KUALA LUMPUR, Oct 11  -- The government has no intention of bringing back the Good and Services Tax (GST), instead it will introduce a new Digital Services Tax and several tax incentives and exemptions to further boost the economy, said Finance Minister Lim Guan Eng.

KUALA LUMPUR, Oct 11 -- The  2020 Budget is answering the clarion call of youths, as it is aimed at attracting more investments to push the country into the next frontiers of growth, create new jobs with better wages, while being prudent with the nation’s coffer and ensuring wealth is well distributed in the spirit of shared prosperity.

KUALA LUMPUR, Oct 11  -- The government is allocating RM30.6 billion to ensure access to quality healthcare for all, as part of its aspiration of creating an inclusive Malaysian society.

KUALA LUMPUR, Oct 11  -- The government will be launching the Malaysians@Work initiative, aimed at simultaneously creating better working employment opportunities for youth and women, in the process reducing over-dependence on low-skilled foreign workers.

KUALA LUMPUR, Oct 11  -- The government will allocate RM10 million to the Ministry of Entrepreneur Development (MED) for advocacy and awareness efforts on halal certification, halal product development and providing platforms for local players to tap into the US$3 trillion global halal market.

KUALA LUMPUR, Oct 11 --  Customised packaged investment incentives of up to RM1 billion would be made available annually over five years to attract targeted Fortune 500 companies and global unicorns in high technology, manufacturing, creative and new economic sectors.

  KUALA LUMPUR, Oct 11  -- Recognising the hardships caused by low rubber prices, the government will allocate RM200 million for Bantuan Musim Tengkujuh (Rainy Season Aid) to eligible rubber smallholders under the  Rubber Industries Smallholders Development Authority (RISDA) and Lembaga Industri Getah Sabah (LIGS).

KUALA LUMPUR, Oct 11  -- The government will be enhancing the Business Loan Guarantee Scheme (SJPP) to better facilitate Small and Medium Enterprises’ (SMEs) access to financing in priority segments.

KUALA LUMPUR, Oct 11 -- The government will allocate RM550 million for the smart automation matching grants to 1,000 manufacturing and 1,000 services companies to automate their business processes.

KUALA LUMPUR, Oct 11 -- The government is allocating RM297 billion in total expenditure under the 2020 Budget -- RM19.5 billion more than the RM277.5 billion allocated last year, said Finance Minister Lim Guan Eng.