In response to Malaysia's 2024 budget announcement, Wilson Beh, President of Fintech Association of Malaysia (FAOM) has shared his comments on the allocation for startup as follows:

“Following the recent Budget 2024 announcement, we are pleased to note the inclusion of fiscal support for startups. This step highlights a promising landscape ripe with increased investment opportunities especially for the fintech industry.

-Attributed to Adelene Foo, Managing Director, Grab Malaysia

We are encouraged by Budget 2024 and its prudent allocation in future proofing Malaysia’s economy through targeted initiatives, amidst today’s rising cost of living. It also mirrors our own mission to serve and empower all Malaysians to continue thriving within this dynamic landscape.

Sheldon Fernandez, Country Manager, PropertyGuru Malaysia

Kuala Lumpur | Friday, 16 October 2023

We commend the Malaysian Government’s decision to introduce various housing initiatives in the recent Budget 2024 announcement, to ensure homeownership remains affordable and attainable to all. With the government putting forward RM2.47 billion for public housing projects in 2024, we are hearted to see that the focus on targeted initiatives for the underprivileged to alleviate homeownership costs aligns with what PropertyGuru had highlighted in our Budget 2024 wish list.  

Notably, we applaud the announcement of RM546 million allocated for the continued development of 36 People Housing Programs (Program Perumahan Rakyat, PPR), including a new project in Kluang, Johor. The increase in supply of affordable homes will be key in stabilising the existing property market.