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Singapore’s lead over Malaysia’s economy shrinking

SINGAPORE: Malaysia is inching closer to regaining its lead over Singapore’s economy after trailing for a third straight year. The nation’s gross domestic product was $314.5 billion in 2017, about $9.4 billion less than Singapore’s $323.9 billion, according to data from the World Bank. That deficit is set to shrink to just over $2 billion […]

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Malaysia: SST seen to affect retail sales

PETALING JAYA: Retail sales are expected to drop significantly in the first two months following the reintroduction of the sales and services tax (SST) on Sept 1, as consumers adopt a more cautious approach to spending. However, sales levels are expected to “return to normal” from November in conjunction with the school holidays and festive […]

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