Hear us Roar?

Crouching Tiger, Hidden Dragon. 

Yes it is 06 January today and we are fast into the new year with some predicting a global runaway inflation and economic mayhem this evil 2022 the year of our Lord. It sure looks pretty gloomy with prices of most essentials and foodstuffs rising globally amid unresolved supply chain bottlenecks. Meanwhile, the government of Ismail Sabri has had to contend with floods and missing ministers who took year end leave only to be summoned home to help Malaysians suffering from the floods. The government's response has been to give handouts again though thankfully the EPF is left alone this time. Once GE 15 is called and it has to be called by June 2023, the government which is expected to win hands-down will likely turn its attention to reviving the economy and its revenue base so what better way to collect more monies than to re-introduce the Goods and Services Tax (GST)? After all, our neighbour downsouth is revising upwards their GST rate from 7% to 9% soon since it is mid-term for the singapore govt and therefore there is no better time to raise taxes than now. I am thinking that post GE 15, GST in the region of 4-5% for Malaysia will be the case for us. Alrighty then, bring it on, 2022.