Zero-rated GST will drive automotive sector, says New Hoong Fatt MD

KUALA LUMPUR: Automotive parts manufacturer New Hoong Fatt Holdings Bhd expects the local automotive sector to perform better in the second half of this year, following the implementation of the zero-rated goods and services tax (GST).

Managing director Chin Jit Sin said the zero-rated GST would be good for the economy as it would stimulate sales.