Please be informed that Cradle office will be closed from throughout CMCO in line with the Conditional Movement Control Order (CMCO) announced by Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob recently.

Video

Budget 2020 highlights

KUALA LUMPUR (Oct 11): The following are the highlights of Budget 2020:

Malaysian economy

Government

  • The Bureau of Public Complaints will be replaced by the Malaysian Ombudsman to enhance govt’s governance and delivery systems
  • Govt to move forward with the formation of the Independent Police Complaints and Misconduct Commission (IPCMC) to increase public confidence and trust in police.
  • Japan Bank for International Cooperation (JBIC) offers to guarantee additional tranche of Samurai bonds with lower interest rate of less than 0.5% compared with 0.63% previously. The federal government plans to issue the bonds early next year. Issuance size to be determined after further discussion with JBIC.
  • Home Ministry to receive RM16.9 billion boost for 2020.
  • Allocation for Islamic affairs under PM’s Dept increased to RM1.3 billion from 1.2 billion in 2019
  • Govt has set up National Committee on Investments (NCI), chaired by Minister of Finance and Minister of International Trade and Industry
  • Allocation for Defence Ministry raised from RM13.9 billion in 2019 to RM15.6 billion in 2020

1MDB

Source From The Edge Markets



IMPORTANT NOTICE ×

Dear Valued Entrepreneurs, Partners & Start-ups, The Malaysian Government has announced a Movement Control Order (MCO) from the 13th January – 26th January 2021 in 6 states including Kuala Lumpur by the Prime Minister, Tan Sri Muhyiddin Yassin on the 11th January 2021.


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