Prime Minister Ismail Sabri Yaakob has revealed plans to re-implement the goods and services tax (GST), despite awareness of its unpopularity.
He said that this proposal is being made in an attempt to expand the government’s revenue base and carry the weight of public subsidies, considering the nation’s current economic state.
BFM speaks to Firdaos Rosli, chief economist at Malaysian Rating Corporation Berhad, and Dr Bridget Welsh, honorary research associate from the University of Nottingham’s Asia Research Institute-Malaysia. They talk about the possible re-introduction of GST, its impact and the timing of it all, and how public perception of it has been shaped by our political landscape.
Produced by: Alia Zefri and Natasha Fusil
Presented by: Lee Chwi Lynn and Sharmilla Ganesan