ECONOMY
Economy seen growing 6.5%-7.5%in 2021, after diminishing 4.5%this year
Gross exports to grow 2.7?ter falling 5.2%in 2020
Inflation anticipated to stabilize at 2.5%in 2021
Unemployment rate to drop to 3.5%in 2021 from 4.2%this year
Domestic demand seen rebounding 6.9%in 2021, after an anticipated fall of 3%this year due to lower private and public sector spending
1 billion ringgit for investment reward packages to bring in innovation and high value-added investments
Deal income tax rewards ranging from 0 to 10%for 10 years to motivate pharmaceutical product makers to purchase Malaysia
Present Consumer Credit Act to encourage structured credit loaning activities and increase customer defense
Freeze issuance of new cigarette import licenses and tighten renewal of licenses starting Jan. 1
DEVELOPMENT
2.7 billion ringgit for improving rural infrastructure
Total of 33 billion ringgit set aside for defense and internal security
15 billion ringgit for transportation infrastructure jobs
Federal government still crazy about proceeding with high speed rail with Singapore, however contingent on further settlements
COVID-19
COVID-19 fund allotment seen at 17 billion ringgit vs this year’s 38 billion ringgit
Propose to raise ceiling of COVID-19 fund by 20 billion ringgit to 65 billion ringgit
COVID-19 vaccine supply expected to cost more than 3 billion ringgit
HANDOUTS & SUBSIDIES
6.5 billion ringgit for money aid program in 2021
400 million ringgit for Felda inhabitants to lower loan interests, prepare advancement programs
28 billion ringgit for aids, help and incentives for 2021
CLIMATE CHANGE
Government to provide first sustainability bond in Malaysia for ecological and social functions in 2021 ($ 1 = 4.1380 ringgit) (Reporting by Joseph Sipalan and A. Ananthalakshmi and Mei Chu; Editing by Ana Nicolaci da Costa and Kim Coghill)
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