Daily Industry News Update (2 November 2021)

INDUSTRY NEWS (2 November 2021)

Budget 2022: Malaysia needs GST to weather turbulence ahead, say experts

Panelists at the Malaysian Economic Association (MEA) 2022 Post-Budget Dialogue were mooting for the reinstatement of the Goods and Services Tax (GST) or the inclusion of a similar tax structure under the current tax regime in order to widen the government’s tax revenue base to prepare for turbulent times ahead.

Gromutual buys land in Johor from Senai Airport City for RM21m

Property developer Gromutual Bhd is buying land in Johor from Senai Airport City Sdn Bhd, a member of the MMC Group, for RM21.33 million.

How well will Malaysia’s yet-again expansionary Budget 2022 deliver?

IT is another year of expansionary budget to underpin the post COVID-19 pandemic recovery. The Budget 2022’s expansionary stance is two-fold