KUALA LUMPUR: Development financial institutions (DFIs) in Malaysia are calling for the government to decrease or subsidise the stamp duty on financing contracts and hire-purchase agreements in the upcoming Budget 2021.
This was among the proposals presented to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz during a dialogue session organised by the Association of Development Finance Institutions of Malaysia (ADFIM) in collaboration with Bank Pembangunan Malaysia Bhd (BPMB) yesterday.
ADFIM members also sought an allocation from the government for their empowerment agenda to help in the long-term development of Covid-19-affected entrepreneurs and individuals as well as to promote the national economic landscape, the association said in a statement today.