Malaysia improving public finances

idris jala who is minister in the malaysian prime minister's department is responsible for looking after catalysing economic growth in the southeast asian country welcome idriss thank you. Malaysia is one of the fastest growing economies in southeast asia but we have a slowdown in china we also have a very interesting things going on right now which is your government is tackling the fiscal deficit sugarman to the regent actually doing this this means there a lot of different factors bring to bear on the malaysian economy next year you going to
introduce a general sales tax how is like a pan out of the last four years we've been gradually rationalising a fuel subsidy including sugar dissolve in gregory doing fine now without you over take a look at that a gender with crude prices coming down i think you probably be one or two more rounds will it help because without gloves on gst republic accepted to let you know i have 29 million people in malaysia n of which 1.7 million people are racist epic space but only 1 million x before we pay tax muscle spasm countries have your texts gst september send yvonne you going to do it at six percent i love you today when do that how do we make sure that we protect the four people were the other things happening again looking at them all price is that your state oil company petronas which provides enormous share of government revenue it's doing? small fry left and we are probably about heaven sends export manager in puerto de slow down on on the rubber france in us as much as i'd like to turn quickly to a form of government linked companies in some countries a call on state owned enterprises in malaysia malaysia talked for many years about reforming glc xandan would you accept that we're the first thing that was done when we started the program for gambling come here transformation programme west wing in professional store and if you take a look at the at the value meal market capitalisation for older guy out the forms the rest of the marketing within the stock market where does not make sense to do business with gradually withdraw from that do you think is moving fast enough there are we have made some progress i would say that when we first began this what we hadn't 533 big and small that we can we withdraw from and we have already know implemented more than 30 of those on the list of being withdrawn boss malaysia death in paradise but i think just like singapore in malaysia singapore indonesia? any others that grew from london economy with a lot of gammon in now you cannot get rid of that stay overnight thank you very much thank you?