Bank Negara: SST impact on inflation smaller than GST


  • Economy
  • Friday, 17 Aug 2018

KUALA LUMPUR: The impact of the Sales and Services Tax (SST) on the country’s inflation would be much smaller compared to the Goods and Services Tax (GST), says Bank Negara.

Governor Datuk Nor Shamsiah Mohd Yunus said this was because 52% of the items in the Consumer Price Index (CPI) basket were subject to the GST, but only 28% were subject to the SST under the old SST regime.

She said this at a press conference on Malaysia’s second quarter Gross Domestic Product (GDP) growth here on Friday. - Bernama
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

US and UK should be welcoming talent, not driving it away
Short Position: Ringgit rebound, PETRONAS earnings
KWAP seeks stronger income growth
What’s in fashion
Brexiteers, no one wants your regulatory bonfire
EcoWorld redefines concept behind industrial parks
S’pore chips away at HK’s hedge fund dominance
Ringgit seen strengthening further
Hibiscus gets debt boost
Navigating a ‘perfect positive storm’

Others Also Read