ID :
17455
Sat, 08/30/2008 - 10:24
Auther :
Shortlink :
http://m.oananews.org//node/17455
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GOVT WILL CONTINUE TO MANAGE ECONOMY PRUDENTLY
KUALA LUMPUR, Aug 29 (Bernama) -- The government will continue to manage the economy in a prudent manner in ensuring the needs of all Malaysians amid the current economic issues that are likely to persist beyond 2008 and continue to affect global economic performance in 2009, the Finance Ministry said.
The government would continue to improve accessibility to quality education and healthcare, enhance the provision of affordable and quality housing as well as increase the coverage of water and electricity supply to the poor.
In addition, the network of transport facilities will also be extended,
public safety enhanced and the environment protected, it said.
The Treasury said regional development will also continue to focus on
raising the standard of living and addressing socio-economic imbalances across
regions and states.
Implementation of growth corridor projects is expected to bring about
greater development across states in the country as the government will
fast-track rural infrastructure projects such as roads, electricity, water
supply and drainage as well as provide incentives to attract investments into
these corridors.
It said the government will also continue to provide a pro-business and
investor-friendly environment.
The government had implemented many pro-business policies, including
reducing corporate tax rate progressively from 28 percent to 27 percent in 2007,
26 percent in 2008 and 25 percent in 2009 and introduce improvements in tax
administration to facilitate private investment activities, it said.
To further accelerate broadband penetration, the government had initiated a
public-private partnership with Telekom Malaysia to roll-out high-speed
broadband infrastructure with an estimated cost of RM15.2 billion over a 10-year
period.
Several measures are also in place to make public transportation the
preferred mode of travel, including the proposed Public Land Transport
Commission that will be operational in the first half of 2009 and the extension
of the Kelana Jaya and Ampang lines as well as additional trains to be placed in
service by the third quarter of next year.
To address the need for adequate and continuous access for small and medium
enterprises (SMEs) to refinance, the government had also approved a
comprehensive microfinance institutional framework to promote the development of
a sustainable microfinance industry, it added.
-- BERNAMA
The government would continue to improve accessibility to quality education and healthcare, enhance the provision of affordable and quality housing as well as increase the coverage of water and electricity supply to the poor.
In addition, the network of transport facilities will also be extended,
public safety enhanced and the environment protected, it said.
The Treasury said regional development will also continue to focus on
raising the standard of living and addressing socio-economic imbalances across
regions and states.
Implementation of growth corridor projects is expected to bring about
greater development across states in the country as the government will
fast-track rural infrastructure projects such as roads, electricity, water
supply and drainage as well as provide incentives to attract investments into
these corridors.
It said the government will also continue to provide a pro-business and
investor-friendly environment.
The government had implemented many pro-business policies, including
reducing corporate tax rate progressively from 28 percent to 27 percent in 2007,
26 percent in 2008 and 25 percent in 2009 and introduce improvements in tax
administration to facilitate private investment activities, it said.
To further accelerate broadband penetration, the government had initiated a
public-private partnership with Telekom Malaysia to roll-out high-speed
broadband infrastructure with an estimated cost of RM15.2 billion over a 10-year
period.
Several measures are also in place to make public transportation the
preferred mode of travel, including the proposed Public Land Transport
Commission that will be operational in the first half of 2009 and the extension
of the Kelana Jaya and Ampang lines as well as additional trains to be placed in
service by the third quarter of next year.
To address the need for adequate and continuous access for small and medium
enterprises (SMEs) to refinance, the government had also approved a
comprehensive microfinance institutional framework to promote the development of
a sustainable microfinance industry, it added.
-- BERNAMA
