Sage Asia vice president and managing director Arlene Wherrett shares her thoughts on sugar tax, SME and technology initiatives announced by Finance Minister Lim Guan Eng during the tabling of Budget 2019.
The Government intends to introduce excise duty from 1 April 2019 at 40 cents per liter on two categories of sugary drinks manufactured in the form of ready-to-drink packaging.
Budget 2019 has been carefully crafted to balance fiscal discipline and growth, says Tengku Dato' Sri Zafrul Aziz, Group Chief Executive, CIMB Group
There is a sharper focus on addressing bread-and-butter issues, as well as better public health care for the B40, through assistance such as petrol and electricity subsidies, cost of living allowance, the B40 National Health Protection Fund and free medical screening for those above 50. With such holistic support, they should be in a better position to improve their livelihoods and live more productively.
Bursa Malaysia applauds efforts to implement institutional reforms and instil greater fiscal discipline while promoting the development of new economic areas.
“We welcome the various avenues for the private sector to be the driver of economic growth, by introducing innovative products that enable private investors to partake or contribute in the development of the nation, while allowing the government to manage the country’s finances,” says Datuk Seri Tajuddin Atan Chief Executive Officer Bursa Malaysia Berhad.