Budget 2025 To Attract More Quality Investments, Making Malaysia Preferred Investment Destination – MIDA
22 Oct 2024
The initiatives tabled in Budget 2025 enable Malaysia to attract more high-quality, innovative and sustainable investments, making Malaysia a preferred investment destination in the Southeast Asian region, said the Malaysian Investment Development Authority (MIDA).
Chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said Budget 2025 is an important step to realise the goals of the MADANI Economy framework.
He said MIDA continues to play a role in supporting a fresh investment climate for investors and the business community to drive economic growth and prosperity for the country.
“We are very excited about the range of incentives announced in the budget, which will further enhance the competitiveness of the business community, attract targeted quality investment and create new opportunities to generate inclusive and sustainable economic growth,” he said in a statement today.
In line with the MADANI Economy framework, MIDA said Budget 2025 reflects Malaysia’s commitment to supporting inclusive and sustainable economic growth.
“This budget will also empower the business community, drive innovation, increase the value of the dynamic manufacturing and service sector ecosystem, while generating benefits for the people.
“Through the initiatives outlined, the Ministry of Investment, Trade and Industry (MITI) and MIDA are committed to doubling their efforts and role to strengthen the country’s competitiveness at regional and international levels,” he said.
Last Friday, Prime Minister Datuk Seri Anwar Ibrahim tabled Budget 2025, containing a series of support measures to help the business community and initiatives to stimulate a strong and robust national economy.
Among the measures announced are the implementation of the Global Minimum Tax, Supply Chain Resilience Measures, and a proposal to review the feasibility of the Strategic Investment Tax Credit.
Source: Bernama
