Plummeted oil and commodity prices, economic slowdown in China, ringgit depreciation, political instability, goods and services tax (GST) introduction have impacted the domestic and external consumption, slowing down our economy considerably.
With an aim to achieve a balanced budget by year 2020, cautious spending limits our ability to increase public spending to pump prime the economy. Our Government indeed will have a mammoth task rafting Budget 2016. With strong economic headwinds ahead, due attention can be given to several critical aspects.
Come with the challenges are opportunities. The softening ringgit will undoubtedly enhance our export competitiveness. The Government should encourage more Malaysian companies to export their goods and services. Malaysia now provides tax exemption of 15% of the value of increased exports generally.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
With an aim to achieve a balanced budget by year 2020, cautious spending limits our ability to increase public spending to pump prime the economy. Our Government indeed will have a mammoth task rafting Budget 2016. With strong economic headwinds ahead, due attention can be given to several critical aspects.
Come with the challenges are opportunities. The softening ringgit will undoubtedly enhance our export competitiveness. The Government should encourage more Malaysian companies to export their goods and services. Malaysia now provides tax exemption of 15% of the value of increased exports generally.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment