NEWS

 OCBC hopes Budget 2020 will improve business sentiment, confidence



KUALA LUMPUR, Oct 7 -- OCBC Bank (Malaysia) Bhd hopes the government will step up efforts to boost spending and create new incentives in the Budget 2020 to improve business sentiment and confidence.

The national budget would be tabled on Oct 11 in parliament.

In a statement, OCBC chief executive officer, Datuk Ong Eng Bin said these new incentives, whether fiscal or not, is important considering uncertainties arising from the continuing trade war involving the United States and China.

“At the same time effort must be made to reduce inequality, especially in the urban areas with more attention paid to balancing between growth and environmental sustainability.

“We are confident the upcoming Budget 2020 will take into consideration these factors and challenges,” he added.

-- BERNAMA

 





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