Meanwhile, Malaysia’s currency is continuing its run as the best performer across emerging markets.
MALAYSIA: After it was reported earlier this week that Malaysia was considering bringing back a consumption tax in order to bolster its finances, a spokesman for the government has gone on record to deny this.
These sources, who also requested anonymity due to the private nature of the matter, however added that a decision had not yet been reached. Meanwhile, Malaysia’s currency is continuing its run as the best performer across emerging markets, strengthening by .2 per cent against the US dollar.
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