The goods and services tax (GST) that will be implemented in April next year and other possible price hikes of commodities will have an impact on the Malaysian economy, a chamber of commerce warned today.
The possibilities of fuel subsidy abolition and a further increase in electricity tariffs would all impact the country's economy next year, the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) said.
ACCCIM even estimates that inflation may shoot up to more than four percent next year.
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