Finance Minister, Tengku Zafrul Tengku Abdul Aziz has mentioned that Putrajaya will focus on four “broad themes” in the upcoming session.
Education, employment, social protection and social mobility were among the focus themes that are expected to be featured prominently in the Budget. The Finance Minister further highlighted other related areas will include ensuring gross domestic product (GDP) growth for 2021, increasing foreign direct investment (FDI) and consumer confidence.
“Budget 2021 will be complemented by the earlier economic recovery packages rolled out by the government, including the National Economic Recovery Plan (Penjana) and Prihatin Rakyat Economic Stimulus Package, to address the drastic economic slowdown brought about by the Covid-19 pandemic,” Tengku Zafrul was quoted in a news report.
So how will this year’s session be any different than the previous ones. BusinessToday speaks to economists and think tank researchers to share their thoughts on the possible outcome of Budget 2021.
Continue reading your story on the app
Continue reading your story in the magazine
MAKING THE RIGHT PIVOT TO ADAPT TO CHANGING TIMES
The arrival of the pandemic has disrupted industries both globally and nationwide. Much like its peers, the property industry was left to face an unprecedented number of shifts and along with the shifts, came the impact as well.
THE YEAR IN REVIEW 2020
In an unprecedented year, businesses faced both struggles and opportunities in the midst of a pandemic. With more focus on digitalisation, the business community have found themselves in a shift that is changing the way Malaysian consumers behave with technology, requiring a more seamless and effective experience.
OFFERING USERS A SMOOTHER DRIVE
As a car enthusiast, Gim Teck Yew is constantly looking into changing and with newer models entering the market more often, he found selling his old cars a hassle.
MAKING THE SUSTAINABLE CHOICE FOR YOUR BUSINESS
Sustainability has been at the forefront of business discussions in recent years, making it an unavoidable topic that every business needs to be aware of as we preserve our world for future generations in everything we do for our people, planet and community.
LEVERAGE INTERNET PENETRATION TO EXPAND E-COMMERCE MARKET
Sofea Azahar is Research Analyst at EMIR Research, a think tank focused on strategic policy recommendations based on rigorous research.
EXIM BANK CONTINUES TO BE PREFERRED TRADE FINANCIER FOR GLOBAL BUSINESSES
Despite the challenging Covid-19 situation and decline in oil prices, Export-Import Bank of Malaysia Berhad (EXIM Bank) continues to be the preferred trade financier and advisor of global businesses, as it finds ways to lend its support to Malaysian businesses by financing their cross-border projects.
DRIVING DIGITAL RECOVERY THROUGH SMES
BusinessToday speaks to Facebook Malaysia’s Country Director, Nicole Tan on the importance of SMEs leveraging digital tools to expand their offerings and why platforms like Facebook hold the responsibility in helping the community
E-PEDAGOGY: STIMULATING THE PHYSICAL LEARNING EXPERIENCE USING EDTECH
Schools across the Asia Pacific were caught off guard and unprepared when the Covid-19 pandemic hit.
A RAY OF LIGHT IN 2021...?
No one would have thought that the economy this year is going to be in recession although I have been toying with such an idea since 2018. Back then, the yield curve inversion in the US Treasury markets really caught my attention.
Mental Health And The Effects On The Economy
Jamari Mohtar and Tam Mei Si are part of the research team of EMIR Research, an independent think tank focused on strategic policy recommendations based on rigorous research.