Bank Negara expects prices of goods and service to fall after GST reduced to zero

  • Banking
  • Thursday, 17 May 2018

KUALA LUMPUR: Bank Negara Malaysia ( BNM) expects the price of goods and services to decline following the new government's announcement to reduce the Goods and Services Tax to zero per cent on June 1, 2018.

Governor Tan Sri Muhammad Ibrahim said it was important for the relevant authorities to ensure that businesses pass the benefit to  the public at large.

Banking , Economy