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Malaysia scrapping GST may benefit local consumer plays

Joan Ng
Joan Ng • 3 min read
Malaysia scrapping GST may benefit local consumer plays
SINGAPORE (May 28): Malaysia’s decision to zero-rate the Goods and Services Tax from June 1 is widely expected to provide a small boost to consumer sentiment. Last year, GST revenue was RM44.3 billion ($15 billion) — equal to 3.3% of Malaysia’s GDP.
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