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KUALA LUMPUR: The impact of the Sales and Services Tax (SST) on the country’s inflation would be much smaller compared to the Goods and Services Tax (GST), says Bank Negara.

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KUALA LUMPUR, Aug 16 (Bernama) -- The government is currently drafting the strategy and initiative for short, medium and long-term economic development for the mid-term review of the 11th Malaysia Plan (11MP) to ensure the economy continues to remain resilient.

Deputy Economic Affairs Minister Dr Mohd Radzi Md Jidin said the government is aware that the current global economic environment is challenging due to global trade wars and issues such as Turkey’s financial crisis.

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KUALA LUMPUR, Aug 15 (Bernama) -- The International Trade and Industry Ministry (MITI) today announced that it has initiated administrative review of anti dumping duties on the import of hot rolled coils from China and Indonesia. 

MITI said it had received a petition from interested parties on July 17, 2018, requesting for an administrative review of anti-dumping duties on the imports of hot rolled coils, chequered coils, as well as, pickled and oiled coils.

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PUTRAJAYA, Aug 15 (Bernama) -- The loyalty of civil servants such as administrative and diplomatic officers and police and military personnel to the government should not be up to the point of complying with directives contrary to the law, said Prime Minister Tun Dr Mahathir Mohamad.

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KUALA LUMPUR, Aug 14 (Bernama) -- The government will remain pro-active and committed in revitalising the implementation of the Bumiputera economic agenda, says Economic Affairs Minister Datuk Seri Mohamed Azmin Ali. He said special focus would be given to the Bottom 40 per cent (B40) and the Middle 40 per cent (M40) households. 

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KUALA LUMPUR, Aug 13 (Bernama) — The Malaysia External Trade Development Corporation (MATRADE) does not expect the review of several projects linked to China’s state-owned enterprises to affect the bilateral trade between both countries. In fact, its Exports Promotion and Market Access Division Senior Director, Mohd Mustafa Abdul Aziz said he believed the relevant issues would be addressed accordingly by the government at the political level.

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KUALA LUMPUR: Export-Import Bank of Malaysia Bhd (Exim Bank) will soon be placed under the International Trade and Industry Ministry (Miti) alongside SME Bank Malaysia. Exim Bank is an agency under the purview of the Finance Ministry while SME Bank is already under Miti.

 

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KUANTAN, Aug 13 (Bernama) -- Small and medium enterprises (SMEs) need to collaborate with local institutions of higher learning (IPTs) to enable them to brace technologies in order to be more competitive in the face of the fourth industrial revolution (Industry 4.0).

Malaysian Technology Development Corporation Sdn Bhd (MTDC) Chief Executive Officer Datuk Nurhalim Yunus said better technology adoption through the collaboration would enable SMEs to improve their productivity and efficiency.

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SERDANG, Aug 12 (Bernama) -- The government is looking at tabling the supplementary budget next week, said Prime Minister Tun Dr Mahathir Mohamad. “We will look at that,” said Dr Mahathir when asked by reporters if the government would be tabling the supplementary budget next week after visiting an art exhibition 'Tun M: A Forever Legacy' at the Perdana University here today. 

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KUALA LUMPUR, Aug 12 (Bernama) -- The pressure on house prices, industrial and commercial buildings is expected to ease off with the abolition of the Goods and Services Tax (GST) and exemption of some building materials from the Sales and Services Tax (SST), Finance Minister Lim Guan Eng said.

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