He said should the windfall tax be imposed, it would make investors think twice before investing in the country, or even opt to invest in the neighbouring countries like Vietnam and Singapore which do not impose such taxes. "Name me one country in this region that has imposed a windfall tax. Tengku Zafrul said policies have to be for the long term and not based on short-term gains. Former youth and sports minister Syed Saddiq Abdul Rahman has been urging the government to impose a windfall tax on glove makers who he claimed had made huge profits, amid the Covid-19 pandemic. To achieve the growth target next year, Tengku Zafrul noted that the most important thing to do is to execute the policies well.

Source: The Edge Markets November 28, 2020 11:03 UTC