Slower consumer sector seen next year on goods and services tax

PETALING JAYA: A slower 2015 is expected for the consumer sector as the subsidy rationalisation programme continues and with the implementation of the goods and services tax (GST) on April 1, RHB Research Institute said.

Said its analyst Fong Kah Yan: “Rising inflationary pressure from the implementation of the tax and the higher living costs from the rationalisation of subsidies could weigh on spending.