Malaysia hopes to resolve LME issue: report

Malaysia’s customs department is seeking a solution regarding the status of metal stocks in London Metal Exchange warehouses in Johor and Port Klang after the bourse asked whether the stocks will be subject to a new goods and services tax (GST), a Malaysian newspaper report said on Wednesday March 18.

The customs department will be looking into the matter and come up with an amicable solution on the LME warehouse metal stocks issue soon, its GST director Datuk Subromaniam Tholasy said, according to the Star newspaper.  A LME notice on...

Published

Shivani Singh

March 18, 2015

09:51 GMT

Singapore