The imposition of definitive safeguard duties on imported steel concrete reinforcing bar (rebar) and steel wire rods (SWR) and deformed bar in coils (DBICs) will not be a burden to builders and contractors, said Second Finance Minister Datuk Seri Johari Abdul Ghani.
Johari said this in response to the reaction of the Masters Builders Association of Malaysia (MBAM) who said the imposition of the duties would increase the costs of construction projects, which would ultimately be passed on to the people.
"We have steel mills in the country, so if we allow these goods into the country cheaply, the existing industries in the country will be closed. This we have to defend.
"We have to look at the ecosystem. We need to have a balance. So I think what we do is that if the product can be produced locally, we do not see why we have to import," he told reporters after attending the 'Public Housing Projects Seri Perlis 2' gotong-royong here today.
On the government's move to ensure the new taxes would not affect the consumers, Johari said, the Domestic Trade, Co-operatives and Consumerism Ministry would ensure that the supply and demand were taken into account.
The Government had introduced safeguard duties of 13.9 per cent for steel coils and 13.4 per cent for steel rebars, following the plight of many domestic steel manufacturers, who have been experiencing margin compression or losses, especially due to dumping activities by the mainland Chinese players.
The duties will be for three years.
-- BERNAMA
Bernama
Sun Apr 16 2017
JOHARI: We have steel mills in the country, so if we allow these goods into the country cheaply, the existing industries in the country will be closed. This we have to defend. -Filepix
AWANI Pagi: Mengurus tenaga pada bulan Ramadan
Cuaca panas ketika Ramadan adakalanya menyebabkan penggunaan tenaga pada tahap tinggi. Ketahui tips-tips menguruskan tenaga pada bulan Ramadan, bersama Kamal Arifin A. Rahman, Ketua Pegawai Retail Tenaga Nasional Berhad (TNB).
#AWANIPagi #AWANInews
#AWANIPagi #AWANInews
Bomba pujuk lelaki kurang siuman baring atas bumbung rumah
Mangsa berjaya dibawa turun dan diserahkan kepada pihak polis untuk tindakan selanjutnya.
AWANI Pagi: Berita tumpuan & menarik di astroawani.com [29 Mac 2024]
Suami artis Indonesia Sandra Dewi ditangkap kes rasuah
Netizen ungkit kisah perkahwinan Sandra Dewi dan suuami di Disneyland serta hadiahkan anak jet peribadi.
Lebih 100 pelajar Nigeria berjaya diselamatkan tentera
Tentera Nigeria telah menyelamatkan pelajar dan kakitangan yang diculik oleh lelaki bersenjata dari sebuah sekolah di utara negara itu.
Burung unta 'kesunyian' nekad larikan diri
Haiwan digelar Tadori itu bagaimanapun berjaya ditangkap dan dihantar semula ke taman ekologi selepas berkeliaran selama hampir sejam.
AWANI Pagi: Wajarkah asas teknologi AI diajar dalam pendidikan rendah?
Apa rasional di sebalik cadangan memperkenalkan teknologi Kecerdasan Buatan (AI) di peringkat sekolah rendah? Dr Khadijah Said Hashim, Pensyarah Kanan Jabatan Asas Pendidikan, Fakulti Pendidikan UiTM akan berkongsi pandangannya sama ada ia boleh dilaksanakan atau sebaliknya dalam #AWANIPagi
Arab Saudi dipilih pengerusi Suruhanjaya Status Wanita ke-69
Abdulaziz Alwasil dari Arab Saudi akan berkhidmat sebagai pengerusi sesi ke-69 CSW.
KBS kembali beri tumpuan ke sekolah
Kementerian Belia dan Sukan akan berbincang dengan Kementerian Pendidikan dalam usaha melahirkan lebih ramai atlet berpotensi pada masa depan.
“Saya tak benarkan Diana buat bariatrik” - Farid Kamil
Farid lebih yakin hanya cara semula jadi lebih selamat untuk menurunkan berat badan.