The Malaysian government will target a goods and services tax (GST) rate that does not burden the people but is not so low that it “defeats the purpose of expanding tax revenue”, Prime Minister Ismail Sabri Yaakob has said.
Malaysian Prime Minister Ismail Sabri Yaakob (Photo: Reuters)
Kuala Lumpur (VNA) – The Malaysian government will target a goods andservices tax (GST) rate that does not burden the people but is not so low thatit “defeats the purpose of expanding tax revenue”, Prime MinisterIsmail Sabri Yaakob has said.
Malaysia is facing inflationarypressures due to rising food prices and cost of living.
The central bank ofMalaysia forecasts that inflation will be between 2.2 percent and 3.2 percentthis year. Earlier this month, the bank announced unexpectedly raised keyinterest rates to cool down inflation pressure.
The government has adopted price controls, but the cost of subsidies has placed a heavy burden onthe state budget.
The country is projected to spend 28billion ringgit (7 billion USD) on fuel subsidies in 2022 alone, more than doublethe 11 billion ringgit of last year, in addition to subsidies for cooking oil,sugar and flour .
In 2015, theleadership of the United Malays National Organisation (UMNO) party pꦰroposed the application of a new GST, however, three years 🌟later Mahathir Mohamad's administration rejected it after voters blamed the 6 percentconsumption tax for rising cost of living./.
Malaysia’s consumer price index (CPI) in April increased 2.3 percent to 125.9 compared with 123.1 in the same month last year, the Department of Statistics Malaysia has said.
Malaysian national carrier Malaysia Airlines has launched MHflypass ASEAN, a fixed-rate pass that allows multiple trips to destinations all-year-round across the region, the airline said in a statement.
A Malaysian official has underlined the need for a more resilient and flexible semiconductor supply chain for the country to navigate a course of robust and sustainable growth.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Malaysian Prime Minister Ismail Sabri Yaakob (Photo: Reuters) 
