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Budget 2019 economic highlights

* Federal Government’s debt and liabilities up to end June 2018 stood at RM1.065 trillionl, which is about RM350bil higher than the amount officially disclosed by the previous government.

Economic Report 2019: GDP to expand 4.9%

THE economy is forecast to grow at a slightly faster pace of 4.9% in 2019, driven by the private sector, though the government is concerned about the heightening global uncertainties.

KNM shares boosted by contract win

KUALA LUMPUR: Shares in KNM Group Bhd were boosted in early trade Friday after announcing a RM24mil contract from China National Chemical Engineering Co Ltd (CNCEC).

Malaysia moves up World Bank business index

PETALING JAYA: Malaysia moved up nine places to secure a global ranking of 15 in the World Bank’s business index after carrying out six business reforms in the past year.

SST and its impact on Budget 2019

IT is now almost two months since the heavily debated Sales Tax and Service Tax (SST) was reintroduced in Malaysia. The new tax regime replaces the goods and services tax (GST) after just three years of its launch, and is touted as a friendlier and more painless tax system for the rakyat.