Budget 2019 Public Bank Bhd founder and chairman Tan Sri Teh Hong Piow

November 2, 2018 | By | Reply More

Grab latest promotion at LAZADA now!

We congratulate the Pakatan Harapan government for its maiden Budget 2019 with the theme ‘A Resurgent Malaysia, A Dynamic Economy, A Prosperous Society’. Despite the economic and fiscal challenges, Budget 2019 has been crafted with wholesome and inspiring approaches to enhance the well-being of the people as well as to promote the entrepreneurial culture among businesses for Malaysia to return to the status of “Asia Tiger”. Specifically, towards strengthening the fiscal management of the country, we applaud the unprecedented institutional reform initiatives proposed such as the Fiscal Responsibility Act, Government Procurement Act and zero-based budgeting.

In promoting housing for all, we welcome the various measure proposed in the Budget 2019. These measures would benefit the low-income group, first time home buyers, government servants, and also addressing the current overhang situation of residential properties. We note that the government is exploring property crowdfunding under the peer-to-peer financing framework as an alternative source of financing for first time home buyers. In this respect, Public Bank will explore its possible role in participating in this innovative mechanism to continue to support first time home buyers.

The government proposes wide-ranging initiatives to further harness and unleash the potential of our key economic sectors, which include embracing the digital economy, accelerating the adoption of Industry 4.0, strengthen ing small and medium enterprises, further developing the logistics and transportation sector, boosting tourism and creating value-add on commodities. We commend on these forward-looking measures and the focus on these sectors, which are drivers of future growth of our country.

FREE RM12.70 credit upon sign up to discover and book amazing travel experiences with Klook.

Category: News

About the Author ()

Leave a Reply