BFM 89.9

HIGHLIGHTS 
Podcast  >  Morning Run  >  Morning Brief  >  Could the PH Government Paddle Back on its Election Promise?

Could the PH Government Paddle Back on its Election Promise?

02-Oct-19 07:15

Could the PH Government Paddle Back on its Election Promise?

Finance Minister, Lim Guan Eng, indicated the direction of the upcoming Budget 2020 by saying that one cannot take sides between development expenditure and managing debts.


Despite having a fiscal deficit, Malaysia has enjoyed a current account surplus and Guan Eng said development expenditure must continue.


While focusing on restoring the country’s fiscal health, Budget 2020 will give emphasis on creating more jobs with reasonable pay and has identified Industry 4.0 as its new source of productivity and economic growth.


Digital tax is also set to commence by 1 January 2020 and is expected to rake in RM 2.4 billion a year.


At the same light, MIER has urged the government to re-introduce the Goods and Services Tax (GST) in Budget 2020 at lower rate of 3%. Tan Sri Kamal Salih, MIER chairman, said GST is a fair system because there is an exclusion clauses that will protect the B40 income group.

Presented by: Lyn Mak, Julian Ng, Sharidz Abdullah


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Investments

Tags:  GSTBudget 2020fiscaleconomydigital tax





Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Tony Nash, CEO, Complete Intelligence

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Adrian Chew, ASEAN AI and Data Leader, EY

7:45 AM

Morning Brief

Ahmad Maghfur Usman, Equity Analyst, Nomura Malaysia

8:00 AM

The Breakfast Grille

Manu Bhaskaran, Founding Partner & President, Centennial Asia Advisors

8:30 AM

Morning Brief

Dr. Rachel Gong, Deputy Director, Khazanah Research Institute

8:45 AM

Morning Brief

Dr Syaza Shukri, Associate Professor, International Islamic University of Malaysia (IIUM)

9:00 AM

Opening Bell

9:15 AM

Opening Bell

9:35 AM

What's the Focus

10:05 AM

Open For Business

Isaac Kon, CEO and Founder, Heytech Sdn Bhd

11:05 AM

Resource Centre

Matt Armitage, Founder, Kulturpop

12:00 PM

Enterprise Explores

Michael Freese, Professor of Management, Asia School of Business

1:00 PM

The Breakfast Grille Repeat

Manu Bhaskaran, Founding Partner & President, Centennial Asia Advisors

2:05 PM

Front Row

Classical Kung Fu!; Dr Goh Chia-Chien, Conductor, Violinist and Artistic Director, Musicians Linkage Group of Ensembles

2:20 PM

Front Row

Titik Garis Bentuk: Drawing as Practice; Rahel Joseph, Gallery Director, Ilham Gallery

3:05 PM

Good Things

Native Allies; Daniel Teoh, Founder, Native

4:05 PM

Health & Living

Why A New TB Vaccine Is An Investment Worth Making; Dr Allison Portnoy, Assistant Professor of Global Health, Boston University School of Public Health

5:00 PM

The Evening Edition

7:05 PM

The Evening Edition

7:30 PM

Just For Kicks

9:00 PM

A Bit of Culture

Algorithm vs Putting in the Work; Kam Raslan | Julian Yap | Sheryll Paul