GST

GST

As you all already know, GST will be implemented this coming Wednesday, 1^st April aka April Fool’s Day. GST which is also known as VAT or the value added tax in many countries is a multi-stage consumption tax on goods and services. GST is levied on the supply of goods and services at each stage of the supply chain from the supplier up to the retail stage of the distribution. Even though GST is imposed at each level of the supply chain, the tax element does not become part of the cost of the product because GST paid on the business inputs is claimable. Hence, it does not matter how many stages where a particular good and service goes through the supply chain because the input tax incurred at the previous stage is always deducted by the businesses at the next step in the supply chain. The price for clothing, foods and beverages, cars, and many more will increase by 6% due to GST. When there’s a tax, businessman will not absorb the cost, instead will pass it down to the consumers. So you can’t blame the consumers to worry so much about GST. If you want to go for shopping or any necessities, you better buy all of it now before 1^st April. Are you ready for GST? As much as you want to say yes, but I know most of you are not.

1st Anniversary of MH370 Disappearance

Do you remember the missing plane MH370 on March 8, 2015? With 239 passengers on board, it was scheduled to fly from the Malaysian Capital, Kuala Lumpur, to Beijing in China. It disappeared from civilian radar screens about an hour into the scheduled six-hour flight. Guess what, it’s been a year since that incident, time flies so fast. Don’t you think it’s weird that after a year, not a single debris or wreckage have been spotted? It is really sad for the passengers’ relatives to be unable to meet them for the very last time and to give a proper burial. Where is it right now? I sure hope there’s someone who can give me all the answers I need. The government is doing their best to search for it. Other countries like Vietnam, Thailand, China, Australia, Taiwan, Singapore, America and others are helping too. It seems that a special website had been set up with families provided with passwords to allow them to access to the latest information as well as the holding of meetings and briefings for updates about it. I’m sure that one day MH370 will be found cause there’s no way that it will just vanish in thin air.