Brace for price hikes: SST expansion to impact goods, services

Brace for price hikes: SST expansion to impact goods, services

By Yasmin Ramlan SHAH ALAM, June 25 — Three major policy changes are set to come into force starting July 1, as part of the government’s efforts to strengthen the country’s fiscal position, promote energy efficiency, and phase out outdated fuel technologies. They are the expansion of the Sales and Services Tax (SST), an adjustment to the electricity tariff in Peninsular Malaysia, and a complete ban on the registration and use of all natural gas …

UEM Sunrise expects little impact from expanded SST, says most projects exempt

Officer-in-charge and chief financial officer Hafizuddin Sulaiman: “We had anticipated the potential impact and have already accounted for SST impli...