Zeti: M'sia can meet revenue requirement without GST


(Updated )

Malaysia can meet its revenue requirements even after shelving the goods and services tax (GST) by prioritising its projects, increasing the efficiency of the public sector, avoiding wastage and exploring new sources of revenue, says Zeti Akhtar Aziz.

The former Bank Negara governor also expressed her confidence in the country's economy which can be steered towards the right direction and the 100-day time frame is certainly adequate to provide clarity and make necessary adjustments and changes.

"I think that is what the markets want too. They want to see the commitment and the clarity in what is going to be done (by the government)," Zeti told Bernama after attending separate briefing sessions with international credit rating agencies Moody's Investors Service, Standard & Poor’s Global Ratings and Fitch Ratings in Kuala Lumpur today.

The first woman governor, who helmed the central bank for 16 years, is a member of the Team of Eminent Persons established by Prime Minister Dr Mahathir Mohamed on Saturday.

Chaired by previous finance minister Daim Zainuddin, other members of the team include ex-Petronas president and chief executive officer Mohd Hassan Marican, economist prof Jomo Kwame Sundaram and billionaire tycoon Robert Kuok.
 





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