The government will instead look to reduce subsidies enjoyed by Malaysia's wealthy. Read more at straitstimes.com.
KUALA LUMPUR - Malaysia has no plans to reintroduce a goods and services tax or any other broad-based consumption tax, Prime Minister Anwar Ibrahim said on Tuesday.
The government will instead look to reduce subsidies enjoyed by the wealthy, Datuk Seri Anwar, who is also finance minister, told Parliament.has ordered a review of Malaysia’s subsidy programme, prioritising aid for low-income groups, amid high government debt levels and rising living costs. Malaysia offers subsidies to all citizens, with transport fuel and cooking oil accounting for the biggest expense. It also subsidises electricity, sugar and flour.
Government debt and liabilities currently stood at RM1.5 trillion , or about 82 per cent of GDP, Mr Anwar said. “We need to find ways to increase revenue and conduct a public expenditure review without burdening the people,” he said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia will not reintroduce goods and services tax - PMKUALA LUMPUR : Malaysia has no plans to reintroduce a goods and services tax (GST) or any other broad-based consumption tax, Prime Minister Anwar Ibrahim said on Tuesday.The government will instead look to reduce subsidies enjoyed by the wealthy, Anwar, who is also finance minister, told parliament.
Read more »
Nurul Izzah steps down as adviser to her father Malaysian PM AnwarMs Nurul Izzah Anwar's appointment as senior economic and finance adviser to the prime minister took effect on Jan 3.
Read more »
Anwar’s daughter quits as economic adviser over nepotism accusations, joins finance minister’s panelKUALA LUMPUR – Malaysian Prime Minister Anwar Ibrahim’s eldest daughter, Ms Nurul Izzah Anwar, has stepped down as his economic adviser just over a month after her controversial appointment, but will co-chair a secretariat advising the finance minister instead. Read more at straitstimes.com.
Read more »
Malaysia’s ‘sin industries’ plan for rising Islamic conservatism ahead of state pollsGaming outlets and major breweries are making contingency plans to guard their earnings. Read more at straitstimes.com.
Read more »
Malaysia urges more Singaporeans to use e-gate facilities at Johor checkpointsOnly about 16,000 Singaporeans have used the e-gates since Jan 20, much lower than Malaysia's target of 35,000. Read more at straitstimes.com.
Read more »
Daughter of Malaysia’s ex-PM Najib to contest for Puteri Umno exco seatMs Nooryana is a member of the Umno Lembah Pantai division. Read more at straitstimes.com.
Read more »