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Widen SST scope before bringing back GST, says expert

Widen SST scope before bringing back GST, says expert Sean Augustin © Provided by Free Malaysia Today Firdaos Rosli, chief economist for Malaysian Rating Corporation Bhd has called for GST to be reintroduced within the next 10 years. (Bernama pic) PETALING JAYA: An expert in taxation has recommended that the goods and services tax (GST) be re-introduced only after the scope of the sales and services tax (SST) has been widened. SST currently covers 38% of goods and services. GST, when it was in force, covered 68%. Veerinderjeet Singh, a former president of the Chartered Tax Institute of Malaysia, said the government would, in theory, be able to collect more revenue if it were to widen SST’s scope.

Demand for Malaysia s corporate bond, sukuk issuances to remain healthy: MARC chief

Demand for Malaysia s corporate bond, sukuk issuances to remain healthy: MARC chief Farah Adilla KUALA LUMPUR: Demand for Malaysia s corporate bond and sukuk issuances is expected to remain healthy this year, industry executives said. They said as global rates were expected to remain low this year, appetite for higher yielding instruments such as sukuk should still be solid. They estimated Malaysia s bond and sukuk issuances to remain at between RM100 billion and RM110 billion in 2021, similar with last year, based on the narrative of re-building the nation in these challenging times. Malaysian Rating Corporation Bhd group chief executive officer Datuk Jamaludin Nasir said this was going to be backed by firmer crude oil prices, accommodative policies for Islamic finance and expectations for economic recovery.

Cautious approach best for health, economy

Cautious approach best for health, economy Sunpix PETALING JAYA: Measures to curb the spread of Covid-19 must be tempered with efforts to give the economy a much-needed boost. A medical expert and an economist theSun spoke to agreed that while measures to prevent another surge in infections must continue, some easing of restrictions are in order. Economist Dr Yeah Kim Leng said now that the work-from-home policy has been lifted, the next step will be to ease restrictions on interstate travel. Sharing similar views is Dr Victor Hoe Chee Wai Abdullah, who said that there must eventually be some semblance of normalcy.

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