GST going to increase?

While driving to work today, I overheard from FM93.3 that GST will be adjusted from 5% to 7%. GST had first started in 1994 at 3%. Then it was adjusted to 5% in 2004. Now Government is planning to adjust it to 7% and the announcement will be made in Feb 2007.

Sigh... guess there will be a lot of comments from elderly and poor people.