Incentivise Budget 2023 to help SMEs, say business groups

  • 📰 staronline
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

United States News News

United States United States Latest News,United States United States Headlines

PETALING JAYA: More special allocations and incentives are needed under the 2023 Revised Budget to help small and medium enterprises (SMEs) spur the local economy, say groups.

SME Association national president Ding Hong Sing welcomed Prime Minister Datuk Seri Anwar Ibrahim’s initiative to put SMEs as one of the main focuses in the revised 2023 Budget.

Anwar had announced that digital advancement, small and medium enterprises, and the green economy would be the focus of the revised 2023 Budget. He said as the Chinese international border has reopened, Malaysia must immediately capitalise on it by offering tax breaks and other benefits. By capturing these foreign investors through the assistance provided, he said Malaysia would be able to be the regional hub that local SMEs could benefit from.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

dear SMEs, u want incentives n all raking wider profit margin but still paying local employees peanuts, give them fair living wages

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines