Domestic investments take centre stage

A large part of Anwar’s speech touched on tax incentives and other measures for startups, small and medium enterprises (SMEs), as well as the larger industry players.

PETALING JAYA: The promotion of domestic investments takes centre stage in Budget 2024, presenting a clear sign that Prime Minister Datuk Seri Anwar Ibrahim and his Cabinet are serious in restructuring the economy.

While analysts may have mixed views on the budget measures, the government’s focus on domestic investments is a well-timed move amid the weak global prospects next year.