RM690 million to maintain PM’s private jet, PKR reveals

(March 31): Putrajaya will spend some RM690 million to maintain a newly-acquired private jet used by the prime minister for the next 15 years, PKR's Rafizi Ramli revealed today.

He said that the cost including services to maintain an older private jet for the next seven years, the total costs for operation, maintenance and management (OMM) of both aircraft would come to a whopping RM1.098 billion.

RM690 million in net revenue from GST expected

KUALA LUMPUR: Citi Research, a division of Citigroup Global Markets Inc, expects RM690 million in net revenue from the Goods and Services Tax (GST) in 2015.

It said the forecast was based on GST gross revenue of RM23.3 billion, revenue losses from the sales and services tax (SST) abolishment (RM13.8 billion), revenue losses from the expanded list of exempted goods (RM3.8 billion), and expanded assistance programmes (RM4.9 billion).