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Budget 2020 provides adequate funding to build stronger national innovation ecosystem - Academician

KUALA LUMPUR, Oct 13  -- Budget 2020 is not only prudent but also provided adequate funding to build a stronger national innovation ecosystem, an academician said.

Monash University Malaysia vice-president (research and development) Prof Mahendhiran Nair said the budget empowered firms and the rakyat to acquire the necessary resources to become more agile, responsive and adaptable to volatile and competitive global economy.

"Budget 2020 is the first of the budgets to set the platform for the nation’s development to become a developed economy by 2030 as outline in SPV2030 (Shared Prosperity Vision 2030)," he said in a statement today.

Mahendhiran who is also the chief executive officer of Monash Malaysia Research and Development, said incentives proposed in the budget would also enable Malaysian firms to move up the global innovation value chain.

"While firms may express some concern with the increase in minimum wage, adequate provision is given in the budget for them to obtain cost-competitiveness via adopting new technology and hiring incentive schemes of local Malaysians," he added.

Apart from that, he said the budget also gave emphasis to increasing the disposable income of Malaysian with various tax incentives and cash transfer program for the B40, include subsidy for petroleum and lower toll rates.

-- BERNAMA






 
 
Budget 2021: MoT to provide incentives to lighten people’s burden - Wee 

KUALA LUMPUR, Nov 19 -- The Ministry of Transport which receives RM6.05 billion allocation under Budget 2021, will be providing various incentives to benefit the people.


 
2021 Budget : MAFI, private sector must co-operate to optimise Budget 2021

KUALA LUMPUR, Nov 16  -- The Ministry of Agriculture and Food Industries (MAFI) and the private sector must escalate co-operation to optimise the allocation in the 2021 Budget to MAFI so that the initiative to empower the national foodagro sector can be achieved by using the latest technologies to modernise agriculture. 


 
 
 
 
 
 
 



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