Budget 2020: Malaysia to have new incentive packages to lure investments | TheStarTV.com

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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.

Keywords
budget 2020, china investors, economy, finance, fortune 500, lim guan eng, malaysia, special packages

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.

Keywords:
budget 2020, china investors, economy, finance, fortune 500, lim guan eng, malaysia, special packages