Possible reintroduction of GST negative for telcos

KUALA LUMPUR: There is concern over the negative impact on the telco sector should prepaid users once again have to foot a tax in the event the Goods and Services Tax (GST) is reintroduced in 2023.

RHB Research said in a note that the reintroduction of the GST would further compound the weakness in the prepaid market as subscribers are likely to reduce their usage.