The new government taxes, aimed at addressing budget deficits, have sparked outrage, with Malaysians concerned that they will ultimately pay more for everything
The move – intended to address budget deficits – has sparked significant concern among Malaysians, who fear paying higher prices for everything from imported bananas and apples to new homes, as manufacturers pass down costs.
Businesses “may have no choice but to pass these additional burdens on to consumers,” the Federation of Malaysian Manufacturers (FMM) said in a statement late on Thursday.
Real estate developers have cautioned that homebuyers may incur additional costs, as many new projects are being constructed on commercial land, which falls under the new tax.
