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Pemerkasa worth RM20 bln launched, along with RM11 bln fiscal injection from govt — PM Muhyiddin
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Govt introduces additional tax deductions under Pemerkasa
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Wednesday, 17 Mar 2021 07:35 PM MYT
BY KEERTAN AYAMANY
A man watches a live telecast of Prime Minister Tan Sri Muhyiddin Yassin s speech in Kuala Lumpur January 12, 2020. Picture by Miera Zulyana
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KUALA LUMPUR, March 17 Prime Minister Tan Sri Muhyiddin Yassin today announced five initiatives under the Strategic Programme to Empower the People and Economy (Pemerkasa) aimed at making Malaysia’s economy more competitive globally.
Muhyiddin said the initiatives would primarily increase foreign investments, strengthen global trade, boost digital technology adaptation and ensure sustainable growth.
“The 10th initiative is to strengthen the business environment. For that, the government through the Business Facilitation Special Task Force or Pemudah is always committed to make sure agile regulation is implemented to encourage domestic business reinvestment,” he said.