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KUALA LUMPUR: The latest RAM Business Confidence Index (RAM BCI) revealed a slight moderation in firms’ sentiment on business performance and demand prospects in the next six months due to the escalating trade wars and the transitional period of the Sales and Services Tax (SST).
PETALING JAYA: Cigarettes and tobacco products sold in restaurants have been exempted from the Sales and Services Tax (SST) following appeals, said Finance Minister Lim Guan Eng.
GEORGE TOWN: Finance Minister Lim Guan Eng is urging restaurants and coffee shops imposing a 10% service charge to be "reasonable" and reduce it, as it is quite high.
PETALING JAYA: Helped by an easier rise in the prices of fuels, Malaysia’s inflation moderated to its slowest pace in 42 months in August, lower than consensus estimates.
KUALA LUMPUR: RHB Research expects Malaysia's real gross domestic product (GDP) to grow at five per cent this year and next year, slower than the 5.9 per cent achieved in 2017 due to weakening external demand.
KUALA LUMPUR: Higher prices will persist following the implementation of the Sales and Services Tax (SST), particularly for tobacco products and alcohol, whereby importers and manufacturers have planned to pass the tax down to consumers.
KUALA LUMPUR: The banking industry’s loan growth picked up from 4.4% year-on-year (y-o-y) at end-March 2018 to 5% y-o-y at end-June 2018.