Tan Sri Zeti Akhthar Aziz, a senior adviser to the Malaysian government, said yesterday that a strategy for removal of the goods and services tax (GST) would be announced within one hundred days.
“What we will do well within the 100 days is to make an announcement of what we want to do and then it will be done by process, whether it has to go through parliament and get approval and so on,” Zeti, a former central bank governor, told reporters in Kuala Lumpur.
Malaysia's new Prime Minister Tun Dr Mahathir Mohamad had announced that he would abolish the consumption tax put in place by ousted leader Najib Razak within the first 100 days in office.
Zeti also said the fiscal balance would be improved by controlling expenditure.
“There will be a reprioritising of projects, efforts to increase efficiency of the government, efforts to reduce wastage of public sector. All this will improve the fiscal position,” Zeti said. ― Reuters
KUALA LUMPUR: The Goods and Services Tax (GST) will be set at zero percent beginning June 1, 2018, says the Finance Ministry.
In a statement, the Ministry said that the reduction of the rate from the current 6% to 0% will be implemented nationwide until a further announcement is made.
This decision does not include goods and services listed in the Goods and Services Tax (Exempt Supply) Order 2014, which remain exempted from GST.
"As such, all registered traders must follow the decision of the zero rate now. At the same time, registered businesses are still subjected to all current regulations," said the Ministry.
In short, KTC is deep in debt, profit margin is shrinking, and IPO money is nowhere to be found. And instead of building their own warehouse using the IPO money as promised, they are renting them cheaply somewhere in the remote rural towns on two year rental lease instead. Revenue is claimed to be climbing, sales volume is claimed to be growing, but Zero dividend for shareholders. And the self-centred, delusional CEO is still desperately waiting for more customers to use his facilities, at a lower bargained price?
What a disaster. Who is paying this dummy CEO who reminds everyone of the charming but useless Obama? Can't the company board get someone more experienced and send this kid away for long vacation?
Father is that kind of 死爱面子type,although son only like buy Porsche nothing he can do overall this east msia cinapek small bzness what we can expect oh???tp 0.10 waiting for another 10yrs also same same!!!kikiki
Zero dividend since IPO. Is this even legal? Seems more like a scam to get free money from thw public than anything else. The investors should get together and sue the company.
In short, KTC is deep in debt, profit margin is shrinking, and IPO money is nowhere to be found. And instead of building their own warehouse using the IPO money as promised, they are renting them cheaply somewhere in the remote rural towns on two year rental lease instead. Revenue is claimed to be climbing, sales volume is claimed to be growing, but Zero dividend for shareholders. And the self-centred, delusional CEO is still desperately waiting for more customers to use his facilities, at a lower bargained price?
What a disaster. Who is paying this dummy CEO who reminds everyone of the charming but useless Obama? Can't the company board get someone more experienced and send this kid away for long vacation?
Zero dividend since IPO. Is this even legal? Seems more like a scam to get free money from thw public than anything else. The investors should get together and sue the company and its board members
Zero dividend since IPO. Is this even legal? Seems more like a scam to get free money from the public than anything else. The investors should get together and sue the company and its board members
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
darksoul
363 posts
Posted by darksoul > 2018-03-30 14:16 | Report Abuse
really going to holand...