Banks’ comments on 2017 Budget


Stake value: Azman

* Tan Sri Azman Hashim, Chairman of the Malaysian Investment Banking Association:

* Datuk Sulaiman Mohd Tahir, Group CEO, AmBank Group:

The 2017 Budget continues to focus in ensuring the economy continues to expand at a healthy pace, and at the same time reduce the fiscal deficit and address the public debt with the overall objective of bringing prosperity to the nation and promoting the wellbeing of the Rakyat.

Affordable Homes

One of the key initiatives of the Budget 2017 is on the affordable homes. The introduction of PR1MA house end-financing scheme bodes well. In particular, it will benefit those household in the M40 category whose salary bracket falls between RM3860 to RM8319 per month as well as the B40 category whose salary bracket is RM3855 and below.

This scheme will help address the first time home buyers' in these income categories who are currently experiencing difficulties to own affordable homes due to its limited supply. 

SME

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read