The ratings agency adds that GST had successfully reduced M'sia’s reliance on oil-related revenue.
Abdul Aziz Isa hopes rakyat will give the government ample time to fulfil other election pledges.
He calls the slashing of the politically-linked contract workers as 'cruel' and blames the GST cut.
YOURSAY | ‘Well, we have to take that risk. We did that in 1998 and we survived…’
The travel association says the move will boost the domestic travel industry.
Rising oil prices and SST will not make up for the loss of GST revenue, says BMI Research.
Its Governor Muhammad Ibrahim says the authorities must ensure that businesses pass the benefit to the public at large.
LETTER | I would recommend that the gov't maintains GST but reassess its implementation mechanism.
Gov't to plug shortfall from 0pct GST by becoming more efficient and plugging leakages.
Policy measures, such as abolishing tolls and GST, cannot be done overnight, says former minister.
UPDATED 5.22pm | The removal of GST is part of the new Harapan government's manifesto.
Any excess GST collected will be refunded, he says.
LETTER | Logically, no more GST and the presence of petrol subsidies should decrease business costs.
It can be done by increasing the efficiency of the public sector and avoiding wastage, she adds.
EXCLUSIVE | Council of elders' spokesperson says this is because the 95-year-old billionaire is 'very frail'.
UPDATED 4.13PM | The viral message claiming to be from the Finance Ministry that GST has ended is not authentic.
He says the team of eminent persons would take pertinent steps to restore the confidence of investors.
COMMENT | Reverting back to SST could cause major disruptions to the market.
GE14 | Hamzah Zainuddin blames public sentiments against the tax as a contributor to BN's defeat.
GE14 | PNB chair also believes this could result in a credit ratings downgrade for M'sia.
GE14 | Mustapa says gov't at the time decided to implement the tax, but didn't have the courage to do so.
GE14 | Last night’s session at a futsal court surrounded by people’s housing programme flats attracted a big crowd.
GE14 | Eric See-To refers to a video from 2014 which shows the ex-finance minister giving the thumbs up for the tax.
YOURSAY | At least, it will not keep spoon-feeding Mr and Mrs PM.’
UKM professor says the public now understands that GST helps the country’s economy.
He points out that it is not imposed on basic food items such as rice, sugar and cooking oil.
VOXPOP | Harapan’s promise has been roundly criticised by some, but others are looking forward to it.
'What is the reason? To reduce cost. Then the people will ask, what about my cost? I am also suffering.'
LETTER | The GST was initially sold as a way to make up for the drop in oil prices.
COMMENT | Why we keep giving China concession after concession is a mystery.
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