PIKOM CEO Ong Kian Yew and GFG Founder and Program Director Tan Hui Choon represented their respective organisations, with the signing witnessed by PIKOM Director of Industry Development Gerard Pillai.
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PIKOM CEO Ong Kian Yew and GFG Founder and Program Director Tan Hui Choon represented their respective organisations, with the signing witnessed by PIKOM Director of Industry Development Gerard Pillai.
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Changing my role to become cybersecurity officer (Ah Sek or Ah Q), dark force be with me ;) #pikom #cybersecurity #mtw2019 #securityguard (at Connexion at Nexus) https://www.instagram.com/p/By6bl61pc43/?igshid=41jiwczrviqf
Tqvm PIKOM for give chance us chance to take part of mycybersale. Tqvm for customers that supporting us. Hope next year will join again.. We work hard and bring more diving equipments to malaysia. We also import mares scubapro hollis cressi aqualung hollis to ensure divers can get at branded brands at low price. We want to proof online price should lowest price frm off line. let shopping at www.coraldivestore.com. Our web accept all multiple payments getway #mycybersale #pikom #coraldiverecreation #coraldivestore
Lol and that's a wrap!!! Back to #NYC for an overnighter !!! 😎✌🏽️ Thank you #Miami 😍❤️ #Delta #MIAMI #305 #pikom (at Delta Terminal - Miami International Airport)
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Pikom expects 30% ICT sales drop with GST
KUALA LUMPUR, March 24, 2015:
The National ICT Association of Malaysia (Pikom) is expecting sales of information communication technology (ICT) devices and software to drop up to 30% after the Goods and Services Tax (GST) is implemented from April 1.
The bleak forecast was made in a statement today, citing uncertainties arising from the imposition of the 6% GST on technology products – which are now tax-free under the Sales and Service Tax regime.
Pikom chairman Cheah Kok Hoong said: “We estimate that the next six months will see a general ‘dip’ in the purchases of hardware and gadgets such as smart phones, PC, laptops, printers and other peripherals by households and consumers.
“We expect smaller companies, particularly small and medium enterprises, to be more affected by the GST with most delaying their ICT investments for now. Overall, we anticipate a drop of up to 30% in the market.”
But he said Pikom does not see a great impact on purchasing and investment decisions by larger enterprises and corporates as the 6% charged by suppliers can be claimed as input tax from the Royal Malaysian Customs Department – assuming these companies are GST registrants, being exemptions to this ruling whereby input tax can be claimable are the GST-exempt industries.
“It is important to note that for GST registered companies, the effect of this value-added tax is neutral as they can claim the input tax.
“Nonetheless, like many other Asean countries that preceded Malaysia in the adoption of GST, the market will eventually accept the new tax regime as part of business costs and processes and sales will recover in the long term.
“Pikom believes that despite the initial slowdown due to the market’s reaction to GST, Malaysia’s ICT sector is still poised to generate RM95 billion in revenue by 2017.”