Temporary cut in GST possible if M'sian economy continues to weaken
AllianceDBS Research views it as a measure of last resort while others think it is unlikely
Add BT as a preferred source
Kuala Lumpur
PUTRAJAYA is not expected to increase the goods & services tax (GST) but to maintain the rate at 6 per cent in the coming budget. Still, if the economy continues to deteriorate next year, urgent fiscal stimulus will be required and as options are limited, AllianceDBS Research is of the view a temporary reduction should not be discounted.
An online survey conducted by the prime minister's web portal ahead of Budget 2017 - to be tabled on Oct 21 - revealed living costs, housing and urban issues, and healthcare as the top concerns.
TRENDING NOW
1 in 5 fresh graduates from autonomous universities still seeking employment: MOM
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Cold Storage moves into convenience retail with On The Go, to replace FairPrice at 58 Esso stations
Why copper is becoming Asia’s next AI bottleneck
