BIX ARTICLE

Malaysia’s Budget 2020


Featured Posts

SRI Sukuk: The Journey Towards Sustainable and Responsible Investment

Jul 23, 2020

|

5 min read

Securities Commission's Capital Market Masterplan 3 (CMP3)

Sep 21, 2021

|

2 min read

What If We Allowed Retail Investors to Directly Invest in Malaysia’s Government Bond?

Aug 24, 2021

|

8 min read

Islamic Bonds Come Under Microscope After Garuda Indonesia Default

Aug 19, 2021

|

8 min read

Malaysia’s Budget 2020

Budget 2020 was announced by YB Tuan Lim Guan Eng, Minister of Finance on 11th October 2019 at Dewan Rakyat.
 
Among the highlights in the Budget 2020 are;


Malaysian Economy
  • Budget 2020 has four thrusts including boosting economic growth in new economy and digital era, investing in people.
  • Approved foreign direct investment has increased to RM80.1 billion in 2018 from RM54.1 billion in 2017.
  • Protracted trade war offers Malaysia unique opportunity to become choice destination for FDI with high added value
Government
  • Japan Bank for International Cooperation (JBIC) offers to guarantee additional tranche of Samurai bonds with lower interest rate of less than 0.5% compared with 0.63% previously. The federal government plans to issue the bonds early next year. Issuance size to be determined after further discussion with JBIC.
  • Govt has set up National Committee on Investments (NCI), chaired by Minister of Finance and Minister of International Trade and Industry
Islamic Finance
  • Islamic Economic Blueprint to be formulated to position Malaysia as centre of excellence for Islamic finance
  • Special Islamic Finance Committee to be set up to develop the Islamic finance ecosystem


You can read the full speech of the budget 2020 by downloading the links below.

Budget 2020 Speech

Ucapan Belanjawan 2020




Disclaimer
This report has been prepared and issued by Bond and Sukuk Information Platform Sdn Bhd (“the Company”). The information provided in this report is of a general nature and has been prepared for information purposes only. It is not intended to constitute research or as advice for any investor. The information in this report is not and should not be construed or considered as an offer, recommendation or solicitation for investments. Investors are advised to make their own independent evaluation of the information contained in this report, consider their own individual investment objectives, financial situation and particular needs and should seek appropriate personalised financial advice from a qualified professional to suit individual circumstances and risk profile.
 
The information contained in this report is prepared from data believed to be correct and reliable at the time of issuance of this report. While every effort is made to ensure the information is up-to-date and correct, the Company does not make any guarantee, representation or warranty, express or implied, as to the adequacy, accuracy, completeness, reliability or fairness of any such information contained in this report and accordingly, neither the Company nor any of its affiliates nor its related persons shall not be liable in any manner whatsoever for any consequences (including but not limited to any direct, indirect or consequential losses, loss of profits and damages) of any reliance thereon or usage thereof.