Na­tional ICT As­so­ci­a­tion of Malaysia Re­sponds to 2016 Bud­get Re­vi­sion, Lays Out Im­pact on Tech In­dus­try

HWM (Malaysia) - - SMB -

PIKOM wel­comed the re­cent re­vi­sions to Bud­get 2016 to spur do­mes­tic con­sump­tion and spend­ing. How­ever, a fo­cus on driv­ing eco­nomic per­for­mance, and strength­en­ing the fun­da­men­tals of the coun­try could have been more ben­e­fi­cial.

The as­so­ci­a­tion also wel­comed the govern­ment’s de­ci­sion to con­tinue its plans for the Malaysian Vi­sion Val­ley, and the in­tro­duc­tion of open bid­ding for spec­trums to pro­mote greater com­pe­ti­tion in the telco sec­tor.

Ac­cord­ing to PiKOM, re­duc­tion in broad­band costs will have a cat­alytic ef­fect on so­ci­ety and the econ­omy in terms of re­duc­ing house­hold ex­penses, the pro­mo­tion of knowl­edge-based so­ci­ety, and other ben­e­fits.

On the Prime Min­is­ter Datuk Seri Na­jib Razak’s an­nounce­ment of the RM2,000 tax re­lief for work­ers earn­ing below RM8,000 a month, and the three-per­cent re­duc­tion in em­ploy­ees’ con­tri­bu­tions to the Em­ploy­ees Prov­i­dent Fund, PIKOM Chair­man Chin Chee Seong com­mented that it may pro­vide some boost in dis­pos­able in­come within the lo­cal retail sec­tor, in­clud­ing the ICT sec­tor. This will, in par­tic­u­lar, ben­e­fit the lower to middle in­come group.

“The one-time salary in­cre­ment for civil ser­vants is also a wel­comed move, though it can­not be as­cer­tained as yet how much of a stim­u­lus ef­fect th­ese mea­sures will have on the econ­omy,” added Chin in his state­ment.

The RM6 bil­lion in ad­di­tional funds for De­vel­op­ment Fi­nan­cial In­sti­tu­tions (DFIs) and Ven­ture Cap­i­tal­ists (VCs) is also a pos­i­tive move,




MARCH 2016

Chin Chee Seong, PIKOM Chair­man.

as in­vest­ing in the de­vel­op­ment of techno­preneurs and the start-up scene will de­liver a long-term stim­u­lus ef­fect on the lo­cal econ­omy in many ways. PIKOM also wel­comed the em­pha­sis on train­ing, as ev­i­dent by the al­lo­ca­tion of 30 per­cent of levy con­tri­bu­tion to reskilling pro­grams, among oth­ers.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.