Prove SST raised prices of goods, says minister

Entrepreneur Development Minister Mohd Redzuan Md Yusof says there is no evidence that SST is burdening the people because of rising prices. (Bernama pic)

KUALA LUMPUR: Entrepreneur Development Minister Mohd Redzuan Md Yusof has defended a statement made by Finance Minister Lim Guan Eng that there were no guarantees that prices of goods would go down following the implementation of the sales and services tax (SST).

Redzuan said opposition leaders should show proof that certain sectors had seen a drastic increase in prices after the goods and services tax (GST) was abolished.

“In Parliament just now, the opposition said the SST would burden the people, but they  failed to show proof.

“They failed to give us answers. Lim had also asked for examples,” he said after opening a one-stop centre for entrepreneurs at SME Corp Malaysia.

Redzuan said he would personally raise the matter if the prices of goods did not come down after the SST was implemented.

“If it is true that SST resulted in higher prices, I would like to hear it myself, and inform the government,” he said.

Meanwhile, Redzuan said he would disband SME Corp, should the agency fail to achieve the government’s aim of helping small and medium-scale entrepreneurs in the country.

“We are not just looking at SME Corp, but also any other agencies that come under the ministry.

“If it does not achieve the desired target, and if it does not do its job well and in a trustworthy manner, then of course SME Corp will be disbanded,” he said.

Redzuan also gave his assurance that the 2019 Budget, which would be tabled in the Dewan Rakyat next month, would provide benefits and opportunities to entrepreneurs.

“I have high hopes. We have a very challenging and heavy responsibility in making things easier and supervising agencies.

“However, it is up to the Cabinet to ensure this agencies help to boost economic growth,” he added.