News by EdgeProp.my

Strategy 8: Inclusive Development - Provision RM10.9billion for rural development. 

Those in the rural areas of Sarawak and Sabah will not be left out of the National Fiberisation and Connectivity Plan. Some RM250 million will be spent on the two states alone, which will include providing rural areas with satellite internet connection.

RM70 million allocation for housing for new generation of FELDA settlers

Qualified electrical and engineering companies will be offered 10-year tax breaks and other incentives. 

Goods and Services Tax

For the year 2020, Sabah and Sarawak remained the state that received the highest development expenditure with a total allocation of RM 5.2 billion and RM 4.4 billion respectively.

Compared with Budget 2019, operational expenditure down 7.25% to RM241.020 billion

Logistic hubs in the Special Border Economic Zone (SBEZ) of the Kota Perdana in Bukit Kayu Hitam

The government expects to spend RM8 billion to improve port infrastructure and turn Port Klang and Pulau Carey into regional maritime centres and logistic hubs.

In 2020, the construction sector is expected to grow further to 3.7% on account of acceleration and revival of mega projects as well as the building of affordable homes.