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Budget 2021 To Help Support Manufacturing Sector

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The high contribution of the manufacturing sector to the country’s economy has also been indicated in a joint study by KPMG and The Manufacturing Institute in the US that Malaysia is ranked fourth among 17 economies in an assessment comparing economic competitiveness as a manufacturing hub.

It is believed that Budget 2021 could help mitigate the COVID-19 impact on the manufacturing sector and retain high economic competitiveness as a manufacturing hub, specifically through the allocation of RM1 billion for high technology and high value-added investment incentive packages in Budget 2021.

Read the full article as published in Bernama.com

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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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