RHB Research: Malaysia’s Budget 2020 likely to include mini stimulus package | Malay Mail

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RHB Research: Malaysia’s Budget 2020 likely to include mini stimulus package

17 September 2019

The “so-called” mini fiscal stimulus package could amount to RM3 billion or 0.2 per cent of gross domestic product , while likely in the form of higher development expenditure, said RHB Research. “We believe these measures will help counter the country’s slowing private investment and weak trade activity,” it said.

“New infrastructure projects, such as the Pan Island Link 1 highway and light rail transit under the RM46 billion Penang Transport Master Plan may be announced in the budget. It said Malaysia’s corporate income tax rate currently stands at 24 per cent for companies and has remained such since 2014.


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