More incentives likely in budget


SERC executive director Lee Heng Guie

KUALA LUMPUR: The government will likely announce a bigger-than-usual number of incentives for the various sectors of the economy in the upcoming Budget 2023.

When contacted by StarBiz, economists and analysts generally said that there was a high chance that a number of labour-reliant industries could benefit from tax incentives and are expecting priority to be given to automation and levelling up technology for industries, including small and medium enterprises (SMEs).

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Reaping the Max from streaming
The ringgit recovery
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Singapore playing roulette with casino licensing
Bidding big on Malaysian art
Inflation rises slightly in October
Building a firm facade

Others Also Read