The Malaysian 2019 budget proposal was tabled by our Finance Minister, YB Lim Guan Eng on the 2nd of November 2018. This budget represents the new Pakatan Harapan Government’s first Budget announcement to restore public finances and good governance to drive and strengthen the nation’s economy.
Proposed to adopt the Zero Based Budgeting Method, the Malaysian Government is expected to rationalize expenditures; broaden and diversify tax revenue; minimize tax leakages; restructuring government debt including contingent liabilities to achieve a sustainable, equitable and inclusive growth for the Malaysian economy.
Providing fresh insights on the latest 2019 Budget proposal by the government and its significance on the economy, capital market and the general public. Identifying the essential highlights of the 2019 Budget proposal, recognizing the main tax changes presented in the 2019 Budget proposal and discussing on the Budget 2019 implications on the Malaysian economy and the capital market outlook.
Mr Yap Wai Onn is a Chartered Accountant and lecturer from a local university. He has also worked with several established manufacturing companies in the furniture, plastic and pharmaceutical industry. His areas of specialization cover product costing, pricing, management accounting, risks profiling, financial analysis, corporate restructuring and taxation