A worker is seen at a construction site, with the landmark Petronas Twin Towers in the background, in Kuala Lumpur. (Reuters photo)KUALA LUMPUR: The chairman of an advisory council set up by the new Malaysian government said on Friday that all megaprojects in the country would be reviewed and recommendations would be presented to the government. Observers expect large investment projects linked to China would come under especially close scrutiny, after an election campaign in which perceived threats to sovereignty were a big issue with voters. Mr Daim also said the government expects to raise about 30 billion ringgit (US$7.6 billion) from a reinstated sales and services tax (SST). The new government introduced the SST after scrapping a goods and service tax (GST) to keep an election campaign promise.

Source: Bangkok Post May 18, 2018 10:19 UTC