After the dust settles from the election, how will political changes in the USA affect the Malaysian market? Let's delve into the adjustments and opportunities it brings. Stay tuned on November 13 (Wednesday) at 8 pm, when Nanyang Commercial will join moomoo guests to provide live commentary on the US presidential election situation, market reactions, dynamic tracking, and forward-looking analysis of the Malaysian market.

1. The government is afraid to reinstate GST, fearing to be embarrassed by their previous criticism of GST. Insisting that a minimum salary of 3-4000 is necessary before implementing it is all nonsense. It is clear that allowances can be given to B40 to offset GST, and GST can also generate revenue from foreign visitors and foreign labor. Now, with SST in place, there is no guarantee of revenue from foreign nationals. Additionally, with GST in place, there would be no need for e-invoices. Not reinstating GST has made everyone so busy, needing to handle additional tasks. If SST is truly beneficial, why do many other countries use GST instead of SST?
2. Imposing EPF contributions on foreign labor, perhaps the Prime Minister thinks there is too much government funding and wants to do charity work. Our neighboring Singapore used to require CPF contributions from foreign laborers, but they made a U-turn after implementing it for a few years, and recently they are even closing accounts of foreign workers. Some may not see the EPF contribution for foreign labor as a big issue, but companies need to set aside an additional 13% of foreign labor salaries for EPF, ultimately passing this expense on to consumers. EPF also incurs annual interest, making it an uneconomical decision.
3. Minimum monthly wage of 1700, this policy is like treating a headache with a headache pill and a foot ache with a foot ointment. The fundamental issue is not insufficient wages, but the current chaotic market prices that need addressing at the source. This leads to rising costs, ultimately affecting consumers as well.
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