Businesses see fall in sales because of GST

comments     Terence Tang     Published     Updated

The majority of businesses - 56 percent - surveyed by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) have reported a decrease in sales since the goods and services tax (GST) was implemented.

According to the ACCCIM report that was unveiled today, the profit margins of 60 percent of the businesses surveyed had also shrunk.

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