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MoF: Big-ticket items should be taxed under SST yesterday

PETALING JAYA: Big-ticket items should be taxed under the new Sales and Services Tax (SST), said the Ministry of Finance (MoF) in response to the Royal Malaysian Customs Department's proposal on the list of goods to be exempted under the new tax reg...

Guan Eng says Najib aware of exact cost for LRT3 yesterday

KUALA LUMPUR: Finance Minister Lim Guan Eng said the former Prime Minister Datuk Seri Najib Razak was aware of the exact cost of the Light Rail Transit Line 3 (LRT3). Lim, who was speaking at a special luncheon during the Associated Chinese Chambers ...

BNM international reserves down 0.1% to US$104.6b as at July 13 yesterday

PETALING JAYA: Bank Negara Malaysia's (BNM) international reserves amounted to US$104.6 billion (RM425.2 billion) as at July 13, 2018, RM100 million or 0.1% lower than the US$104.7 billion as at June 29, 2018. The central bank said the reserves posit...

GST refund delays to blame too for higher prices as businesses passed on costs to consumers: Lim 2 days ago

PETALING JAYA: Delays in refunding claims for the Goods and Services Tax (GST) to businesses led them to passing on the costs to consumers, resulting in higher prices of goods, according to Finance Minister Lim Guan Eng. The GST is a multi-layer tax ...

SST simpler, has less impact on low-income group than GST: Lim 18-Jul-2018 12:00 AM

PETALING JAYA: Finance Minister Lim Guan Eng, in defending the government's decision to implement the Sales and Services Tax (SST) regime, promised that the structure will be simpler and tweaked to ensure that the impact on the lower income group wil...

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