SST will have minimal impact on domestic consumption

KUALA LUMPUR: MIDF Research said the re-implementation of the Sales and Services Tax (SST) will not deter domestic consumption in Malaysia.  “As compared to GST, SST does not affect consumers directly, but via manufacturer and service provider.  “Solid economic fundamentals in the Malaysian economy particularly the stable labour market, moderating inflationary pressure and upbeat industrial activity will continue support the domestic demand to stay robust,” the research house said on Friday.

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