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Author: gorenggoreng88   |   Latest post: Tue, 29 Oct 2019, 10:25 AM

 

Budget 2018 - Govt to focus on tax incentives for Industry 4.0 [Goreng Goreng]

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PUTRAJAYA: The upcoming Budget 2018 places more emphasis on the need to provide tax incentives that focus on the development of the fourth industrial revolution (Industry 4.0).

ViTrox V-ONE Towards Industry 4.0 [Goreng Goreng]

Second Finance Minister Datuk Johari Abdul Ghani said this would be in line with the Government’s effort to promote high-technology industries and minimise dependency on manpower.

“These include sectors involved in automation, robotic development, big data and others which are being promoted by the Government,” he said.

Johari said the Government could no longer provide tax incentives for every sector, and it needed to focus on the current situation, taking into account the country’s present and future needs.

“We can no longer provide incentives to all industries; it now depends on the flavour of year and the flavour of the future,” he told reporters after chairing the Budget 2018 Focus Group Meeting: Boosting Private Investment in Putrajaya on Thursday.


The budget will be presented in Parliament by Prime Minister Datuk Seri Najib Tun Razak on Oct 27.

The first focus group meeting assembled industry players, chambers of commerce, government agencies and non-governmental agencies who provided input to the preparation of Budget 2018 proposals.

Johari said the proposed tax incentives were part of the government’s efforts to attract more industry players to participate and invest in Industry 4.0.

Commenting on remarks that local investors should not be too carried away with the large and exciting Chinese market, Johari said the world could not avoid doing business with the US and China as their gross domestic product was over US$18 trillion and US$11 trillion, respectively.

Malaysia is in a strategic position to leverage and capitalise on China’s economic growth, he said, adding that China contributed 16% of Malaysia’s total trade of RM1.5 trillion, while the US, 9.3%.

However, he noted that the two countries were not the main focus for Malaysia’s trade activities, as the country also has good trade ties with Asean countries, European countries, Japan, and South Korea.

Asked if China is Malaysia’s first choice investor in the country, Johari said Chinese investments were more focused and met the needs of the current national development projects.

“As we can see, China is actively investing in many countries and they come to Malaysia to make investments which are tailored to the country’s much needed development,” he added. - Bernama 

 

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stockmanmy Vitrox is high quality stuffs.
21/07/2017 12:03 AM
stockmanmy Vitrox good for Malaysia.
21/07/2017 12:04 AM
stockmanmy Vitrox exports their equipment to Japan, Taiwan, Europe, China among others.
21/07/2017 12:16 AM
stockmanmy Post removed. Why?
21/07/2017 12:19 AM
jwblacklabel A cheaper alternative to Vitrox - not same products but in automation is Willowglen ...
21/07/2017 10:10 AM
superwoman jwblacklabel→ A cheaper alternative to Vitrox - not same products but in automation is Willowglen ...
21/07/2017 10:10

ya, I will support Willowglen.
21/07/2017 6:24 PM
stockmanmy Post removed. Why?
21/07/2017 7:19 PM
samsambank Dufu with a very low P/E has much to do with smart phones, mobile devices,cloud, data centers,automation and e-commerce.
21/07/2017 10:48 PM
stockmanmy then...you need to compare the quality of Dufu with Vitrox....

no fight, not even close.

People who knows quality buys Vitrox, cheapskate people will always buy Dufu.
22/07/2017 1:17 AM
stockmanmy Post removed. Why?
22/07/2017 1:47 AM
samsambank Vitrox has a P/E of 27.68, while Dufu has a P/E of 8.45.
Dufu's P/E is less than one third of Vitrox's P/E.
22/07/2017 10:41 AM
stockmanmy Post removed. Why?
22/07/2017 11:46 AM
VenFx Don't let your Rooster EGgs flying away, cacth it now.
U will become unbeatable in the sky...
22/07/2017 11:52 AM
samsambank stockmanmy, you can go back home.

https://klse.i3investor.com/servlets/forum/600128336.jsp
22/07/2017 12:03 PM


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