Measures to spur business activity would help companies, industries

Small businesses and manufacturers welcomed measures under Budget 2021 to spur and inject life into the business community following the extension of the Penjana special tax incentives to attract foreign direct investments (FDIs) to relocate manufacturing to Malaysia from 2021 until 2022.

“The incentives should be extended to existing investors which had received approvals for expansion, diversification or new projects in 2019 as well as to domestic investments.