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PETALING JAYA: Positive consumer sentiment on the back of better economic growth is expected to spur car sales in 2021.
Vehicle sales growth is also anticipated to remain steady even if the sales tax exemption that ends this month is not extended, say analysts.
According to Frost & Sullivan Asia-Pacific mobility consulting analyst Nur Afiqah Mohamad, the sales tax exemption has been successful in dampening the impact of the Covid-19 pandemic on the local automotive sector.
“Based on the sales performance observed during the sales tax exemption period in the second half of 2020, we expect automotive sales will see a moderate decline in the first few months of 2021.
17 Dec 2020 / 11:26 H. Pix for representational purpose only.
KUALA LUMPUR: The information communication technology (ICT) creative industry, specifically e-games and animation, had a leg-up from the government amidst the Covid-19 pandemic this year.
The government had allocated RM225 million for the arts, culture, entertainment and event industries under Short-term Economic Recovery Plan (Penjana), including a RM100 million in soft loans and RM30 million in grants for the creative, events and exhibitions industries under MyCreative Ventures.
The measures also include a RM10 million allocation under the Cultural Economy Development Agency (Cendana).
Malaysia Digital Economy Corporation (MDEC) Digital Creative Content Head, Mohan Low said the demand for global digital content remains strong for 2020.
PETALING JAYA: Penjana Kapital Sdn Bhd will be the boost for Malaysian start-ups in the time of the new normal, said Finance Minister Datuk Seri Zafrul Tengku Abdul Aziz. It was introduced as part of the Government’s economic stimulus package to weather the impact of the COVID-19 pandemic, he said in his speech at the Penjana Kapital Letter of Award Handover Ceremony.
Penjana Kapital yesterday saw its first key milestone in connecting Malaysian start-ups with international Venture Capitals.
Zafrul said it would facilitate a growth path and a vibrant ecosystem for these high-potential firms to thrive.
Penjana Kapital had announced that it attracted eight venture capital fund managers from the US, South Korea, China, Indonesia and Singapore to invest in Malaysian start-ups as part of the RM1.2bil Dana Penjana Nasional programme.