Budget 2020: Comments from the banking sector

Tengku Zafrul Aziz, Group CEO, CIMB Group

CIMB Group lauds the budget's focus on digital transformation, which will have broad-based benefits to enable all segments of society to capitalise on 5G and other new technologies.

"This is clear from the tax incentives for knowledge-based foreign investors and encouraging a cashless society, to piloting technology like autonomous vehicles and blockchain," said Tengku Zafrul Aziz, group CEO of CIMB Group.