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The newly created SME Bank will not crowd out lending by commercial banks to small and medium-scale enterprises (SMEs) and should help commercial banks in their lending to this segment of businesses, said Finance Minister II Tan Sri Nor Mohamed Yakcop.
BANK Pembangunan Malaysia Bhd (BPMB), formerly known as Bank Pembangunan Infrastruktur Malaysia Bhd, is expected finalise the structure to raise RM9bil before the end of the year as announced in Budget 2006.
It is a budget to foster a business friendly environment, as Prime Minister Datuk Seri Abdullah Ahmad Badawi puts it.
StarBiz talked to various people in many sectors to get their views on Budget 2006. Some of their comments.
StarBiz Assistant News Editor Jagdev Singh Sidhu and, reporters Goh Ee Koon and Loong Tse Min spoke with a panel of tax experts for their opinions on Budget 2006. Excerpts.