The Malaysian Institute of Accountants (MIA) welcomes the numerous programmes and incentives focused on the development of micro entrepreneurs, at the recent announcement of the Budget 2018.  

The programmes include an allocation of RM500 million to Tabung Ekonomi Kumpulan Usahawan Niaga (TEKUN) and RM80 million to the Skim Pembiayaan Ekonomi Desa (SPED).

Lazada Malaysia applauds the government’s continuous efforts in improving Malaysia’s eCommerce industry, especially with the allocation of RM 83.5 million ringgit for the first phase of the Digital Free Trade Zone (DFTZ) at KLIA. This is expected to further spur the growth of local Small and Medium Enterprises (SMEs) and attract investments worth up to RM 700 million.

Instructure welcomed the Government’s view that this year’s budget is “the Mother of all Budgets” that complements the nation’s 11th Malaysia Plan with TN50 (Transformasi Nasional 2050) to become one of the top global 20 nations in economic development, social advancement and innovation.

“The 2018 National Budget sets the stage for Malaysia to continue its aspirations of a knowledge-based, high-income nation by 2020, to one of the world’s top 20 performing nations by 2050. We laud the government’s practical allocation especially in the areas of advancing education standards through Science, Technology, Engineering, and Mathematics (STEM), spurred by its TN50 aspirations. We look forward to a vibrant and dynamic education ecosystem, with technology as its catalyst,” said Troy Martin, Vice President, APAC for Canvas, Instructure. 

Malaysia, like the rest of the world, is on the brink of the fourth industrial revolution and digital economy era. 

“With the announcements made in the Malaysia Budget 2018, we see an increased emphasis on preparing the nation to become a fully-developed digital economy through targeted initiatives such as the Malaysian Digital Policy,” said Tervinderjit (TJ) Singh, Research Vice President at Gartner.