PM Anwar: Ramadan bazaar food price hike due to high lot rental cost, not SST

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PM Anwar: Ramadan bazaar food price hike due to high lot rental cost, not SST
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KUALA LUMPUR, March 26 ― The increase in food prices at Ramadan bazaars is not due to the implementation of the sales and service tax (SST), but rather stems from the high...

‘Trust me, bro’: Saifuddin Nasution tells Malaysians to have faith in him after years of confidence deficit with Home MinistryKUALA LUMPUR, March 26 ― The increase in food prices at Ramadan bazaars is not due to the implementation of the sales and service tax , but rather stems from the high rental cost of the bazaar lots, Prime Minister Datuk Seri Anwar Ibrahim said.

Anwar said the high rental costs are partly due to some traders renting the bazaar lots from agents, who take advantage of the situation, instead of renting directly from the local authorities. “I acknowledge there is a slight increase in the prices, but I don’t think it’s because of the service tax because according to the Statistics Department's survey, the increase is only around 0.2 per cent, and Ramadan bazaars have no direct relevance to the SST,” he said.

The prime minister explained that if the government does not implement the SST, it is feared to have negative effects on the economy and national revenue. ― Bernama

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