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National budget bold, rightly remains expansionary

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The 2021 Budget is bold and has done well to focus primarily on helping Malaysians cope with the current challenges, despite revenue constraints caused by Covid-19, corporate leaders said.

KPMG Malaysia head of tax Tai Lai Kok said the budget remained "bold and expansionary" despite the expectation that Malaysia's economy would contract by as much as 4.5 per cent this year.

"Critical areas and sectors are being addressed, fully acknowledging the pain and discomfort of Malaysians, particularly the B40 and the worst affected economic sectors like tourism and travel.

"One of the more attractive announcements in moving the country and economy towards to a faster recovery mode is the initiative to encourage the domestic production sector with the allocation of RM300 million towards driving an online trading environment for local manufacturers and traders," Tai said.

Read the full article here as published in the The New Straits Times or click here to view the online article.  

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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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