Published: Monday October 7, 2013 MYT 2:30:00 PM
Updated: Monday October 7, 2013 MYT 4:58:38 PM
BY JOHN LOH
KUALA LUMPUR: Kenanga Research is maintaining its growth forecast for Malaysia this year at 5%, even as it expects gross domestic product in the second half to exceed 6% on a rebound in exports and resilient domestic demand.
In a briefing with reporters on Monday, the brokerage's chief economist Wan Suhaimi Saidie said he sees the government continuing its fiscal consolidation agenda with the gradual removal of fuel and electricity subsidies, which could push inflation to over 3% next year from a projected 2.1% this year.
Asked when he expects the government to impose the widely-anticipated goods and services tax (GST), Suhaimie said: "The sooner, the better."
Kenanga Research has projected an initial GST rate of 5%, with implementation likely next July or in January 2015.
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