One of the key measures that has been introduced by the government is the tie-up between Malaysia and Singapore to set up a special economic zone.
KUALA LUMPUR: The government’s measures to implement reforms and execute fiscal consolidation will further strengthen Malaysia’s macroeconomic foundation, according to Manulife Investment Management (Manulife IM).
Senior portfolio manager, equities, Kenglin Tan said while Malaysia’s economy is expected to grow between 4% and 5% in 2024, one of the key measures that have been introduced by the government is the economic tie-up between Malaysia and Singapore to set up a special economic zone.
“The government is also trying to attract a lot of foreign direct investments by being business and investor-friendly.
“The recent exemption of capital gains tax on unit trust is another sign that the government is capital markets friendly,” she said at a briefing on Manulife IM 2024 investment outlook.
In addition, the implementation of targeted subsidies or social assistance has shown that Malaysia is resolved to strengthen its biggest fiscal position and drive economic growth at the same time. — Bernama
