More incentives likely in budget

SERC executive director Lee Heng Guie

KUALA LUMPUR: The government will likely announce a bigger-than-usual number of incentives for the various sectors of the economy in the upcoming Budget 2023.

When contacted by StarBiz, economists and analysts generally said that there was a high chance that a number of labour-reliant industries could benefit from tax incentives and are expecting priority to be given to automation and levelling up technology for industries, including small and medium enterprises (SMEs).