Tag Archives: Malaysian Economy

Malaysia Budget 2010


Datuk Seri Najib Abdul Razak has announced Malaysia Budget 2010 just now. This is the first time he represent first budget. As many people believe that Malaysian economy is slowly picking up, do you agree with that? Do you think the new Budget 2010 can transform Malaysia’s economy?

My Wish On Malaysia Budget 2010

I personally wish that this new budget strategy could help to stimulate the Malaysia economic and investment, the aspects that Malaysia government should be focused on are:

i) The personal income tax and corporate tax should be reduced in order to minimize public financial burden and always think in more creative way to help in long-term investment on infrastructure.

I hope that with the implementation of The maximum income tax rate for individuals to be reduced to 26% from assessment year 2010. Personal relief increased to RM9,000.” under Budget 2010 can help the middle income group of people.

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What Do You Think About Malaysian Economic?

Year 2009 is considered as a very challenging year for all country in the world. The first half of 2009 is expected to be a very tough period for Malaysia. The GDP (gross domestic product) for Malaysia country is expected to drop by 5.1% due to poor demand for Malaysian exports. Even Malaysia is the main exporter of oil and gas and also has large commodity exports. But, the prices of those commodities have fallen since last year.

If based on a month-to-month comparison, we can’t deny that Malaysian exports to all its main trading partners have increased, the Asian region (6%), China (14%), the United States (10%) and the European Union (10%). However, it show different story for year-on-year comparisons.

Based on what I known, Asia country still suffering the major impact of the global economic recession. According to the World Economic Forum Global Competitiveness Report for the year 2009-2010, Malaysia drops to 3 positions and ranked 24th in the global competitiveness ranking. So, when only can see the positive growth of Malaysia economic?

Switzerland is the top ranked of 133 economies, while the US ranked 2nd position. Asia’s Economic Giant – Singapore ranked 3rd position while Japan at 8th and Hong Kong, South Korea and Taiwan all in the top 20.


What’s My Opinion On Malaysia?

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