Moody's sees measures to recover revenue from GST removal crucial
KUALA LUMPUR: Moody's Investors Service views the government's move to abolish the goods and services tax (GST) should be offset by other measures to help recover the loss from the revenue from the GST.
KUALA LUMPUR (Oct 20): The Pakatan Harapan (PH) government has managed to grow the consolidated revenue account by seven-fold within four months, to RM3.7 billion as at Aug 31 from RM450 million as at April 30, Finance Minister Lim Guan Eng said today.
He attributed the country's current account balance surplus of RM3.25 billion, which was achieved over the four-month period from May to August this year, to helping the federal government to record the increased consolidated revenue account balance.
Email is one of the most fundamental forms of business communication today. Not many of us can imagine our lives without it. But with one in every 100 emails disguising a hacking attempt, what can we do to better protect ourselves against those nefarious bandits wanting to get to our sensitive data? Considering that more than 205 billion emails are sent daily across the Internet, one would be forgiven for thinking, with apologies to Mark Twain, that reports of its demise are greatly exaggerated. Yet, some argue that its days are numbered. With several alternative forms of digital communication available,… This story continues at The Next Web