Instead getting Malaysia bankrupt is better? You don't know Malaysia actually went insolvent in the 90s? How old are you?

Now the real ass kisser is uncovered. You didn't know PH has OFFICIALLY announce no GST missing? You didn't get the memo? Try Google.

Don't know. Life moves on.
You seem to know a lot, you should do a nation wide tour on this, rather than focus on this limited online platform.

Share link lah, why so malas ask people google. You make the claim, you have to provide evidence for it.

https://www.mof.gov.my/portal/arkib/press/M...%20purposes.pdf

^ Official release from MOF. We were always talking about how the refunds were rerouted, in contradiction to the GST Act 2014. This is the implementation issue, all the money which should have been in the GST Refunds account was missing, hence no one got the refunds they were supposed to get.

Also "no GST missing" ... you got read the post chain you responded to or not? Wtf does "no GST missing" even mean? Nah I'll reproduce it here because I'm not lazy.

I guarantee you're doing the thing I was first talking about here, trying to harp on the "no money was stolen!!!!!!!" wording to distract from the REAL implementation issue everyone and their mother admitted happened, but people like you try to pretend didn't happen

How many years already, either you stupid and dont understand or buat tak tahu. Money was 100% missing from the account it should have been in, because it was rerouted to an account which it shouldnt have been in, in contravention to the act that Najib's own government passed and subsequently did not follow. Now show us where any of this is wrong. You can't. So either educate yourself or stfu.

SST expansion a negative for consumer industry
Economy
Tuesday, 17 Jun 2025

PETALING JAYA: The upcoming expansion of the sales and service tax (SST) is expected to weigh in on the local consumer sector amid rising cost pressures, says RHB Research.

The research house said the imposition of a 5% to 10% sales tax on selected non-essential goods and an 8% tax on additional taxable services could have both direct and indirect implications for the sector.

“We believe this is negative for the sector as it will weigh in on consumers’ spending power and further dampen the already subdued consumer sentiment,” said RHB.

Retailers with a significant mall footprint, such as Padini Holdings Bhd, Focus Point Holdings Bhd, Aeon Co (M) Bhd and MyNews Holdings Bhd, are more exposed to the risk of landlords imposing higher rental expenses to pass on the SST costs.

Under a worst-case scenario where the 8% service tax is fully applied to all rental charges in mall locations and passed entirely to tenants, RHB Research estimated earnings sensitivity could range between minus 5% and minus 22% for these retailers.

In contrast, companies operating primarily in non-mall locations, such as 99 Speed Mart Retail Holdings Bhd and MR DIY Group (M) Bhd, are expected to be less impacted, as many of their premises fall below the SST taxable threshold.

As for food and beverage (F&B;) manufacturers, the impact is likely to be minimal.

RHB Research noted that most newly taxed items under the revised SST, such as imported premium food and luxury goods, do not fall within the core raw materials or product offerings of the F&B; companies under its coverage.

Coming to earnings, RHB Research expects the consumer sector to experience a softer second quarter following a solid first quarter in 2025, where 11 out of 14 companies under its coverage met expectations.

This is taking into consideration the combined effect of SST-related inflationary pressures, the anticipated rollout of the petrol subsidy rationalisation, and the frontloading of festive-related sales.

To mitigate the impact, the research house said retailers are expected to adopt more aggressive promotional strategies to sustain footfall and sales volume.

Nevertheless, RHB Research believes consumer spending will continue to be supported by stable employment, wage hikes in both the public and private sectors, and ongoing government assistance for lower-income households.

Source: https://www.thestar.com.my/business/busines...nsumer-industry

People have short memories. And that is why there is a saying, if you forget history, history will repeat itself. So blame the voters, not the politicians.

When in the opposition, PH keep talking about the insolvency of Malaysia in the 90s. So they use that to become the government and then, everything quiet.

You are the perfect example of the failure of Malaysian education, you just need spoon feeding. Anyone who know Google can easily find out more.

PH as* kisser like to give the impression the word "missing" means it was STOLEN. It is NOT stolen as claimed, just used for other government projects/needs.

SST is not multi tier. But gajilion taxes introduced this year means theres tax-on-tax effects at some points. ironic considering that PH via their false understanding on GST want to avoid.

LOL so you're repeating exactly the thing I said in my first post?

Calling me a failure of the education system when you're showing not even an utter lack of comprehension, but the ability of sight.

Its astounding how you can manage to click the 'quote' button, type, and yet be utterly blind to what you're quoting in the first place.

The epitome of success.

Also, I clearly do know how to use google, I did link the official statement from the MOF, which you clearly didn't click on. Guess you only know how to google search terms and copy paste links, not actually click on them

SST has Tax Cascading problem. An example. If an importer paid RM 10 SST and the product goes through wholesalers and retailers etc, by the time it reaches the end consumer, it would have balloon to RM 15 or 20 etc

GST has no such cascading problem.