Blog of a Sentimental Data Digger
Malaysia’s 2018 PM Budget proposals: trade-oriented economy, focusing on high-impact export sectors, while accelerating the logistics and transport system. The budget is laying the foundation for the National Transformation 2050 (TN50)
Efficient infrastructure system to improve the logistics and transportation sectors.(East Coast Rail Link (ECRL) and Mass Rapid Transit (MRT) 2 Line, MRT3 Line, The Light Rail Transit (LRT) 3 project, The Kuala Lumpur and Singapore High Speed Rail, West Coast Highway)
Financial market: boosting the exchange-traded fund and structured warrants, capital market and access to investment and alternative trading system; credit financing facilities to SME exporters:
· SJPP, using intellectual property as an instrument of financial collateral with up to 80% financing guarantee;
· tax exemption on stamp duties imposed on contract notes for sales and purchase transactions of Exchange-Traded Fund (ETF) and Structured Warrants for three years;
· investments in venture capital in main selected sectors coordinated by Securities Commission;
· income tax exemption to include management and performance fees received by venture capital management company;
· reducing the minimum investment in venture companies from 70% to 50%;
· companies or individuals investing in venture capital companies are provided tax deduction equivalent to the amount of the investment made in the venture companies….
Under the Industrial Revolution 4.0, the Government has proposed to provide a matching grant under the Domestic Investment Strategic Fund to upgrade the Smart Manufacturing facilities.
Promotional programmes, and expand export markets by Matrade (export promotion activities will be focused in key markets where Malaysia has Free Trade Agreements with and markets with high demand for Malaysian exports especially in sectors such as furniture, electrical and electronics, information, communication and technology, oil and gas, food and beverage, construction and others), Mida and SME Corp, MaGIC (all of the programs and initiatives under the centre share one uniting goal – to build an ecosystem of entrepreneurs with creative skills and the capability to innovate)
Digital Economy continues to be a key driver of growth, contributing 18.2 per cent to Malaysia’s gross domestic product this year and expected to exceed the projected target of 20 per cent earlier than 2020
· Green Technology Financing Scheme.
· The government intends to implement the non-revenue water programme to reduce the average loss of water.
Malaysia will be the first in the world outside China to establish a Digital Free Trade Zone (DFTZ) which comprises e-Fulfilment Hub, Satellite Services Hub and e-Service Platform to stimulate growth in electronic trade