Budget 2027
#Budget2027 has been called “very sweet, with lots of candy”.
That’s how #ACCCIM’s Lee Heng Guie described it at the Oct 9 online forum, while ACCCIM’s LL Koong (Datuk Koong Lin Loong) called it the best budget since the pandemic. Personal #income tax relief goes up from RM9,000 to RM12,000, #SMEs get a lighter tax burden, and AI allocations are bigger to encourage business transformation. The plan to narrow the fiscal deficit to 3% of #GDP by 2028 also sends a responsible message to international investors.
Our CEO, Zhu Hann NG, joined the panel and saw the budget as one of steady progress. Funds go to the areas that will drive the economy’s future, while traditional SMEs and middle-income groups are not left behind in the transition.
It builds on his view of last year’s Budget 2026, when he said the government was shifting from “subsidy thinking” to “venture capital thinking”, with a higher allocation for high-tech and biotech startups through Jelawang Capital (RM750 million).
Read the full articles here (in Chinese):
