LIVE: Incentives for bumiputera entrepreneurs

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- SME Bank will introduce two new funds - RM200 million for female entrepreneurs and RM300 million for firms with potential, with priority given to locally-made halal products.The government will guarantee up to 80 percent of export-oriented and digital bumiputera businesses, up 10 percent from last year.These guarantees will be distributed by the Skim Jaminan Pinjaman Perniagaan .

Fifty percent in matching grants for efforts to support digitalisation of SMEs plus matching grants for 2,000 manufacturing and services firms that embark on automation efforts.- Private companies which adopt digital social responsibility to help train their workforce will be given tax breaks. The government will allocate RM10 million to train people in e-commerce.

The government is studying ways to develop Carey island and will allocate RM50 million to repair roads in Port Klang.– Lim says the government has no plans to reintroduce the Goods and Services Tax - The government is creating various schemes to attract Fortune 500 companies in the following industries - technology, manufacturing, creative and new economy.

Finance Minister Lim Guan Eng is tabling the Pakatan Harapan government's second budget in the Dewan Rakyat since the coalition came to power.

 

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why don't government build more artificial reef like sarawak did? it's more effective than giving free money.

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