Malaysia can meet its revenue requirements even after shelving the Goods and Services Tax (GST) by prioritising its projects, increasing the efficiency of the public sector, avoiding wastage and exploring new sources of revenue, says Tan Sri Zeti Akhtar Aziz.

The former Bank Negara governor also expressed her confidence in the country's economy which can be steered towards the right direction and the 100-day time frame is certainly adequate to provide clarity and make necessary adjustments and changes.

Tan Sri Zeti Akhtar Aziz said there will be no turning back on the proposed abolishment of the Goods and Services Tax (GST) which came into effect on April 1, 2015.

"It's (decision to abolish) is final and work is in progress towards the abolishment," said the former central bank governor who is also part of the five-member Council of Eminent Persons.

Malaysia is leading efforts for convergence of Islamic and green financing following the country’s issuance of the world’s first green sukuk in July 2017. To date, five green sukuk have been issued under the Securities Commission Malaysia’s (SC) Sustainable and Responsible Investment (SRI) Sukuk Framework totalling RM2.407 billion, with more expected during the year.

This trend, along with the numerous enabling components for this class of innovative, inclusive and sustainable financial assets, are discussed and showcased at a joint conference today organised by the SC, World Bank Group Global Knowledge and Research Hub in Malaysia and the International Organisation of Securities Commissions (IOSCO) Asia Pacific Hub also located in Malaysia.