Najib: Pakatan can 'eat its words' after GST found not to be cause of rising prices in Malaysia

PHOTO: The Star/Asia News Network

PETALING JAYA - Pakatan Hara­pan has to "swallow the reality" after it admitted that the Goods and Services Tax (GST) was not the main reason for higher prices, says Datuk Seri Najib Tun Razak.

He said Pakatan had all along attributed the increase in prices to GST and used this to attack Barisan Nasional when campaigning.

The former prime minister said as such, he was shocked to read a statement by Domestic Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail that GST was not the main reason for the increase in prices of goods.

"At that time, Pakatan did not accept our answer but instead ridiculed it. Now, Pakatan has to swallow the reality behind its own accusations," Najib said in a Facebook posting yesterday.

Terkejut saya pagi ini apabila membaca kenyataan Menteri Pakatan Harapan yang mengakui GST bukan sebab utama harga...

Posted by Najib Razak on Wednesday, July 11, 2018

Saifuddin was reported to have told Bernama that the small drop in the prices of goods was why the people did not feel or realise the effects of GST, which was zero-rated on June 1.

Najib said he was worried that when the Sales and Services Tax (SST) is reintroduced in September, prices of goods would climb higher compared to before GST was zero-rated.

ALSO READ: Najib: GST hardest decision I ever made as Malaysia's PM

"This is the danger when the tax system is changed at their own whims. Barisan had already warned about this before GE14.

"This will of course impact the people's cost of living and goes against Pakatan's pledge in its manifesto to reduce the cost of living," said Najib.

Saifuddin also said that based on the findings of a survey done over 35 days from June 1, 417 goods which saw a price drop included baby items as well as wet and dry stuff.

ALSO READ: Najib says personal bank account is frozen

"In fact, the price drop is so small that it hardly reached 30 per cent to 40 per cent," he was quoted as saying.

The minister also said that although food and beverage prices were lowered at fast food outlets, this was not the case at mamak restaurants where prices remained unchanged, while in some eateries, prices actually went up.

Former Malaysia PM Najib charged with corruption

  • Datuk Seri Najib Tun Razak is expected to face several charges for committing offences under two Acts, sources said.
  • "We believe Najib will be charged under the Anti Money-Laundering Act and the Penal Code," a source told The Star yesterday.
  • Other sources said Najib is expected to face four counts of committing criminal breach of trust and anti-money laundering charges involving a total of RM42mil and believed to be linked to the SRC International Sdn Bhd case.
  • Yesterday, Najib was arrested at his house in Jalan Lang­gak Duta in Kuala Lumpur at about 3pm and was whisked to the MACC headquarters in Putrajaya about an hour later.
  • Supporters of former Malaysian prime minister Najib Razak hold up signs, ahead of his arrival to court in Kuala Lumpur, Malaysia.
  • Rosmah Mansor, wife of Malaysia's former Prime Minister Najib Razak, leaves a courtroom in Kuala Lumpur.
  • Family members of Malaysia's former Prime Minister Najib Razak leave a court in Kuala Lumpur
  • Malaysia's Attorney-General Tommy Thomas speaks during a news conference outside a courtroom in Kuala Lumpur, Malaysia
  • A supporter of Malaysia's former Prime Minister Najib Razak conflicts with a police officer outside a court in Kuala Lumpur, Malaysia.
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