Budget 2020: Malaysia to have new incentive packages to lure investments

Published on 11 Oct 2019 5:14:51 PM

Finance Minister Lim Guan Eng announced a RM297bil allocation for Budget 2020, less than the RM314.5bil allocation for Budget 2019.

This comprises an operational expenditure of RM241bil and a development expenditure of RM56bil.

To boost national revenue and economy, he also said the government will offer special investment incentive packages worth up to RM1bil a year for a period of five years to attract Fortune 500 companies and “global unicorns” in the high tech, manufacturing, creative and economic sectors.