News About consumption

News about consumption

Economic Report 2021/2022: Government to consider consumption-based tax in order to reduce reliance on direct taxes

Oct 29

KUALA LUMPUR (Oct 29): The government is currently considering options to reduce the reliance on direct taxes and widen the revenue base by shifting to consumption-based tax under the Medium-Term Revenue Strategy (MTRS) framework.

Private consumption dropped by 4.3% in 2020 but expected to rebound 8% in 2021

Mar 31

KUALA LUMPUR (March 30): Bank Negara Malaysia (BNM) said today that private consumption growth stood at 4.

Surging cloud traffic supports demand for data centres in Asia Pacific

Feb 03

KUALA LUMPUR (Feb 3): The market for hosting, storage, and computing cloud services is expected to be worth US$163 billion (RM660 billion) in 2021, which is an almost 30% increase over 2017, according to a new study by real estate consultancy firm JLL.

BNM expects sustained recovery in private consumption

Nov 13

KUALA LUMPUR (Nov 13): While more states have been placed under the conditional movement control order (CMCO), Bank Negara Malaysia is expecting a sustained recovery in private consumption.

Economic Outlook 2020 Report: Household debt increases slightly to RM1.22 tril

Oct 11

KUALA LUMPUR (Oct 11): The overall household debt increased slightly to RM1.

SST can cut consumption tax by half, says Guan Eng

Jul 19

KUALA LUMPUR (July 19): Putrajaya has conceded that the sales and services tax (SST) system is not as transparent as the goods and services tax (GST), but stressed that the former is able to reduce Malaysian consumption tax by half.