Possible reintroduction of GST negative for telcos


KUALA LUMPUR: There is concern over the negative impact on the telco sector should prepaid users once again have to foot a tax in the event the Goods and Services Tax (GST) is reintroduced in 2023.

RHB Research said in a note that the reintroduction of the GST would further compound the weakness in the prepaid market as subscribers are likely to reduce their usage.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

RHB Research , telco , GST , SST , Digi , Maxis , Axiata , Telekom Malaysia , OCK

   

Next In Business News

Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Zetrix a profit driver for MyEG Services
NFO segment to sustain Sports Toto’s earnings
Thong Guan spreading its wings to Europe, America
Hap Seng bottom line in four-fold rise
Mixed views on PetChem on higher interest expense
No new impetus seen for JETP under Trump

Others Also Read