KUALA LUMPUR: The Association of Banks in Malaysia (ABM) says Budget 2024 tabled by Prime Minister Datuk Seri Anwar Ibrahim is comprehensive and inclu...
The Association of Banks in Malaysia sees Budget 2024 as comprehensive, inclusive and pro-rakyat, chairman Khairussaleh says.The Association of Banks in Malaysia says Budget 2024 tabled by Prime Minister Datuk Seri Anwar Ibrahim is comprehensive and inclusive, with emphasis on sustainable economic growth and being pro-, in support of the Madani Economy and the various policies and roadmaps that were announced recently.
“The intent to further support the underserved and unserved sustainably is clear, and we welcome the proposed increase in tax exempt spend to 35% to encourage greater social impact programmes,” he said, adding that the allocation of an additional RM10 million to enhance the effectiveness of the National Scam Response Centre is highly important.
“The continued emphasis on Islamic finance in Budget 2024 will further Malaysia’s competitiveness in the global halal market and its capabilities to provide value based Islamic banking solutions. We also appreciate the tax incentives for Islamic securities buying and selling and for Labuan entities undertaking Islamic finance in enhancing the breadth and depth of our Islamic finance solutions,” he added.
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