Malaysia University Science and Technology economist Barjoyai Bardai said Malaysia fell behind Singapore and Thailand and is struggling to catch up. Both use the goods and services (GST) and value-added (VAT) taxation system.
World Bank lead economist Apurva Sanghi said Malaysia’s revenue as a share of the gross domestic product (GDP) has been declining, with tax revenue being well below 12% of GDP.
Rising sea levels, erratic weather, and unchecked development are driving coastal erosion to alarming new heights in Penang, threatening both nature and livelihoods.
