Is this the right time to reintroduce the GST? No. It is definitely the wrong time to reintroduce the GST at the previous rate of 6%. Why is it the wrong time? Because in time when economic growth is dropping off the cliff, having GST at 6% is essentially having an austerity program. It will […]

Because this entry is long, I will say it upfront: the diversification of 2015-2018 at its core was due to: Collapse in crude oil price, with Brent dropping from around $110 per barrel in early 2015 to about $40 per barrel by late December 2015. Half of the reduction in petroleum share of government revenue […]

The shifts from SST to GST, and back to SST were controversial. There were debates on its effects on inflation and living costs. While the GST introduction led to a one-time rise in price level and that, I think, has not been widely disputed, the effect of SST reintroduction on price level has been more […]

Two of Pakatan Harapan’s ten big promises are the abolition of GST (returning to the SST regime) and the reintroduction of fuel subsidy.[1] While I can agree with most of its other proposals that include credible investigations into various financial scandals besetting the Barisan Nasional government, I oppose these two policies. With respect to the […]

It is the final GDP release before the year goes to the dogs! The Department of Statistics will announce the fourth quarter figures tomorrow at noon. Before that, let us play a game: For some context, the year 2017 was a pretty good year for GDP growth. It came after a pretty bad two-year period […]

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