save malaysia!!!

Author: savemalaysia   |   Latest post: Wed, 24 Apr 2019, 5:38 PM


Key highlights of Prime Minister Tun Mahathir’s speech at Invest Malaysia 2019

Author:   |    Publish date:

  • Friendly ties with Singapore and China – growth partner. Key trading and investment partner. 
  • GLC not to crowd out private sector – become catalytic role in driving growth. 
  • Fix and strengthen government – Cabinet committee set up for anti-corruption. 
  • No political appointees in GLCs. 
  • Change in constitution – Prime Minister term to limit to 2 terms. 
  • Parliament to appoint MACC Chief. 
  • Budget transparency – mid-year Budget review to be done. 
  • Ministry of Finance to provide guidelines on appointing Head of GLCs. 
  • Prime Minister’s to review salary and remuneration of government agencies and GLCs. 
  • Look East Policy – Learn Japan culture in hardwork. 
  • Shared prosperity in income levels – Income gap widening and needs to narrow with higher worker salaries with growth in profits. 
  • Fiscal Responsibilities Act – Government balance sheet to reduce debt and guarantees, greater risk control on government guarantees. 
  • Reduce GLCs stake of the government – monetisation must not be at fire sale prices. No disruption to capital markets. Some GLCs to be listed. 
  • Fiscal Consolidation Committee headed by Prime Minister is on track to achieve targets.  
  • Reduce tax leakages. 
  • Holistic and simplified tax incentives for future investments. 
  • Corporate tax to be reduced to 17% for SMEs. <RM500k profit. 
  • No new tax this year – only sugar tax to be implemented. 
  • Rationalising government expenditure to be more effective – streamlining programmes for poor headed by Deputy Prime Minister. 
  • NEAC given mandate to identify pain points and proposing measures to improve growth prospects. 
  • Education improvements – Make National Schools Great Again. No exams for Standard 1-3. Single vocational schools. Special task force reviewing entire education policies to complete next month.  
  • Regain status as Asian Tiger.
Share this

  Be the first to like this.



Top 10 Active Counters
 SCOMNET 0.930.00 
 KOTRA 1.660.00 
 UCREST 0.2550.00 
 PINEAPP 0.380.00 
 PUC 0.0950.00 
 WILLOW 0.4750.00 
 IRIS 0.1750.00 
 BTECH 0.240.00 
 3A 0.9350.00 
 TENAGA-C57 0.070.00 
Partners & Brokers