1 November, 2019
Budget 2020
On 11 October 2019, the Minister of Finance YB Lim Guan Eng unveiled the Malaysian Budget 2020 ("Budget"). With the theme "Driving Growth and Equitable Outcomes Towards Shared Prosperity", the Budget has four main thrusts:
(i) driving economic growth in the new economy and digital era;
(ii) investing in Malaysians: levelling-up human capital;
(iii) creating a united, inclusive and economic society; and
(iv) revitalising public institutions and finances.
To leverage opportunities arising from the US-China trade war, a central aim of the Budget is to encourage economic growth through foreign direct investments into Malaysia. An emphasis is also placed on measures to develop the nation's digital economy, in line with global digitalisation trends.
Please click here for the full report (15 pages PDF).
For further information, please contact:
Adeline Wong, Partner, Wong & Partners
adeline.wong@wongpartners.com
