Say goodbye to the good old days of cheap prices

Slowing exports and tepid inflation have raised expectations that policy makers will need to consider adding to May

AFTER being zero rated from June 2018, the goods and services tax (GST) which was introduced in April 2015 has finally been abolished. Beginning Sept 1, the sales and services tax (SST) will take effect.

Although supported by economists as the most efficient broad-based consumption tax regime, the GST has unfortunately been solely blamed for the spiralling cost of living when, as a matter of fact, there were many other contributing factors.