Datuk Seri Mohd Najib Tun Razak the prime minister of Malaysia on yesterday Friday tabled the 2010 Budget totaling RM191.5 billion and which has a three-pronged strategy to drive the nation towards a high-income economy; ensuring holistic and sustainable development; and focusing on the well-being of the people.
Najib said that to drive the country towards a high-income economy, the government would encourage increased private investment, provide a business-friendly environment and implement privatization initiatives.
The prime minister said RM20.3 billion is allocated to the social sector encompassing education and training, health, welfare, housing and community development, RM3.7 billion is for the development of the security sector, RM1.8 billion for general administration and RM2 billion for contingencies.
To me I wanted to see if the budget has some benefit for the business point of view. I read through 49 pages of the text and here are some points I pick up that could benefit my company business and light and sound industry in general.
1. Among projects to be implemented in 2010 include the development of an Integrated Immigration, Customs and Quarantine Complex (CIQ) in Bukit Kayu Hitam, construction of 6 UiTM campuses and the development of MATRADE Centre.
- This is interesting as new UiTM campuses will require proper light and sound system.
2. To strengthen ICT, the Government will expedite the implementation of High Speed Broadband (HSBB) at a total cost of RM11.3 billion, of which RM2.4 billion is from the Government and RM8.9 billion from Telekom Malaysia. Initially, broadband services with the speed of 10 mega bytes per second (Mbps) will be provided in selected areas in Kuala Lumpur and Selangor by en-March 2010. Subsequently, these services will be extended to other areas nationwide between 2010 and 2012.
- I am looking forward for a better broadband services cause the Malaysia broadband is really 2 – 3 times below par compare the Singapore and other neighboring country.
3. To further enhance broadband penetration, the Government proposes that individual taxpayers be given tax relief on broadband subscription fee up to RM500 a year from 2010 to 2012.
- At least some discount given – not bad…
4. For the education sector, the government will allocate RM19 billion, RM2.8 billion for student assistance and scholarship programme, RM1.6 billion for the construction of 80 new schools as well as 1,100 additional blocks and 347 school replacement projects.
- News school means new business opportunity for audio visual system.
The rest of the budget is mostly for the growth of the economy in general and to drive the nation forward. I am quite happy with this year budget and hopefully next year could be better.


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