NEWS LIST

Budget 2020: govt assistance more holistic, on point with target groups

KUALA LUMPUR, Oct 13 --  The Budget 2020 incentives presented on Friday reflected the government's more targetted aid distribution system, covering more eligible recipients who were previously not considered to be so.


2020 Budget allocation to help DoE implement more effective enforcement

The allocation received by the Department of Environment (DoE) in the 2020 Budget is expected to assist the agency in carrying out enforcement activities more effectively next year.


New MyCIF allocation to create greater awareness of P2P financing - Funding societies

KUALA LUMPUR, Oct 13  -- The government's additional allocation of RM50 million to the Securities Commission's My Co-Investment Fund (MyCIF) in the 2020 Budget is expected to help drive greater awareness of peer-to-peer (P2P) financing as a viable and attractive digital financing option for Malaysian small and medium enterprises (SMEs), said Funding Societies.


Budget 2020 'extraordinary', like election budget - Lim

BERA, Oct 13  -- Finance Minister Lim Guan Eng has described the 2020 Budget, which he tabled in the Dewan Rakyat on Friday, as extraordinary because it has been praised as an “election budget”.


2020 Budget encourages businesses to move into technology sphere -- MDEC

KUALA LUMPUR, Oct 13 (Bernama) -- The favourable provisions for digital adoption set out in the 2020 Budget denotes the government is actively encouraging more local businesses to move rapidly into the technology sphere, the Malaysia Digital Economy Corporation (MDEC) said.


Govt urged to lower RTO's RM500,000 threshold

The government has been urged to review the rent-to-own (RTO) scheme announced in the 2020 Budget for the purchase of a first home priced up to RM500,000, as it is still considered very high for many prospective buyers.


Govt won't give citizenship to foreigners just for buying RM600,000 worth of property - PM

Prime Minister Tun Dr Mahathir Mohamad today said the decision to lower the threshold on high rise property prices in urban areas for foreign ownership from RM1 million to RM600,000 was meant to reduce supply overhang of condominiums and apartments.


Budget allocation will be used to modernise agriculture sector - Salahuddin

The Ministry of Agriculture and Agro-based Industry (MoA) will use a big chunk of its increased allocation as announced during the tabling of the 2020 Budget to modernise the agriculture sector.


MATRADE urges SMEs, mid-tier firms to leverage on export perks in 2020 Budget

KUALA LUMPUR, Oct 13  – The Malaysia External Trade Development Corporation (MATRADE) has urged Malaysian small and medium enterprises (SMEs) as well as mid-tier companies to fully leverage on the perks announced in the 2020 Budget by incorporating an export plan in their business strategy or enhancing their existing export plan for 2020 and beyond.


Incentives to move into automation will boost confidence in automation investment -- MARii

By Mohd Khairi Idham Amran

KUALA LUMPUR, Oct 13  -- The proposed incentives for automation announced in the 2020 Budget will help boost business confidence in automation investments, as it demonstrates a stronger commitment from the government in developing the fourth industrial revolution (Industry 4.0) technologies within the local ecosystem.




HIGHLIGHTS


EXCLUSIVE


ECONOMIC REPORT

Selangor tables RM2.33 billion budget for 2020

SHAH ALAM, Nov 1 -- The Selangor government today tabled the 2020 Budget totalling RM2.33 billion based on five key strategies, said Menteri Besar Amirudin Shari.


Govt's focus in Budget 2020 is criticial in restoring trust, confidence in marketplace - ICDM

KUALA LUMPUR, Oct 12 -- The Government’s focus on strengthening institutions, governance and integrity is critical in restoring trust and confidence in the marketplace, Institute of Corp...


Budget 2020 addresses some pressing issues facing nation - KRI

KUALA LUMPUR, Oct 12 -- Khazanah Research Institute (KRI) says the 2020 Budget has addressed some pressing issues facing the nation, while driving growth and attaining long-term equi...


BNC LIVE


BUDGET SPEECH



© 2020 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution