the country's overall inflation rate to rise to 1.5% in August from 1.4% in July on higher food costs.
The Edge Markets:
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HLIB Research sees strong demand for Proton, Perodua and Toyota new models
KUALA LUMPUR (Sept 23): HLIB Research has maintained its total industry volume (TIV) forecasts of 596,600 units for 2019, buoyed by strong demand for Proton, Perodua and Toyota new models.
Malay Mail:
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Survey: Despite Pakatan win in GE14, rural voters still back BN, Umno
KUALA LUMPUR, Sept 19 — Rural Malay votes backing Umno-Barisan Nasional (BN) remain unchanged due to issues that the government has failed to address despite Pakatan Harapan’s (PH) unprecedented w...
Malay Mail:
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Indian tax panel unlikely to favour tax rate cut for auto sector -sources
NEW DELHI, Sept 17 — India’s goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue ...
The Star:
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Same old, same old
THE front page of Sabah’s Daily Express newspaper yesterday screamed “No 20pc oil royalty for now”.In a press conference in Kuala Lumpur on Friday, Finance Minister Lim Guan Eng delivered bad ne...
The Star:
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Guan Eng: No, govt will not be bringing back GST
KUALA LUMPUR: The government will not be bringing back the Goods and Services Tax (GST), says Finance Minister Lim Guan Eng.
Malay Mail:
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‘Here and now’: India’s auto industry urges government action to fight slowdown
NEW DELHI, Sept 6 — India’s top auto industry executives called for the government yesterday to take urgent steps to revive a sector crippled by plunging sales, leading to hundreds of thousands of...
Free Malaysia Today:
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Najib blames PH for increase in racial sentiments, political uncertainty
PETALING JAYA: Najib Razak has hit out at Pakatan Harapan, accusing the ruling coalition of raising racial controversies and then putting the blame on Umno and Barisan Nasional.
Malay Mail:
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MIDF projects Malaysia’s Q3 GDP to grow above 5.0pc
KUALA LUMPUR, Aug 29 — MIDF Research expects Malaysia’s gross domestic product (GDP) in the third quarter of this year (Q3) to grow above 5.0 per cent, supported by business confidence that conti...
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PH may lose if GE is held tomorrow, says PPBM man
GOMBAK: PPBM chief strategist Rais Hussin says Pakatan Harapan will be staring at defeat at the next general election, adding that the coalition’s leaders have stopped listening to the people.
theSun:
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IRB denies viral claim taxpayer info is recorded based on race
PETALING JAYA: The Inland Revenue Board (IRB) today denied a viral claim on social media that taxpayers data is recorded based on race.
Malaysiakini:
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Taxes take a racial twist – IRB labels viral data fraudulent
With issues of race and religion continuing to dominate the Malaysian political and social landscapes, it appears that even taxes are not spared.
PaulTan.org:
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Kia prices increase RM1k to RM5k due to excise duties
Earlier this month, Kia dealers began posting on social media about a price increase on certain models, due to a change in policy regarding excise duties.
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