Kuala Lumpur - Prime Minister Datuk Seri Najib Tun Razak's small and medium-sized enterprises (SMEs) and the stock market, encourage foreign investment to stimulate various concessions, certainly that is balanced and practical a budget.
Budget 2016 infrastructure projects and which opens great opportunities for construction companies ringgit, certainly in a difficult external environment in the business sector will promote long-term effort that involves billions.
Najib, who is also Finance Minister, also in Cyberjaya, the KLIA Aeropolis City RM320 million to RM7.0 billion in Sarawak rubber, can spark and improve corporate activities all of which RM11 billion project cyber city center announced, Bumiputera including sector.
Worth RM900 million through strategic public and private Kuala Lumpur, Jalan Tun Razak aviation traffic in major projects in the project, of course, is good news for construction firms.
The venture capital and private equity funds in addition to the RM500 million allocation, Khazanah Nasional Bhd's nine countries in various fields to implement high-impact projects that invest RM6.7 billion House told.
And benefits to attract more private investment, including Sabah and Sarawak states, were enjoyed by to be sure, RM142 million worth RM20 million, Sandakan, Sabah, Sarawak and palm oil jetty in the Samalaju Industrial Park has been allocated for development.
In addition, RM42 million Akure Melaka airport feasibility study will be undertaken to expand the runway and airport upgrading the Kuantan and Kota Bharu Airport Mukah in Sarawak will be spent to develop.
Budget, including the sharp fall in crude oil prices Peoples, as a very difficult economic circumstances, serving in 2015 as compared to RM267.2 billion from RM260.7 billion, the amended provisions to supply better quality of life create "themed, global economic slowdown and depreciation of ringgit.
However, the goods and services tax (GST) be a lifesaver for the implementation of the 90 per cent GST compliance, representing more than 400,000 companies increase revenues through efficient tax regime turned out to be.
The opposition parties shamelessly yet, it criticized the GST GST is passed in their budget documents.
Through development expenditure, RM30.1 billion total economic sector, will receive the largest share.
For next year, the central government revenues RM225.7 billion, an increase of 2015 compared to RM3.2 billion is estimated.
The focus, chemical, electrical and electronic products, machinery and equipment, aerospace and medical device industries and services sectors will be on.
"In this, RM730 million under the Malaysian Investment Development Authority for funding is allocated," he said.
The GDP contribution to RM218.6 billion from RM112.2 billion public investment stimulated by an increase in private investment and support, is estimated at 26.7 percent next year doemstik investment activities, will be accelerated.
Dewan Rakyat, the administration's leadership after his seventh budget to the Budget 2016, Najib, who is dressed in a purple eggplant Malay.
The 2016 budget is a manifestation of the Eleventh Malaysia Plan, Malaysia a high-income economies to transform the budget is the first in a series of budget.
Of GDP in 2020, which will account for 41 percent of small and medium-sized enterprises (SMEs), in order to survive, they provide soft loans of RM200 million for the SME Bank SMEs, including the establishment of the Technology Transformation Incentive Fund proposed rate of 4.0 percent.
The December 31, 2017, as the law will provide SME financing schemes RM1.0 billion, he said.
Moreover, SMEs RM50,000 for each year of assessment to bear the costs of R & D projects, automatically doubled for 2018 tax assessment year 2016 is eligible.
Encourage entrepreneurship and innovation promotion, RM35 million for entrepreneurship and innovation as a regional center, was dedicated to magic, and RM30 million this global community entrepreneurship, Ark, great, 1MET, National Innovation Competition and coding various youth programs to implement pilot projects in schools.
Science, Technology and Innovation (MOSTI) and Ministry to make the region a competitive technology center will allocate RM1.5 billion.
Najib, exports and government to strengthen the economy 1Malaysia Promotion Programme, Export Services Fund and the Export Promotion Fund for the implementation of RM235 million to provide support to MATRADE will increase.
Matrade and SME Corp. also export goods and services to SMEs and mid-stage companies will increase.
Commercial transactions in local banks to diversify the use of foreign currency credit swap rngt- REMINBI Bank Negara Malaysia will provide, he said.
Meanwhile, Najib Malaysia six agreements and seven bilateral agreements in the regional free trade agreements covering 13 is signed.
Trans-Pacific Partnership Agreement (TPPA), to the Prime Minister had agreed in principle, but the final decision will be made by Parliament.
TPPA 800 million to US $ 27.5 trillion GDP with the population of all 12 countries, Malaysia will open more markets and new opportunities.
In the design of appropriate policies in the current economic situation, Najib government continued food production by 2020, said proposed several tax incentives.
Equal to the amount of their investment in incentives will receive a tax deductible investment in a subsidiary undertaking which is a food production company.
Companies that implement new production projects 100 percent income tax exemption for 10 years will be given.
Najib government to boost the construction sector such as industrial building system (IBS) as the adoption of technology has been encouraging companies to increase.
Malaysian Communications and Multimedia Commission (MCMC) broadband projects in rural areas will provide for RM1.2 billion, infrastructure, national fiber backbone, high-speed broadband and submarine cable systems, the communication infrastructure to improve.
