Published
Bank Negara Malaysia governor Muhammad Ibrahim commented on the new government's announcement about GST being zero-rated beginning in June.
He said Bank Negara expects prices of goods and services previously taxed under GST to decline, and stressed that it is very important for businesses to pass this onto consumers.
"On top of that, the relevant authorities should ensure that enforcement is done to make sure that consumers benefit from the reduction of GST from six to zero percent," he said.
Most likely, he said, the zero-rated GST would also have an impact on inflation but it is too early to calculate right now.
Regarding the ringgit, Muhammad said the currency saw some volatility right after the general elections, but that it stabilised very quickly afterwards.
He said Bank Negara expects prices of goods and services previously taxed under GST to decline, and stressed that it is very important for businesses to pass this onto consumers.
"On top of that, the relevant authorities should ensure that enforcement is done to make sure that consumers benefit from the reduction of GST from six to zero percent," he said.
Most likely, he said, the zero-rated GST would also have an impact on inflation but it is too early to calculate right now.
Regarding the ringgit, Muhammad said the currency saw some volatility right after the general elections, but that it stabilised very quickly afterwards.
- Category
- TV Saluran - TV Channel
Sign in or sign up to post comments.
Be the first to comment
Up Next
Autoplay
-
00:58
Nor Shamsiah is Bank Negara's new governor
-
01:39
Bank Negara Governor: Nobody wins in a trade war
-
00:58
MGNews : KUSKOP Minta Bank Negara Pertimbang Penubuhan Bank Digital
-
04:30
Kecuaian Bank Negara dalam isu 1MDB imej buruk pada negara - Anwar
-
01:01
Bank Negara raises OPR to 3%
-
01:04
Bersih 4: Scene from Bank Negara
-
00:55
Tun M: 'Somebody' in Bank Negara knows about the land deal
-
01:30
Bank Negara Naikkan Lagi OPR #MGFlash
-
01:15
We can act without AG, says Bank Negara
-
00:49
Bank Negara won't peg currency despite depreciation
-
02:33
DAP provides a letter to Bank Negara Malaysia
-
01:59
No one pushed me out, says outgoing Bank Negara governor
-
01:41
Bank Negara: Depreciation of ringgit
-
03:00
Bank Negara's Q3 report
-
03:03
Arul to Bank Negara - we adhere but...
-
01:13
Bank Negara seeks Jho Low's associates
-
03:00
Fact Sheet - August 13: Bank Negara 'recommends enforcement action' on 1MDB
-
10:19
Anwar: Bank Negara teroka penggunaan ringgit untuk dagangan antara negara
-
00:58
Bank Negara: 1MDB
-
02:21
RCI on Bank Negara's forex losses begins
-
01:11
Arul: We await Bank Negara's decision
-
01:23
Bank Ada Keupayaan Beri Pinjaman Perniagaan, Isi Rumah - Bank Negara
Loading...