As the news article reports, the government wishes to ‘put things into perspective’ and to keep costs and fees as low as possible. Does this mean the 7% Government Service Tax (GST) could revert to its original 5%? Food for thought, perhaps.
However, in my opinion, I do not think it is that easy as coming out to say “we will keep costs and fees low”. While we depend on a lot on imports, the issue of inflation comes from foreign land and unless the government steps in to subsidise or to cap inflating costs, this agenda from the government is pretty much all-talk-no-action.
Read the article here: