'Good Budget' says banker Azman

  • Business
  • Saturday, 13 Sep 2003



AmBank Group 


I think it is a good budget. The focus is on supporting the private sector and there are quite a few things for the finance industry also, for example, the MDC to be a one-stop agency like Mida, the asset-backed securities are given some incentives and the listing of Felda.  

The realisation of some high value government assets, which means that they would probably sell off some shares in Tenaga and Telekom, would strengthen the government’s financial position. The intentions are there and from the finance sector’s view it is very encouraging.  

Many aspects of the budget spending are also to encourage competitiveness like cutting down costs for the operators in the tourism sector. Even in terms of the corporate sector, many things have been given deductions to encourage competitiveness. I am very satisfied with the budget; I think there are a lot of things to digest already. 

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