let BN obtained more than the simple majority, but less than 2/3 with the combination of PAS seats in Parlimen.
Pakatan Harapan hopefully be able to obtain 40% of the seats in Parlimen.
BN continue control east coast and east Malaysia, continue develop the less developed states, while
Pakatan Harapan governed the developed states, and see whether they are able to abolished toll or built an alternate route to replace it. Better managed the administration of these states.
Tun Mahathir is a doer, while Najib until now only a planner, where his implementation might be off.
Najib seems overplan to achieve 2020 vision, with the mishandling of public fund, extravangance lifestyle, rising cost of living bring his tenure to an end.
We got a better results
BN 36% PAS 8%
Pakatan Harapan 51%
but this might end the three corner of UMNO, Keadilan and PAS.
Bersatu, Keadilan and UMNO might end up together.
We need the diversity in Malay, preferly each occupied 20% of population to keep the country in healthy condition.
https://www.msn.com/en-my/money/topstories/malaysia-ge14-results-make-policy-shift-more-likely-says-fitch/ar-AAx6doe?ocid=spartanntp
Fitch affirmed Malaysia's 'A-' rating with a Stable Outlook on 28 March
https://www.msn.com/en-my/news/national/taxes-may-go-up-if-gst-abolished-warns-pnb-chairman-wahid-omar/ar-AAwTeay?ocid=spartanntp
GST is a consumption or indirect tax where those who spend more are among the people who earn more
GST collection in 2017 was RM42 billion and is expected to increase to RM44 billion this year compared with the SST collection of RM17 billion in 2014
the rate imposed in Singapore is 7%, Thailand 7%, Indonesia 10%, Vietnam 10%,
the Philippines 12%, Australia 10%, and in the UK 20%,
Malaysia’s GST of 6% is the lowest in Asean and among the lowest among the 160 countries that adopted the tax regime
to reduce the impact of rising prices, the government had expanded the list of GST zero-rated goods, including basic food items such as rice, sugar, cooking oil, chicken, meat and fish, as well as medicines, books, RON95 petrol and diesel.
This is in line with the aim of the new economic model that aims to turn Malaysia into an inclusive and sustainable developed nation
hoped the GST system would be maintained and attention given to improving the implementation of programmes and projects that would help improve the well-being of the people, and create more business opportunities and jobs.
Pakatan Harapan hopefully be able to obtain 40% of the seats in Parlimen.
BN continue control east coast and east Malaysia, continue develop the less developed states, while
Pakatan Harapan governed the developed states, and see whether they are able to abolished toll or built an alternate route to replace it. Better managed the administration of these states.
Tun Mahathir is a doer, while Najib until now only a planner, where his implementation might be off.
Najib seems overplan to achieve 2020 vision, with the mishandling of public fund, extravangance lifestyle, rising cost of living bring his tenure to an end.
We got a better results
BN 36% PAS 8%
Pakatan Harapan 51%
but this might end the three corner of UMNO, Keadilan and PAS.
Bersatu, Keadilan and UMNO might end up together.
We need the diversity in Malay, preferly each occupied 20% of population to keep the country in healthy condition.
https://www.msn.com/en-my/money/topstories/malaysia-ge14-results-make-policy-shift-more-likely-says-fitch/ar-AAx6doe?ocid=spartanntp
Fitch affirmed Malaysia's 'A-' rating with a Stable Outlook on 28 March
The PH platform includes proposals to roll back tax and subsidy reforms as part of a 100-day fiscal plan.
Notably, Fitch has highlighted policy slippage leading to deterioration in fiscal discipline and higher government debt or deficits as a negative rating sensitivity.
Among the most notable proposals is the replacement of the goods and services tax (GST) - a value-added tax launched in 2015 - with the narrower sales and services tax (SST) that had preceded it.
The GST has become a key source of government revenue, accounting for 18% of total revenue equivalent to just over 3% of GDP in 2017.
By comparison, the SST accounted for only 8% of total revenue and 1.6% of GDP in its last year, 2014.
As such, absent offsetting measures, the replacement of the GST would result in a correspondingly higher deficit.
Another significant element of the PH platform is a proposal to reinstate some of the fuel subsidies that were eliminated in 2015. Fuel subsidies accounted for around 1.7% of GDP in 2014 before they were rationalised, declining to 0.3% in 2015.
Therefore, if fuel subsidies are reinstated they could offset some potential budgetary gains from rising oil and commodity prices.
Other notable PH platform policies include a review of government contingent liabilities and a Royal Commission of Inquiry to investigate recent corruption scandals.
Reviewing contingent liabilities could limit the build-up of risks to broader public finances over the long term, though at the expense of creating some headwinds for domestic demand and growth.
An inquiry into scandals could improve governance indicators over time, mitigating a key rating constraint for Malaysia.
Malaysia's growth momentum remains strong and is a key factor underpinning its rating. We continue to forecast for average growth to exceed the 'A' median, though policy uncertainty and resulting market volatility may lead to some short-term headwinds.
Malaysia's credit has also benefited from improving external and fiscal accounts in recent years, while lower per capita income, social development and governance have acted as ratings constraints.
GST is a consumption or indirect tax where those who spend more are among the people who earn more
GST collection in 2017 was RM42 billion and is expected to increase to RM44 billion this year compared with the SST collection of RM17 billion in 2014
the rate imposed in Singapore is 7%, Thailand 7%, Indonesia 10%, Vietnam 10%,
the Philippines 12%, Australia 10%, and in the UK 20%,
Malaysia’s GST of 6% is the lowest in Asean and among the lowest among the 160 countries that adopted the tax regime
to reduce the impact of rising prices, the government had expanded the list of GST zero-rated goods, including basic food items such as rice, sugar, cooking oil, chicken, meat and fish, as well as medicines, books, RON95 petrol and diesel.
This is in line with the aim of the new economic model that aims to turn Malaysia into an inclusive and sustainable developed nation
hoped the GST system would be maintained and attention given to improving the implementation of programmes and projects that would help improve the well-being of the people, and create more business opportunities and jobs.
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