NEWS

Budget 2021: RM7.4 billion set aside to expand broandband services



KUALA LUMPUR, Nov 6 -- The Malaysian Communications and Multimedia Commission (MCMC) will allocate a total of RM7.4 billion to build and upgrade broadband services for 2021 and 2022, said Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz.

He said telecommunication networks could now be considered as a third utility and that virtual services were becoming more common in the new norm.  

"The development of infrastructure and upgrading of basic telecommunications networks is necessary to meet the needs of the digital lifestyle," he said when tabling Budget 2021, themed ‘Stand United, We Shall Prevail’ at the Dewan Rakyat today.

Tengku Zafrul said a total of RM500 million would also be allocated to implement the National Digital Network initiative (JENDELA) to ensure the connectivity of 430 schools nationwide.

He also announced a contribution of RM150 million into the Tabung Cerdik by government-linked companies (GLCs) and government-linked investment companies (GLICs) so as to provide laptops to 150,000 students in 500 schools as a pilot project to be supervised by Yayasan Hasanah.

-- BERNAMA

 

 


 





OTHER NEWS

Budget 2022: Impact on fixed income market almost negligible, says Manulife

KUALA LUMPUR, Nov 12 -- The impact from Budget 2022 on the fixed income market is almost negligible, given that there were no major surprises in terms of the country’s debt financing requirement and fiscal position, said Manulife Investment Management (Manulife).


Govt needs to look for other ways to increase revenue beyond Budget 2022 taxes - Expert

KUALA LUMPUR, Nov 11 -- Budget 2022 tax initiatives may not contribute significantly to government revenue and there is a need to look for other ways to increase it for the sustainable economic growth of the country, according to a tax expert.


Budget 2021 formulated based on valid data - MoF

KUALA LUMPUR, Dec 16 -- Budget 2021 was formulated based on reports presented by relevant bodies whose data could be determined to be valid, the Ministry of Finance (MoF) said.


HIGHLIGHTS


EXCLUSIVE


ECONOMIC REPORT

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 ...

Budget 2021 described as inclusive for all in tourism sector

KUALA LUMPUR, Nov 9 -- The inclusive Budget 2021 touching on the involvement of various parties contributing to the economic chain related to the tourism sector is seen capable of revital...



BNC LIVE


BUDGET SPEECH



© 2024 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